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Insurance
Marine insurance provider Skuld said that the contingency reserve reached a record high of $421 million in the first nine months of 2017, up 15.6 percent compared to the same period of 2016. 15 December 2017
Alternative Risk Transfer
The fourth quarter of 2017 saw considerable loss activity across all insurance-linked securities (ILS) investments with a preliminary estimate of $630 million in cat bond principal losses including hurricane, earthquake, and wildfire activity, according to a Willis Towers Watson Securities report. 29 January 2018
Insurance
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency, a St. Paul, Minnesota-based surety and property/casualty agency specialising in the construction industry. 4 July 2018
Insurance
Swiss insurer Zurich has appointed Peter Huber as CEO of its international business. 7 September 2017
Insurance
Bermuda-based AXIS Capital Holdings has appointed Rhonda Lohmar as vice president, US programmes, for the property/casualty (P&C) team. 3 April 2017
Insurance
Insurers will have to delete two thirds of the records they hold on past customers, losing a vital sales pipeline, under new data protection laws, research from Consumer Intelligence and fast.MAP suggests. 25 May 2017
News
Brian Ingle will lead the analytics team for Willis Re North America following Alice Underwood’s appointment as head of risk consulting and software (RCS) business, the company announced today. 30 June 2017
Insurance
Randall and Quilter Investment Holdings (R&Q) has sold the entire issued share capital of its Norwegian service company R&Q Triton to Gabler. 30 June 2017
Insurance
Speciality re/insurer Brit posted solid growth in the first six months of 2017 but its profits dipped on lower investment returns and a continued softening of rates, which were 2.2 percent down overall during the period. 4 August 2017
Insurance
A class-action lawsuit seeking $12.5 billion, or $25 for each customer whose privacy may have been jeopardized, has been filed against Marriott after the hotel chain revealed a data breach affecting 500 million customers of its Starwood hotels, according to a Dec. 1, 2018 report by The Oregonian. 3 December 2018
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