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XL Group has appointed Matthew Huels into its surplus lines team as vice president and general liability line of business head. Based in Chicago, he joins from CoverX Specialty in Chicago where he served as vice president and Midwest primary casualty manager. He will report to Roxanne Mitchell, president of XL Group's Surplus Lines business. "To successfully serve hard-to-place risks that rely on the Surplus Lines market, you need intuitive, seasoned underwriters. That’s why we’re pleased to attract the underwriting talent that we do,” said Mitchell. 20 March 2013
Alternative Risk Transfer
Non-life insurance-linked securities (ILS) capital hit new heights in 2015 as re/insurer interest and investor confidence continued to grow, according to a new report by global advisory, broking and solutions company, Willis Towers Watson. 20 January 2016
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has hired three senior executives as it expands into the Canadian marketplace. 29 January 2015
Insurance
XL Group has appointed Mike Smith as Southeast regional underwriting leader in its North America property insurance business. 24 November 2014
Insurance
Markel Corporation’s net profits fell in the first quarter of 2016 and its combined ratio also increased driven, it said, by less favourable development of prior years’ loss reserves and a higher expense ratio. 4 May 2016
Insurance
Clem Booth, formerly a senior executive with Allianz, Munich Re and Aon Re, has been appointed as non-executive chairman of DUAL, the underwriting arm of insurance group Hyperion. He will also become a non-executive director on the board of Hyperion. 5 October 2015
Insurance
It is targeting a top 10 reinsurance spot on a global basis but GIC Re understands that, especially in continental Europe, reinsurance is a long-term relationship-driven game. Lucky then that the Indian company is itself a long-haul player and will be patiently awaiting any opportunities, says Alice Vaidyan, chairman-cum-managing director of GIC Re. 23 October 2016
Insurance
Australia’s QBE is observing that business that in the past went through the London Market is increasingly being processed at other international locations, driven by cost pressure and client demands. 28 February 2017
Insurance
It is targeting a top 10 reinsurance spot on a global basis, and to achieve this GIC Re must overcome a complex regulatory environment and shrinking panels to crack the North American reinsurance market. Yet the company is determined, says Alice Vaidyan, chairman-cum-managing director of GIC Re. 23 October 2016
News
Indian reinsurer GIC Re, in collaboration with the Federation of Afro Asian Insurers and Reinsurers (FAIR), has launched a catastrophe reinsurance pool that will help insurers reinsure natural catastrophe exposures in the Afro Asian region. 23 September 2013
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