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Insurance
The insured property losses caused by extratropical Cyclone Xavier is estimated at €291 million, according to the initial estimate released by the European catastrophe insurance data provider PERILS. 16 November 2017
Insurance
California-based Alliant Insurance has promoted Reshma Dalia to chief financial officer of its specialty group. 22 June 2017
Alternative Risk Transfer
ILS fund manager Twelve Capital has closed a €20 million private debt transaction for Alpha Insurance A/S of Denmark. 21 October 2014
Insurance
IAT Insurance Group is acquiring the renewal rights and certain associated assets for a book of surplus lines excess and umbrella insurance business from Rockhill Insurance Group, a subsidiary of State Auto Mutual Insurance Company. 26 March 2018
Insurance
The Indian government raised about 98 billion rupees ($1.5 billion) on Oct. 13 by selling some of its shares in the nation’s top reinsurer General Insurance Corp of India (GIC Re), Reuters reported on the same day. 16 October 2017
Insurance
Reinsurance broker and consultant JLT Re has hired Andrew Ferrier to strengthen its presence in the Western United States. 15 August 2017
Insurance
Lloyd’s has upgraded ERS, formerly Equity Red Star, Syndicate 218’s status for readiness for Solvency II from red to amber. 11 November 2014
Alternative Risk Transfer
US property/casualty insurer Great American Insurance Group, a subsidiary of financial services firm American Financial Group, is set to use the insurance linked securities (ILS) markets for the first time with a $95 million deal that will offer coverage of named storms, earthquakes, severe thunderstorms and winter storms. 12 March 2014
Insurance
The uncertainty caused by Brexit is affecting negotiations for insurance contracts that span periods of more than three years. 16 March 2018
Insurance
Universal Insurance Holdings chief risk officer Jon Springer believes that the company will be able to keep its reinsurance costs in 2018 at the same level as 2017 despite record catastrophe losses last year from hurricanes and rate increases in the primary business. 1 May 2018
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