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Insurance
Europe’s insurers paid out a total of €975 billion in claims and benefits over the course of 2015, the equivalent of €2.7 billion per day, according to Insurance Europe, the European insurance and reinsurance federation. 20 December 2016
Insurance
XL Catlin’s insurance operation in Iberia has enhanced its directors and officers (D&O) insurance solution for non-profit organizations (NPOs) and non-governmental organizations (NGOs). 20 December 2016
Insurance
Although the German motor insurance market has seen a hard cycle of rising prices since 2011, it does not expect to see a rapid return to a soft cycle, S&P Global Ratings has said in a report. 20 December 2016
Insurance
Acappella Group, the UK-based holding company funded by Willis and Ironshore, has appointed Liz Hanlon and Paul Russell to join its managing general agent (MGA) platform AAL. 20 December 2016
Insurance
Bermuda-based Aspen Insurance Holdings has appointed Richard Thornton to the newly-created position of group chief operating officer (COO). 19 December 2016
News
Kaj Ahlmann, the managing director and global head of insurance strategy at Deutsche Asset Management and formerly the chief executive of Employers Re, part of GE, will retire from his current role at the end of the year – to focus on making and selling wine. 16 December 2016
Insurance
Insurance Europe, the European re/insurance federation, has said it feels the industry came through Solvency II stress tests carried out by the European Insurance and Occupational Pensions Authority (EIOPA) very well and is baffled by why EIOPA has made such a long list of recommendations following the tests. 16 December 2016
Insurance
Specialist re/insurance broker Miller has appointed Tiziano Migliorino as an executive associate with a broking and business production role in its professional lines capabilities, based in London. 16 December 2016
Insurance
Sun Life Financial (SLF) has appointed Stephanie Coyles and Greig Woodring to its board of directors, effective January next year. 16 December 2016
News
Hannover Re parent Talanx has welcomed the decision of the US Federal Reserve to increase its key interest rate calling it a step towards the normalisation of monetary policy conditions for capital markets and suggesting that the European Central Bank (ECB) may follow suit. 15 December 2016
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