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As the soft market stretches on and new capital continues to find ways to compete on the turf of established reinsurers, the bigger, traditional players are being forced to adapt. Most are increasingly willing to shun unprofitable business while exploring new potential revenues streams and keeping one eye on (and often an investment in) technologies with the potential to change their way of working. 24 May 2017
Insurance
Amid a myriad of challenges, re/insurers must stay ahead of their peers and embrace innovation and technology if they are to thrive in the game, Ingrid Carlou, the chief executive of Patria Re, tells Intelligent Insurer. 24 May 2017
Insurance
Blend Insurance Solutions, a new Sydney-based Lloyd’s underwriting agency, has officially launched into the Australian market after securing an accident and health renewal rights deal with Beazley Underwriting. 24 May 2017
Insurance
Globe Underwriting, a UK based managing general agent (MGA), has created a new marine division, led by Peter Rogers as head of marine and David Dymond as head of underwriting. 23 May 2017
Insurance
Gen Re, a Berkshire Hathaway Company, has appointed William Casill to join its North American life and health business as senior vice president and chief actuary. 23 May 2017
Insurance
Berkley Insurance Company, a subsidiary of WR Berkley Corporation, has appointed Naomi Kinderman and Beth Zaro Green as vice presidents – claims senior counsel. 23 May 2017
Insurance
Many African insurers are insufficiently capitalized and lack financial stability, which could dampen consumer confidence, according to a the 2nd Africa Insurance Barometer, launched at the 44th AIO Conference & General Assembly in Kampala, Uganda. 22 May 2017
Insurance
Re/insurer XL Catlin has added two new members to the Canadian environmental insurance team - Marc Estrada as team lead, and Brian Hughes as assistant vice president, underwriting. 19 May 2017
Insurance
RSG Underwriting Managers (RSGUM), the managing general underwriting division of Ryan Specialty Group, has formed an independent marine insurance consultancy and claims adjusting company called Smooth Waters. 19 May 2017
Insurance
Insurers worry that the introduction of self-driving cars will shrink auto insurance premiums, but these decreases may be offset by an annual $15 billion additional business from new insurance product lines centred upon autonomous vehicles, according to a US study by Accenture. 19 May 2017
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