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TransRe invests in parametric insurance specialist
Insurance
New York-headquartered Transatlantic Holdings (TransRe) has invested in New Paradigm Group, a developer of parametric insurance and risk transfer solutions.   13 November 2018
Insurance
Mitsui Sumitomo Insurance Group’s Lloyd’s operation has appointed Avraam Avraam, formerly of QBE, to the newly created role of class underwriter for the company’s growing healthcare class.   29 May 2014
Zurich makes $0.4bn Adira acquisition, becomes largest foreign P&C insurer in Indonesia
Insurance
Zurich Insurance Group is acquiring 80 percent of PT Asuransi Adira Dinamika (Adira Insurance), a property and casualty (P&C) insurer in Indonesia, from PT Bank Danamon Indonesia and a minority investor.   27 September 2018
Insurance
US-based insurtech Slice Labs, which offers cloud-based on-demand insurance, has raised an additional $20 million in Series A funding to further expand its offering on a global scale.   27 September 2018
Insurance
Specialty insurance holding Navigators Group has appointed Guillaume Déal as managing director of Continental Europe, as the company looks to expand its portfolio in the region.   30 March 2017
Insurance
Bermuda-based Aspen Insurance Holdings expects to increase carried reserves for impacted lines of business by approximately $30 million on a pre-tax basis in the first quarter of 2017 as a result of the change in the Ogden rate in the UK.   30 March 2017
Insurance
Insurance firm Liberty Mutual has appointed Jeff Duncan senior vice president and chief underwriting officer of its operation focused on helping healthcare providers and the brokers who support them better manage the total cost of risk.   30 March 2017
Insurance
Tokio Marine Group has revealed its plan to set up an insurance company in Luxembourg for writing European business after Brexit.   6 September 2017
News
Korean Reinsurance Company is set to establish a subsidiary in Switzerland, according to AM Best’s Jan. 16 Asia-Pacific newsletter.   16 January 2018
Insurance
The US domestic professional surplus lines (DPSL) insurers posted a combined ratio of 107.8 percent in 2016, its highest in 10 years excluding 2012 which was impacted by Superstorm Sandy, AM Best said in a Sept. 5 report.   5 September 2017

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