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Insurance
Zurich Insurance Group has completed the acquisition of Australian travel insurer Cover-More Group in a A$741 million ($565 million) deal that expands its travel portfolio and positions Zurich as a top three global travel insurance provider. 13 April 2017
Insurance
The Banking Committee which will soon act on the US flood insurance reauthorization and reform National Flood Insurance Program (NFIP) should make meaningful reforms to the programme to ensure it is financially stable in the long-term, lobby group SmarterSafer said. 30 June 2017
Insurance
Aon Benfield, the global reinsurance intermediary, has appointed Martin Soto Quintus as chief executive officer (CEO) of its Chile operations. 7 June 2016
Alternative Risk Transfer
Nephila Capital has entered into a deal where, facilitated by wholesale broker Amwins, it will take a percentage share – believed to be 10 percent – share of select property insurance covers brokered through Amwins. 9 March 2015
Insurance
Standard & Poor's (S&P) has removed the ratings of Royal & Sun Alliance Insurance (RSA) from credit watch with positive implications after its pending deal with Zurich fell through. 23 September 2015
Insurance
Everest Re Group’s insurance subsidiary, Everest Security Insurance Company, has entered into a definitive agreement with Arrowhead General Insurance Agency, a subsidiary of Brown & Brown. 10 April 2013
Insurance
Bermuda-based Sirius International Insurance Group has entered into a three-year $300 million senior unsecured revolving credit facility through its indirectly wholly-owned subsidiary Sirius International Group. 12 February 2018
Insurance
This year a significant influx of re/insurers entered the Latin American market. Despite the unstable economic environment, the industry is taking advantage of the vast opportunities that this rapidly emerging market has to offer. Intelligent Insurer investigates. 17 December 2014
Insurance
Prior-year reserve releases, which have been supporting reinsurers’ profitability in the current soft market, are drying up at some reinsurers, which may help to increase rates, Munich Re chief financial officer Jörg Schneider. 9 May 2017
Insurance
The largest professional agricultural association in Spain will offer parametric insurance for a second year in a row through Lloyd’s coverholder Meteo Protect. The protection is designed to protect its 22,000 olive farmers from the financial consequences of extreme temperatures on their olive fields. 23 April 2018
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