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CFC hires cyber specialist from Beazley

Europe19-05-2014Insurance news

Specialist lines underwriting agency CFC has hired a senior executive from Beazley to lead its cyber, technology and media division.

Argo hires marine exec from RSA

North America19-05-2014Insurance news

Argo International has hired an experienced marine underwriter from RSA.

Greenlight dumps Aspen stock against backdrop of Endurance bid

North America19-05-2014Insurance news

One of the biggest shareholders in Aspen Insurance sold a large percentage of its stock in the insurer in the first quarter, it has emerged.

Tower rejects rival bid

Europe, North America16-05-2014Insurance news

Tower Group has rejected a competing bid from European insurer Euroins Insurance Group (EIG), stating that the offer was inferior.

US P&C insurers suffer from severe weather

North America16-05-2014Insurance news

US property and casualty (PC) insurers suffered losses throughout the first quarter of 2014, driven primarily by higher weather-related losses and elevated non-CAT losses.

GIC Re to offer cat bonds

Asia Pacific16-05-2014Alternative Risk Transfer News

Sole Indian reinsurer General Insurance Corporation (GIC) is actively evaluating the feasibility of issuance of catastrophe bonds which may be floated in a different country.

Cooper Gay appoints marine MD from Marsh

Europe16-05-2014Insurance news

Cooper Gay has appointed Charles Gibbs, formerly of Marsh, as managing director of marine within the marine and aerospace division.

Talanx reports reduction in Q1 profits

Europe16-05-2014Insurance news

Against growing competition, Germany’s third largest insurer, Talanx, has reported a reduction in Q1 profits, but remains on target to reach its annual profit of €700 million.

Demand brings Twelve Capital’s private debt strategy to a standstill

Europe16-05-2014Insurance news

Independent investment manager Twelve Capital has closed its insurance private debt strategy following maximised demand. Since its launch in November, the strategy has attracted $400 million in subscriptions.

AM Best upgrades DIC

MENA16-05-2014Insurance news

Rating agency AM Best has upgraded the issuer credit rating and outlook for the Dubai Insurance Company (DIC) following the insurer’s strong operating results and risk-adjusted capitalisation.

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