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Insurance
London-based managing general agent (MGA) Pen Underwriting has appointed Tom Downey as chief underwriting officer. 15 September 2017
Insurance
Bermuda-based Validus Holdings has reported net income for the second quarter of 2017 of $101.1 million, an increase on the $95 million it made in the second quarter of 2016. 28 July 2017
Insurance
The Hanover Insurance Group has promoted John Fowle to the role of chief executive officer (CEO) of Chaucer Syndicates, its international member company that underwrites business at Lloyd's of London. 21 February 2017
Insurance
London-based Lloyd's insurance broker Kinetic has appointed Ian Ashworth and Kieron Burrows to further develop its portfolio of broker accounts and binding authorities. 21 February 2017
Insurance
Trade credit insurers are expected to pay some £31 million to help firms in the supply chain recover from the collapse of UK construction company Carillion, according to the Association of British Insurers (ABI). 25 January 2018
Insurance
Everest Re Group has appointed Christian Colombera as head of financial lines for Everest Syndicate 2786.
He will report to the Syndicate’s active underwriter. 3 May 2016
News
Arch Reinsurance Company has appointed John Willemsen and Bill Hopkins as managing directors in its underwriting team in Morristown, New Jersey. 7 January 2016
Insurance
Profits at WR Berkley dipped in the third quarter mainly because of catastrophe losses totalling $119 million including $107 million related to Hurricanes Harvey, Irma and Maria, and the earthquakes in Mexico. But the company remained profitable and said it was pleased with its results. 25 October 2017
Insurance
US health insurer Anthem is appealing against the Department of Justice’s decision to block the proposed merger with its rival Cigna but analysts see little chance of success. Instead, Cigna may look for other potential acquisitions to grow. 13 February 2017
Insurance
Cincinnati Insurance Companies has renewed its Skyline Re catastrophe bond as a private placement and expanded its indemnity-based collateralised reinsurance coverage by raising $180 million with the help of JLT Capital Markets (JLTCM). 13 February 2017
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