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Boeing CEO Dennis Muilenburg admits ‘responsibility to eliminate risk’ of Mcas failure in 737 Max planes
Insurance
Boeing has admitted that a failure in its Mcas anti stall system was a factor in the crash of two 737 Max planes as the aircraft manufacturer's CEO said “it’s our responsibility to eliminate this risk”.   5 April 2019
Hamilton Re secures $65m for sidecar Turing Re amidst "uncertain conditions" in ILS market
Alternative Risk Transfer
Hamilton Re, the re/insurance platform of Bermuda-based holding company Hamilton Insurance Group, has secured $65 million of collateralised capacity through its special purpose sidecar vehicle Turing Re.   5 April 2019
Lloyd’s PPL hits 50,000 bind overs in ‘watershed moment’
Insurance
Lloyd’s of London PPL board declared a “watershed moment” as it reported that more than 50,000 risks have been confirmed covered on the digital PPL system.   5 April 2019
Insurance
Munich Reinsurance America, Munich Re's US property and casualty reinsurance subsidiary, has appointed former Hiscox executive Adam Edelstein as chief operating officer (COO) for Munich Re Specialty Insurance, a new commercial insurance unit in North America.   5 April 2019
Insurance
Starr Insurance Companies has appointed senior vice president Carmella Capitano as head of primary general casualty-risk management and excess casualty.   5 April 2019
Technology
The technology sector in the UK is booming, and MS Amlin has launched a new product designed specifically for its increasingly complex needs, as Stephen Wares and Richard Coxon of MS Amlin explain to Intelligent Insurer.   4 April 2019
Reinsurance
AM Re Syndicate believes the US market is underserved by reinsurers. To solve this problem, the managing general agency is matching US primary carriers with security from Asia using quota share deals, to bring a very different offering to the market, as Intelligent Insurer reports.   4 April 2019
Alternative Risk Transfer
Spanish insurer Mapfre took some tough decisions last year—and also underperformed, according to its chief executive. Now, it wants to reap the rewards of these changes as well as its diversification to move into a new chapter, Antonio Huertas, chairman and CEO, tells Intelligent Insurer.   4 April 2019
News
Greenlight Re has always done things a little differently. Simon Burton, its chief executive, explains to Intelligent Insurer why he hopes its approach to insurtech, Solvency II and the mix of its portfolio will continue to set it apart.   4 April 2019
Insurance
There are some chief execs right now taking a pretty good look at their own affairs in terms of how they spend company funds. I have also heard of a number of companies asking their investor relations teams for a thorough analysis of peer-related performance.   4 April 2019

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