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Insurance
Changes from Washington DC in the form of trade, taxes, infrastructure and regulation could alter the dynamics of the commercial insurance market that have sustained prolonged soft market conditions, according to a Willis Towers Watson report. 21 April 2017
Insurance
Nirvana Risk Partners has launched as an underwriting cell on the Castel Underwriting Agencies MGA (managing general agent) formation platform to target media, technology and cyber liability risks. 21 April 2017
Insurance
Swizerland-based property and casualty re/insurer Allied World Assurance Company Holdings has included drones services to expand its risk management offerings. 21 April 2017
Insurance
Profits at Randall & Quilter, the Bermuda based specialist non-life insurance investor, almost tripled last year on the back of it completing 15 legacy transactions during 2016 and further net reserve releases from insurance companies in run-off. 20 April 2017
Insurance
American International Group (AIG) has said it anticipates that the recent decision by the UK Ministry of Justice to reduce the discount rate applied to lump-sum bodily injury payouts, known as the Ogden rate, will cost it some $100 million in its first quarter of 2017. 20 April 2017
Insurance
US-based global insurance distributor AmWINS Group has signed a definitive agreement to acquire wholesale brokerage firm Partners Specialty Group. 20 April 2017
Insurance
Pioneer Underwriters, the underwriting group within Minova Insurance, has expanded its miscellaneous errors and omissions (E&O) division with two new appointments. 20 April 2017
News
Aggregate shareholders’ funds for companies included in the Willis Re Index, which examines the results of the world’s biggest reinsurance groups, increased by 4 percent to $344.1 billion as at 31 December 2016, according to the latest Reinsurance Market Report from Willis Re. 20 April 2017
Insurance
US insurer WR Berkley Corporation has appointed the lead equity analyst covering insurance at Goldman Sachs to join its corporate investment arm as a director. 20 April 2017
Insurance
Re/insurer XL Catlin has raised its terrorism insurance coverage limits to $250 million in the US on the back of what it said was businesses’ increased concerns about potential terror risks. 20 April 2017
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