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Insurance
Bermuda-based specialist insurer Hiscox posted a record pre-tax profit of £354.5 million in 2016, up 64 percent year-on-year on higher premium growth. 27 February 2017
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Sam Wilde as senior underwriter – global financial risks (GFR). 22 May 2017
News
African Reinsurance Corporation enjoyed steady growth in the first quarter of 2017 but its profits were hit by large claims in South Africa, the Middle East and Mauritius. 22 May 2017
Alternative Risk Transfer
A continued glut of capacity dampened rate increases in the recent June 1 renewals for Florida property-cat business. While rates did increase by 1.2 percent, the first rise in seven years, pricing remains 40 percent down on 2012, according to a new report by JLT Re. 4 June 2018
Insurance
Berkshire Hathaway’s insurance entities posted an underwriting profit of $441 million in the third quarter of 2018, a big turnaround on the same period a year earlier when they made a loss of $1.44 billion thanks to several large cat events. 5 November 2018
Insurance
Re/insurer XL Catlin has appointed three executives, Ludovic Ruiller, Ophélie Carême and Vincent Fumey, into its underwriting team in France. 24 January 2017
Insurance
Specialist Lloyd's insurer Neon has launched a new marine and offshore construction consortium that offers $70 million capacity for shipyard construction and $55 million for rig construction. 21 March 2017
Insurance
Specialty managing general agent (MGA) Nexus Group has hired former chief underwriting officer of AmTrust at Lloyd’s Mike Sibthorpe amid a management shake-up and a potential initial public offering (IPO) this year. 18 January 2018
Insurance
Liberty Mutual Company Ironshore has appointed Steve Horton to chief executive officer of managing general insurance agency Iron-Starr, and Susan Pateras to chief operating officer of Ironshore Bermuda. 18 January 2018
Insurance
US-based global insurance broker AmWINS Group has promoted Scott Purviance to succeed Steven DeCarlo as the company’s CEO, effective May 1, 2018. 17 January 2018
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