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Insurance
Hamilton USA, the US insurance platform of Bermuda-based Hamilton Insurance Group, has promoted Julianna Muir to the newly-created position of senior vice president, head of strategy and innovation. 3 February 2017
Insurance
US-based niche insurer Markel Corporation has announced its plan to incorporate and capitalize a German insurance company in Munich, within the first half of 2018, to support its EU-27 growth strategy post Brexit. 18 May 2017
News
Hong Kong-based Peak Re is seeking international expansion despite plummeting profit in 2016. 18 May 2017
Insurance
Australia’s business landscape will be transformed under new mandatory reporting legislation for data breaches which will take cyber security from the IT department to the boardroom, according to a white paper released by QBE Insurance. 16 May 2017
News
Premium rates are set to further decline in reinsurance throughout 2017 due to overcapacity and sluggish demand, according to Fitch Ratings. 16 May 2017
Insurance
Switzerland-based Zurich Insurance Group has booked a charge of $289 million as a result of the UK’s decision to change the Ogden personal injury discount rate. 11 May 2017
Insurance
Australia’s re/insurer QBE said on Aug. 17 that the company’s CEO of emerging markets David Fried is stepping down after the operations reported disappointing underwriting results in the first half of 2017. 17 August 2017
Insurance
US property/casualty insurer The Hartford reported a net loss of $3.7 billion for the fourth quarter 2017, primarily due to a $3.1 billion loss on discontinued operations related to the agreement in December to sell Talcott Resolution and a $877 million charge due to the reduction in the US corporate tax rate. 9 February 2018
Insurance
France-based credit insurance company reported lower net income for the first quarter of 2017 but the combined ratio improved as the company implements actions to protect profitability. 8 May 2017
Insurance
More than half (54 percent) of high net worth individuals are concerned that they are underinsured, with many worried they are buying insurance that may be inadequate for their needs, according to new research by Chubb. 14 March 2017
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