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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
AM Best has removed from under review with negative implications and affirmed the financial strength ratings (FSR) of American International Group (AIG) and the majority of its insurance subsidiaries. 3 June 2016
Insurance
Gibraltar-based insurer Argus Insurance Company (Europe) has been awarded ‘Chartered Insurer’ status by The Chartered Insurance Institute (CII). 18 October 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
Insurance
JLT Specialty USA, a subsidiary of Jardine Lloyd Thompson Group, has appointed Mark Purdy as senior vice president to enhance its analytics and consulting practice. 8 June 2017
Insurance
AM Best has downgraded Kenya Reinsurance Corporation due to concerns over the effectiveness of its enterprise risk management (ERM) in the face of expected business growth and increasingly sophisticated competition. 21 February 2018
Insurance
General insurer Insurance Australia Group (IAG) has said that it has increased its loss reserves in relation to the 2010 and 2011 Canterbury earthquakes by NZ$950 million ($713.6 million). 19 February 2015
Insurance
Specialist insurer Tokio Marine HCC has appointed Chris Christou as business development manager covering London and the South East of England. 15 February 2017
Insurance
Lloyd’s accredited Pioneer Underwriters has launched a new property excess and surplus (E&S) and hired David Phillips to lead the team based in Alpharetta, Georgia. 6 November 2017
Insurance
Insurance broker Marsh has appointed Jim Holtzclaw as senior vice president of cybersecurity consulting and advisory services at Marsh Risk Consulting (MRC). 24 December 2015
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