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Insurance
Brit Global Specialty USA (BGSU) has affirmed its commitment to the US Yacht market after media reports saying that Brit Global Speciality, Lloyd’s syndicate 2987, ended its yacht insurance business lines. 15 August 2018
Insurance
Australia’s QBE has warned the markets that it expects to report a full year 2017 after tax loss of around $1.2 billion due to catastrophe losses, reserve strengthening and write-downs. 23 January 2018
Insurance
Specialist insurer Beazley has strengthened its international specialty lines teams across Europe with a series of hires from Aon, Chubb and Tokio Marine, among others. 23 January 2018
News
Although market conditions in Europe remain competitive and rates in many lines are soft, Hong Kong-based Peak Re has found cedants in Europe receptive to working with an Asian reinsurer because of the diversity it offers on their panels and its innovative approach. 19 October 2015
Insurance
Ratings agency S&P Global has lowered its long-term counterparty credit and senior unsecured debt ratings on Markel Corporation to 'BBB' from 'BBB+' following its recent M&A activity. The outlook is stable. 28 July 2017
Insurance
Australia’s insurer Suncorp has reported natural hazards of A$395 million ($313.9 million) between July and December 2016, which is A$65 million above the allowance for the period, driven primarily by the Victorian hail storm. 15 February 2018
Insurance
Pioneer Underwriters is introducing a product covering the specific cyber risk exposure of investment managers. 18 January 2018
Awards
Receiving a top score of 7.40 Swiss Re, the world’s second largest reinsurer, took first place for best reinsurer for innovation with a GWP of more than $2 billion, closely followed by Hannover Re. 14 September 2014
Insurance
UK law firm Bond Dickinson has strengthened its expertise in the insurance sector with the appointment of Jonathan Drake as a partner for its commercial insurance team based in London. 28 November 2014
Insurance
Positive prospects for the global economy in 2018 are going to boost the marine insurance business, according to International Union of Marine Insurance (IUMI) president Dieter Berg. 13 March 2018
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