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Insurance
Property/casualty (P&C) insurance sector reserve deficiency deteriorated to $4.3 billion in 2017 from $2.5 billion in 2016, according to Morgan Stanley research. 10 April 2018
Insurance
White Mountains Insurance Group is launching a "modified Dutch auction" self-tender offer to purchase 500,000 of its common shares at a purchase price of not greater than $875 or less than $825 per share, net to the seller in cash. 10 April 2018
Insurance
Specialist Lloyd's insurer Neon has launched a new contingency offering with the hiring of Barents Re executive Jeremy Cooke as contingency underwriter. 10 April 2018
Insurance
Annual expected insured losses for the severe convective storms (SCS) peril, including catastrophe and non-catastrophe events, are approaching $25 billion, higher than the hurricane and earthquake perils combined, according to a new report by Karen Clark & Company (KCC). 10 April 2018
Insurance
Bermuda-based property and casualty re/insurer Sompo International has appointed Patrick Cove as global head of aviation reinsurance. He will be based in the company’s Zurich office. 10 April 2018
Insurance
RKH Specialty, part of the Hyperion Insurance Group, has appointed Stuart Beatty as the regional CEO for Asia Pacific, a new role focused on building on the firm’s specialty capabilities in the region. 10 April 2018
Insurance
European reinsurers are shunning retroactive reinsurance while seeking growth opportunities, leaving Berkshire Hathaway unencumbered by competition, according to research by Jefferies. 10 April 2018
Insurance
Beecher Carlson Insurance Services, the specialised large account subsidiary of Brown & Brown, has promoted Joseph Siech to chief executive officer and Scott Davis to chief operating officer. 10 April 2018
Insurance
The protection shortfalls in cyber and healthcare risks are more dramatic than for natural catastrophe risk, according to the study “Understanding and Addressing Global Insurance Protection Gaps” released by The Geneva Association. 10 April 2018
Insurance
Ransomware is the most prevalent variety of malicious software and attacks doubled since 2017, according to Verizon’s 2018 Data Breach Investigations Report (DBIR). 10 April 2018
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