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Insurance
The levels of severe weather that has hit the US Midwest so far this year are more than double their respective 2005-2015 averages, according to the records of the National Oceanic and Atmospheric Administration’s (NOAA) Storm Prediction Center. 9 March 2017
Insurance
Profits at UK insurer Aviva where hit hard by a £380 million after-tax charge due to the reduction in the Ogden discount rate, the mechanism insurers use to calculate future losses in personal injury and accident cases. But the company stressed that its overall performance was very positive. 9 March 2017
Insurance
Atlanta-based Crawford & Company, a provider of claims management solutions, has appointed Joseph Blanco as senior vice president and general counsel. He was serving as the company's interim general counsel since September 2016. 9 March 2017
Insurance
American International Group (AIG) has announced its plan to locate an insurance company in Luxembourg to write business across the European Economic Area (EEA) and Switzerland once the UK leaves the European Union. 8 March 2017
Insurance
Insurers have welcomed the investments included in Chancellor Philip Hammond’s Spring Budget announced today,March 8, 2017, but the Insurance Premium Tax remains an issue for the industry. 8 March 2017
Insurance
Hong Kong is losing re/insurance business particularly to Singapore and hopes for growth in ILS (insurance-linked securities). 8 March 2017
Insurance
Life and general insurance provider Legal & General has recorded a 12 percent rise in operating profit in 2016, but the insurance division stagnated during the period. 8 March 2017
Insurance
CFC Underwriting, a Lloyd's managing general agent (MGA), has launched a new cyber incident response application for policyholders to notify claims and get specialist support. 6 March 2017
Insurance
A new EU framework on recovery and resolution for insurers is not required, because Solvency II already provides strong safeguards. However, a degree of convergence on certain issues may be beneficial, according to Insurance Europe, the European insurance and reinsurance federation. 6 March 2017
Insurance
In what has been a frantic period of M&A activity for insurers and reinsurers in recent years, companies from China and Japan have played a prominent role. As they seek overseas growth for very different reasons, Intelligent Insurer explores what is driving these aggressive acquisition strategies and the cultural challenges that will gradually emerge. 6 March 2017
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