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A $250 billion industry loss may be needed to turn the market after a combination of hurricanes, earthquakes and wildfires costing the insurance industry over $140 billion in 2017 resulted in only moderate rate increases, according to broker JLT. 3 September 2018
News
Munich Re Specialty Group (MRSG) of London has added former Aspen and XL Catlin executives to lead its underwriting team. 31 August 2018
Alternative Risk Transfer
Cyber is developing steadily: the ILS market has the potential to solve many of its challenges and Bermuda could sit at the heart of that solution. Tom Johansmeyer of PCS, Verisk Insurance Solutions, takes a look at a neglected period of time for the market. 30 August 2018
Insurance
Cyber risk analytics provider CyberCube has appointed Matthias Weber, the former group chief underwriting officer (CUO) of Swiss Re, to its board of directors. 29 August 2018
Insurance
Specialist re/insurance broker THB has announced new leadership and a new multi-sector strategy for THB UK Risk Solutions, its wholesale broking operation which places UK risks on behalf of brokers. 29 August 2018
Insurance
Alternative investment manager Apollo is paying $2.6 billion to buy Bermuda-based Aspen Insurance Holdings and take the insurer private in what is the latest development in a string of insurance deals. 28 August 2018
Insurance
Specialty re/insurer Argo Group International Holdings has appointed Marsh Duncan to serve as senior vice president US specialty programmes. 28 August 2018
Insurance
The Hartford is looking to expand the Navigators’ business after the acquisition in order to increase its profitability above the firms’ historic levels, executives explained in an Aug. 22 conference call. 23 August 2018
Insurance
Root Insurance, a car insurance startup that operates entirely via mobile technology, has raised $100 million in Series D funding, pushing the insurtech's valuation to $1 billion. 23 August 2018
Insurance
UK insurance intermediary Ardonagh group has lowered its losses in the first half of 2018 compared to the same period of 2017 while investing in the business. 23 August 2018
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