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Insurance
Buyers again achieved better terms in year-end renewals
Pricing stabilisation will remain a major challenge for re/insurers and many buyers managed to improve terms and pricing in the year-end renewals, according to the latest 1st View Renewals Report from Willis Re.   3 January 2017
Insurance
New Polar Code to help underwriters writing marine risk in polar waters
A new Polar Code, a code of practice for ships operating in the Arctic and Antarctic which came into force on 1 January 2017, will provide critical risk mitigation directives and support to underwriters writing marine risk in polar waters, according to the International Union of Marine Insurance (IUMI).   3 January 2017
Insurance
Markel hires head of cargo from XL Catlin
Specialist insurer Markel International has appointed Ryan Godfrey as senior underwriter and head of the cargo team within its marine, energy and property division.   3 January 2017
Insurance
Cunningham Lindsey launches first Japan office; names head
Claims management firm Cunningham Lindsey has opened an office in Tokyo, and appointed Yutaka Tada to lead and manage the firms’ operations in Japan.   3 January 2017
Insurance
Judging M&A: what an analysis of share prices can show post a deal
Based on historic trends, insurers engaging in M&A are increasingly outperforming their competitors in terms of share price development, according to a report published by Willis Towers Watson, in collaboration with Cass Business School and Mergermarket: Measuring the correlation between acquisitions and share price performance.   30 December 2016
Insurance
Wake-up call: higher cat losses a warning, say reinsurance execs in 2016 look back
The higher levels of catastrophe losses in 2016 could represent something of a wake-up call for the re/insurance industry after a number of years of benign loss activity – especially against a backdrop of a continued soft market in most lines of business, according to a number of senior executives interviewed by Intelligent Insurer.   30 December 2016
Insurance
Re/insurance executives fear large losses will hit 2017 profitability
As the re/insurance sector faces another year of soft pricing environment in 2017, market participants fear that large losses could significantly hit profits, which have been protected by the benign cat environment in recent years.   27 December 2016
Insurance
Liberty Mutual’s Limestone Re heralds a return to leveraging third-party capacity
Liberty Mutual Insurance has launched a new capital markets platform that will initially leverage the newly-formed Bermuda-based Limestone Re to offer the insurer easy access to fully-collateralised third-party reinsurance capacity.   22 December 2016
Insurance
Arab Insurance Group upgraded by AM Best; praises improved performance
AM Best has upgraded the financial strength rating of Arab Insurance Group (Arig) to A- (Excellent) from B++ (Good). The outlook of the rating has been revised to stable from positive.   22 December 2016
Insurance
Tokio Marine Kiln’s Tom Hoad on how to be open for business around the clock
Tokio Marine Kiln has created a digital platform which allows it to service demand for insurance any time and on demand, explains Tom Hoad, head of innovation at the company. The benefits of the platform include the fact that it delivers a very clean dataset which can be analysed for better risk insight, he notes.   22 December 2016

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