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Insurance
Marine cargo insurers face reduced premium due to difficult market conditions
A strong US dollar and falling cargo values are the main reasons for the 9 percent reduction in global cargo premiums from 2014 to 2015, according to Nick Derrick, cargo committee chairman for the International Union of Marine Insurance (IUMI).   21 September 2016
Insurance
MUM CEO named as board director of MGAA
The Managing General Agents’ Association (MGAA) has elected Charles Manchester, chief executive officer of Manchester Underwriting Management (MUM), as a new board director.   3 March 2016
Insurance
Allianz reshuffles AGCS board as Scheffel retires
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) is making changes to its management board as chief regions and markets officer, Carsten Scheffel retires at the end of June, 2018.   18 December 2017
Insurance
ANV appoints head for new non-marine line
ANV Holdings has appointed a head underwriter to lead its new excess non-marine liability line.   17 October 2014
Insurance
Brit’s profit rises in 2016 despite rate deterioration
Specialty re/insurer Brit reported a profit after tax of $157.6 million compared to $15.6 million in 2015 despite experiencing further rate deterioration.   17 February 2017
Insurance
Up to 40% of some insurers’ revenues at risk from insurtech
Between 30 percent and 40 percent of some insurers’ revenues are at risk from the threat being created by Insurtech embracing technological innovations including data, robotics and artificial intelligence (AI), according to Paul Williams, executive chairman of insurtech company JRW Group.   4 July 2017
Insurance
Insurers must reduce risks to customers’ data, claims start-up founder
Matt Hodges-Long, founder of insurtech start-up TrackMyRisks, has warned insurers to stop sending email attachments and start sharing information with their customers instead.   26 September 2017
News
JLT acquires Towers Watson’s reinsurance business
Jardine Lloyd Thompson Group (JLT) will acquire the reinsurance brokerage business of Towers Watson for a cash consideration of $250 million (£156 million).   20 September 2013
News
JLT exec to head Amlin’s Miami reinsurance office
British insurer Amlin has appointed Louis de Segonzac, previously the managing director of JLT Re Miami, to lead its Miami-based underwriting activities.   14 October 2014
Insurance
Capital markets a hot topic at EAIC
The continued softening of the reinsurance market and the entrance of the capital markets into the Asian reinsurance sector will be the main topics of conversation at this year’s EAIC, according to Britt Newhouse, chairman of Guy Carpenter.   3 November 2014

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