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Insurance
The Chartered Insurance Institute (CII) has appointed Matthew Connell to the newly-created role of director of policy and engagement. 15 March 2017
Insurance
The supervisory board of Dutch insurer NN Group has reappointed Lard Friese as chief executive officer (CEO) for another four-year term. He will also be reinstated as the chairman of group's executive board. 15 March 2017
Insurance
Allianz Global Corporate and Specialty (AGCS) has promoted Emy Donavan to lead its cyber insurance business, succeeding Nigel Pearson who has left the company to pursue other opportunities. 14 March 2017
Insurance
Cape, a UK-based manufacturer of industrial materials, has agreed to pay a £52.5 million product liability settlement to three insurers relating to litigation over the carriers' historic employers' liability exposures, however, Cape has not admitted any liability, describing the settlement as "removing the distraction of a likely protracted appeals process". 14 March 2017
Insurance
The US Senate Banking, Housing and Urban Affairs Committee will today (Tuesday March 14) hold a hearing designed to examine how the National Flood Insurance Program (NFIP) can be reformed. 14 March 2017
Awards
Most (84 percent) of participants in an Intelligent Insurer survey want the way the personal injury Ogden discount rate is being calculated in the UK to change. 13 March 2017
Insurance
Berkshire Hathaway should buy insurance giant AIG, which has recorded a $3 billion loss for the fourth quarter of 2016, prompting the CEO to resign, analysts at Keefe, Bruyette & Woods (KBW) suggested in a March 10 research note. 13 March 2017
Insurance
Canada-based property and casualty re/insurer Fairfax Financial, which is set to acquire Allied World Assurance Company in a $4.9 billion deal, has increased the cash consideration component to $28.00 per share, including $5.00 in special dividend to be paid to Allied World as part of the transaction. 13 March 2017
Insurance
Germany-based legal expenses insurance provider ARAG has criticized the Association of British Insurers (ABI) for the way it responded to the UK’s personal injury discount (Ogden) rate decision. 10 March 2017
Insurance
Florida-based property/casualty broker AssuredPartners has entered into an agreement to purchase US insurance brokerage firm Keenan & Associates. 10 March 2017
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