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Insurance
XL Group made a net loss of $560.4 million in 2017 – a big reversal on the $440 million net profit it posted the year before. But its CEO said the company has learned from the 2017 catastrophe experience and is adjusting its portfolio accordingly. 2 February 2018
Insurance
Sompo International Holdings (SIH) has completed the transfer of the Sompo America companies’ business operations and staff into its own Bermuda-based platform. 2 February 2018
Insurance
Western European re/insurers face limited growth prospects and a continued backdrop of low investment returns, yet in the last 12 months, AM Best-rated entities have demonstrated stable credit ratings and upgrades have outnumbered downgrades. 2 February 2018
Insurance
Miller has recruited two senior executives in Singapore to help drive growth in Asia – one from Ironshore and one from Howden. 2 February 2018
Insurance
A single claims agreement party model has been launched aiming to simplify how claims within the London market are handled. 1 February 2018
Insurance
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has acquired the renewal portfolio of Liberty Mutual Insurance’s US product recall and special contingency business. 1 February 2018
Insurance
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform, has launched Nordic-focused MGA Bridge Underwriting to begin underwriting in March. 1 February 2018
Insurance
Re/insurers are increasing their investments in the startup insurtech community and expanding their focus to invest in a broad range of technologies with potential applications to their core businesses, according to the fourth Quarterly InsurTech Briefing from Willis Towers Watson. 1 February 2018
Insurance
Re/insurer XL Catlin has hired a senior executive from Everest National Insurance for its global excess casualty insurance business. 1 February 2018
Insurance
US property/casualty insurer AmTrust Financial Services has partnered with several Israeli technology startups in order to automate and enhance business processes, according to a Feb. 1 press release. 1 February 2018
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