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Insurance
Claims handling firm Cunningham Lindsey has announced the creation of a new loss adjusting, audit and review and training hub, based in Miami, from which it plans to expand the support it can offer clients across Central and South America and the Caribbean. 8 September 2015
Insurance
Insurance assets for sale in the UK due to Solvency II and demand for acquisitions in Asia Pacific (APAC) are set to drive M&A activity in 2017, according to accounting and advisory firm KPMG. 17 March 2017
Insurance
New York-based property/casualty insurer AmTrust Financial Services has delayed its 2016 consolidated financial statements (10-K) and said that the company's 2014 and 2015 financial reports will be restated and should no longer be relied upon. 17 March 2017
News
The global reinsurance market is facing unfavourable conditions from a wide range of headwinds—and they could last much longer than many reinsurers feared, according to S&P Global Ratings. 11 September 2016
Insurance
The Texas Windstorm Insurance Association (TWIA) has transferred $262.7 million into the catastrophe reserve trust fund (CRTF). 7 April 2015
Insurance
AM Best has announced that the financial strength rating (FSR) of A+ (Superior) of Zurich Insurance and its rated affiliates are unchanged following the announcement that Zurich American Insurance Company (ZAIC), Zurich’S US non-life subsidiary, will acquire 100 percent of Rural Community Insurance Agency (RCIA) and its wholly owned subsidiary, Rural Community Insurance Company (RCIC), together known as Rural Community Insurance Services (RCIS). 23 December 2015
Insurance
The recent explosions and subsequent losses in Tianjin, China, will likely be one of the biggest man-made losses ever to have occurred in Asia. 4 September 2015
Insurance
A major global cyber-attack has the potential to trigger $53 billion of economic losses, roughly the equivalent to a catastrophic natural disaster like 2012’s Superstorm Sandy, according to a scenario described in new research by Lloyd’s and cyber risk analytics modelling firm Cyence. 17 July 2017
Insurance
The global reinsurance market is facing unfavourable conditions from a wide range of headwinds, according to rating agency Standard & Poor’s. 7 September 2016
Insurance
Rushed changes to the ultimate forward rate (UFR) could risk pushing insurers towards sub-optimal investment strategies, which could unnecessarily impact policyholders’ returns negatively, according to Insurance Europe, the European insurance and reinsurance federation. 18 July 2016
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