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Insurance
Bermuda-based specialist insurer Hiscox has seen its pre-tax profit halve in the first six months of 2017 as foreign exchange rates impacted results. 31 July 2017
Insurance
Ratings agency S&P Global has lowered its long-term counterparty credit and senior unsecured debt ratings on Markel Corporation to 'BBB' from 'BBB+' following its recent M&A activity. The outlook is stable. 28 July 2017
Insurance
Lancashire Holdings has announced that it made a net operating profit of $30.9 million over the second quarter of 2017, an improvement over the $25.6 million it made in the same period of 2016. 27 July 2017
Insurance
With implementation of the European General Data Protection Regulation looming, companies could be faced with hefty penalties should they not meet the new data security demands. Many firms are unprepared but there is also the possibility the fines could be insured, meaning this is now a double-edged sword for insurers. Intelligent Insurer investigates. 27 July 2017
Insurance
Re/insurer SCOR had a profitable second quarter in 2017, which it attributes to a low amount of natural catastrophe losses. 27 July 2017
Insurance
Reinsurance broker Guy Carpenter has hired Tom Hettinger to lead its capital, structured risk, growth and rating agency advisory capabilities in the US and Canada. 17 July 2017
Insurance
American International Group (AIG) has appointed Seraina Macia as executive vice president and chief executive officer (CEO) of a new planned subsidiary that aims to transform the way that AIG delivers and underwrites commercial insurance. 13 July 2017
News
The financial strength ratings of Africa Re have been placed under review with negative implications by AM Best, which has cited concerns over the permanence of its capital structure. 13 July 2017
Insurance
US-based multi-line regional property/casualty insurer Kingstone Companies said on July 10 that its unit Kingstone Insurance Company (KICO) reached a reinsurance deal with increased coverage, improved terms, and a further reduction in exposure-adjusted reinsurance costs. 12 July 2017
Insurance
S&P Global Ratings has lowered the ratings on Switzerland-based Allied World which has been acquired by Canada-based Fairfax. 11 July 2017
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