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JLT Re partners with flood risk modeller to expand in Canada

Reinsurance broker JLT Re has partnered with risk modelling company KatRisk to offer flood modelling in Canada.   21 March 2017

Insurance

Hacked retailer Dixons Carphone marks first major breach under GDPR

Dixons Carphone has confirmed it has suffered two data breaches involving details of 5.9m payment cards and 1.2m personal data records including addresses.   14 June 2018

Insurance

XL CEO not surprised about takeover rumours

XL Group CEO Michael McGavick said that he is not surprised that there is speculation about a potential takeover of XL Group by other market players.   14 February 2018

Insurance

AM Best critical of Maiden after US renewal rights sale to TransRe

AM Best has placed the financial strength rating and the long-term issuer credit ratings (ICRs) for Maiden Reinsurance, and its affiliate Maiden Reinsurance North America under review with negative implications following the announcement that the renewal rights for its US diversified business were being sold to TransRe.   31 August 2018

Insurance

AIG’s leaving CEO Hancock denied 2016 bonus, gets $5m for transition period

American International Group’s (AIG) leaving CEO Peter Hancock was denied a bonus for 2016 after the company recorded a $3 billion net loss for the fourth quarter of 2016.   20 March 2017

Insurance

Chubb appoints new chief claims officer from AIG

Property/casualty insurer Chubb has hired Michael Smith as its new chief claims officer. He was most recently chief transformation officer at AIG.   6 February 2018

Insurance

Australia's IAG purchases additional A$1bn catastrophe reinsurance cover

General insurer Insurance Australia Group (IAG) has purchased an additional reinsurance protection worth A$1 billion ($750 million) against major disasters.   9 June 2017

Insurance

Latest Prudential-Legal & General longevity deal marks a resurgent sector

Prudential Retirement, a unit of Prudential Financial, and Legal & General Group have concluded their sixth longevity reinsurance agreement since 2014 – a deal hailed as representing the resurgence of the longevity reinsurance sector in the UK.   21 December 2017

Insurance

Ironshore appoints head of Australia operations

Ironshore International has named William Lewis as managing director of its Australia operations, based in the Sydney office.   7 June 2017

Insurance

Nexus adds deputy chairman in trade credit expansion

Specialty managing general agent (MGA) Nexus Group said that Charles Penruddocke has joined as non-executive deputy chairman of Nexus CIFS and Equinox Global in a Nov. 2 statement.   3 November 2017

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