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French reinsurer SCOR has come out relatively unscathed from the record nat cat losses in the third quarter and is expected to be in a good position to take advantage of rising rates in the impacted region. 13 December 2017
Alternative Risk Transfer
Specialty re/insurer Brit is launching a new Bermuda-domiciled collateralised reinsurance platform, Sussex Capital, and has appointed former Axis Re CEO Jay Nichols to join its board. 13 December 2017
Insurance
Zurich Insurance Group has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia for $2.14 billion (AUD 2.85 billion) to become the country’s largest retail life insurer. 12 December 2017
Insurance
RenaissanceRe Holdings and Validus Holdings registered the highest combined ratios in the first nine months of 2017, according to Fitch Ratings. 12 December 2017
Insurance
German insurance group Talanx has coordinated €832 million of senior bond financing to the Borkum Riffgrund 2 offshore wind farm to boost yields in the current low-interest rate environment. 12 December 2017
Insurance
Insurtech firm Quantemplate has received £2.5 million of new capital to accelerate its expansion plans while appointing David Lundgren as CEO and board director. 12 December 2017
Insurance
Sompo Holdings plans to grow its business organically and through acquisitions in order to become a top 10 global insurance group in terms of earnings and return on equity (ROE) after 2020. 12 December 2017
Insurance
The Hartford, a US-based property/casualty insurer, has appointed Stephanie Bush to lead personal lines, replacing Ray Sprague, who is retiring after a 30-year career with the company. 12 December 2017
Insurance
Commercial insurance prices were nearly flat during the third quarter of 2017, according to Willis Towers Watson’s most recent Commercial Lines Insurance Pricing Survey (CLIPS). 11 December 2017
Insurance
Bermuda-based re/insurer Validus Holdings has made several leadership appointments, reflecting an organisational change that results in three new reportable segments - reinsurance, insurance and asset management. 11 December 2017
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