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Markel CatCo board recommends run-off as future in question
Alternative Risk Transfer
The future of Markel CatCo looked less certain today as the company’s board said it would “recommend an orderly run-off” of the firm's portfolios.   1 March 2019
Insurance
XL Group hopes that being owned by AXA will help open up new markets for its specialty products, Gregory Hendrick, XL president, property & casualty, said on a March 5 presentation on the deal.   5 March 2018
Insurance
California-based cyber insurance start-up At-Bay has secured a $13 million Series A funding.   14 May 2018
Insurance
Japan’s property/casualty insurer Tokio Marine is looking for acquisitions in Asia with a $9 billion war chest as potential deals in Europe and the US become expensive, Reuters reported citing CEO Tsuyoshi Nagano.   26 June 2018
Insurance
UK-based Folgate Insurance Company has received approval from the Prudential Regulation Authority (PRA) to once again start writing primary insurance and reinsurance business.   27 June 2018
Insurance
A joint investigation by the California Department of Insurance and US Immigration and Customs Enforcement's Homeland Security Investigations has resulted in an alleged $1.9 million scam where the suspects submitted fraudulent life insurance applications to take advance commissions from insurance companies.   23 March 2018
Insurance
Insurers increasingly want their reinsurance to potentially give them a competitive advantage—and they expect their reinsurance brokers to innovate to achieve this, Mike Schnur, partner, TigerRisk Partners, told PCI Today.   29 October 2018
Insurance
Willis Towers Watson has appointed Patrick Murphy as global head of cargo and specie, within its marine, corporate risk and broking division.   10 January 2018
Insurance
The board of the Argo Group has described a letter by Voce Capital Management, a shareholder in the company, which heavily criticises Argo’s performance and leadership, as misleading, inaccurate and a “personal attack” on its chief executive Mark Watson III.   26 February 2019
Insurance
Specialist insurer Beazley has launched a new consortium at Lloyd’s of London to provide increased capacity for US wage & hour risks.   26 July 2018

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