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Insurance
Catastrophe losses from the recent US hurricanes and Mexican earthquakes will lead to price rises on London Market insurers' loss-affected lines and could also affect wider market pricing trends, Fitch Ratings said in an Oct. 12 statement. 13 October 2017
Insurance
S&P Global Ratings said on Oct. 12 that it revised its outlook for Lloyd's to negative from stable. 12 October 2017
Insurance
Ratings agency AM Best has appointed Riccardo Ciccozzi as director of market development, Europe, as part of its strategic growth initiative in Continental Europe. 12 October 2017
Insurance
The hedge fund reinsurance model has had plenty of critics but Greenlight Re is still going, still growing and proving them wrong, as Brendan Barry, chief underwriting officer, of Greenlight Re, tells Intelligent Insurer. 10 October 2017
Insurance
Generali's new strategy for its German operations reinforces the expectation that the volume of German life insurance portfolios in run-off will increase significantly over the next five years, according to an Oct. 9 Fitch statement. 9 October 2017
Reinsurance
SCOR said on Oct. 9 that Hurricanes Harvey, Irma and Maria, as well as the Mexico earthquakes, will cost the company €430 million net of retrocession and tax for the third quarter of 2017. 9 October 2017
Insurance
Lloyd’s of London faces a pre-tax loss in 2017 due to the hurricanes that struck North America in the third quarter, according to Moody’s. 5 October 2017
Insurance
AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating of A (Excellent) of Atlantic Specialty Insurance Company and its rated affiliates. Collectively, these companies are referred to as OneBeacon Insurance Group. 3 October 2017
News
As Congress mulls the fate of the National Flood Insurance Program post hurricanes Harvey and Irma, Intelligent Insurer examines the problems facing the programme and some potential solutions that could involve the private sector. 28 September 2017
Insurance
The top three challenges facing London market are the ongoing soft market conditions, Brexit and regulatory compliance, according to an International Underwriting Association survey. 28 September 2017
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