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Insurance
A subsidiary of Enstar Group has completed a transaction to reinsure the US multi-line property/casualty business of QBE Insurance Group. The company has obtained the regulatory approval. 12 January 2017
Alternative Risk Transfer
Increased competition fuelled by third-party capital is causing premiums to decline, threatening reinsurers’ competitive positions. One consequence of this could be that some players struggle to maintain their financial strength ratings. 15 August 2014
News
Unnecessary interference by governments is the biggest threat facing managing general agents, and the wider insurance sector. 9 February 2012
Insurance
The administrator of New Zealand-based CBLC, the ultimate parent of CBL group of Companies (CBL group), has recommended the liquidation of the re/insurance company. 15 May 2018
Insurance
Chaucer, an insurance group underwriting at Lloyd's, has launched a Dublin-based subsidiary to write international specialty re/insurance business, after receiving approval from the Central Bank of Ireland. 21 June 2017
Insurance
US President Obama’s reinsurance tax proposals could damage the US economy, according to a study by Arthur Laffer, a former member of Reagan’s economic policy advisory board. 19 May 2015
Insurance
Arthur J. Gallagher has acquired managing general agent and wholesale insurance broker Cowles & Connell based in Brewster, New York and Meriden, Connecticut. 12 August 2014
Insurance
With the growing size of container vessels, and a recent spate of fires on board of these ships, the International Union of Marine Insurance (IUMI) is concerned that current firefighting provisions are insufficient. 19 September 2017
Insurance
Chubb’s net profits soared in the third quarter reaching $1.2 billion in the period compared with a net loss of $70 million in the same period a year earlier, when it was hit by multiple natural catastrophes. Its combined ratio for the period was 90.9 percent compared with 110.8 percent in the same period a year earlier. 24 October 2018
Insurance
Macro sector trends such as rising yields and claims inflation will form the background for the next phase the re/insurance markets will enter, David Flandro, global head of analytics at JLT Re, told Baden-Baden Today. 24 October 2018
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