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The overall impact of catastrophe losses on property rates was muted at the January 1, 2019 reinsurance renewals, according to Guy Carpenter. 14 January 2019
Insurance
Bermuda-based run-off specialist Premia Holdings has acquired an Illinois-based property/casualty insurer that was being managed by the Illinois Department of Insurance after being placed into rehabilitation in 2017. 11 January 2019
Insurance
A group of Europe’s largest reinsurers, the Insurance Europe Reinsurance Advisory Board (RAB), has published an overview of the benefits of insurers’ use of internal models, essentially making the case for their use. 10 January 2019
Alternative Risk Transfer
A combination of losses in 2018, capital still trapped in relation to 2017 events and a lack of new capacity entering the market, will likely lead to a hardening of the pricing of ILS deals and higher prices in the retro market in 2019. 10 January 2019
Insurance
Specialty re/insurer MS Amlin has increased its protection and indemnity (P&I) capacity for 2019. 10 January 2019
Insurance
Broker Willis Towers Watson has appointed Simon Weaver as new head of Australasia, replacing Andrew Boal who has resigned after 27 years at the company. 10 January 2019
Insurance
Insurer MetLife has appointed Michel Khalaf to succeed Steven Kandarian as its president and chief executive officer (CEO) on May 1, 2019. 9 January 2019
News
Speciality re/insurer Brit owned by Fairfax Financial Holdings has made a significant investment in Sutton Special Risk, a managing general underwriter (MGU) specialising in accident & health business, in a deal that offers Brit exposure to more business in the US and Canada. 8 January 2019
Insurance
Howden, part of Hyperion Insurance Group, has agreed to acquire UK employee benefits health and protection consultancy, Punter Southall Health and Protection Holdings and its trading subsidiaries: Punter Southall Health and Protection, Red Arc Assured and Risk Policy Administration. 7 January 2019
Insurance
Compre, the independent legacy acquirer, has appointed Simon Hawkins as chief financial officer. 7 January 2019
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