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Premium rates are set to further decline in reinsurance throughout 2017 due to overcapacity and sluggish demand, according to Fitch Ratings. 16 May 2017
Insurance
Italian insurer Generali has appointed Jean-Laurent Granier as country manager for France and président directeur général (PDG) of Generali France with effect from June 1, 2017. 15 May 2017
News
Gen Re, a Berkshire Hathaway company, is the latest reinsurer to receive approval (R3 license) from the Insurance Regulation and Development Authority of India (IRDAI) to open a branch in Mumbai. 15 May 2017
Insurance
US-based global health service company Cigna Corporation has announced the termination of the merger agreement with insurer Anthem, demanding $15 billion damages but Anthem is unwilling to pay. 15 May 2017
Insurance
UK insurer Liverpool Victoria Friendly Society (LV=) has confirmed in a statement that it has recently received approaches from a number of parties regarding possible strategic transactions relating to its general insurance operations. 15 May 2017
Insurance
The retail international division and the property/casualty (P&C) reinsurance segment boosted growth of Hannover Re parent Talanx in the first quarter of 2017. 15 May 2017
Insurance
Major ransomware worm attacks such as the recent one dubbed ‘WannaCry’ which hit several organisations such as the UK’s health care system NHS and Spain’s telecoms firm Telefonica are expected to become more frequent and expose the protection gap in the global economy, according to experts. 15 May 2017
Insurance
Former DARAG CEO Arndt Gossmann and brokerage sales expert Gerd Meyer have resurfaced at composite insurer Schwarzmeer- und Ostseeversicherungs-AG (SOVAG) as the new members of its management board. 12 May 2017
Insurance
The Lloyd’s Market Association (LMA) and Association of British Insurers (ABI) have called for a major overhaul to the way personal injury discount rate is set, citing the existing framework as "fundamentally flawed". 12 May 2017
Insurance
German insurer Allianz has reported an increase in operating profit for the first quarter of 2017 despite a rise in large losses and a “higher than expected” charge from the UK’s Ogden personal injury discount rate change. 12 May 2017
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