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SCOR opens P&C representative office in Kenya, names head
Following regulatory approval, French reinsurer SCOR said on Aug. 24 that it is opening a SCOR Global P&C SE representative office in Nairobi, Kenya.   24 August 2017
Insurance
UK non-life insurers to raise premiums to offset claims inflation
UK non-life insurers are set to increase motor and household premiums to counteract claims inflation, Fitch Ratings said on Aug. 24.   24 August 2017
News
AXIS Capital partners with start-up Plug and Play to boost innovation
Bermuda-based specialty re/insurer AXIS Capital Holdings said on Aug. 24 that it has partnered with digital start-up Plug and Play to boost digital innovation.   24 August 2017
Insurance
Fairfax and Mitsui Sumitomo partnership will extend to reinsurance buying
Fairfax Financial and Mitsui Sumitomo Insurance Company have unveiled a global strategic alliance that revolves around the latter buying the majority of Singapore-based First Capital Insurance from Fairfax but which also has wider implications for the way the two companies manage their reinsurance buying.   24 August 2017
News
AXIS Re poaches Swiss Re professional liability specialist
AXIS Re, part of AXIS Capital, has poached a professional liability reinsurance specialist from Swiss Re.   24 August 2017
Insurance
Talbot Underwriting adds legal expertise to its board
Talbot Underwriting, a subsidiary of Validus Holdings, has hired an experienced lawyer as a non-executive director of its board of directors.   22 August 2017
News
Bermuda regulator explains why it should not be blacklisted by the EU
Bermuda has been sent a questionnaire by the EU which could potentially result in the jurisdiction being defined as a tax haven with negative consequences for its re/insurance industry, but the country’s Ministry of Finance explained to Intelligent Insurer why such a scenario would not be justified.   22 August 2017
Insurance
Lower underwriting profit weighs on Dubai’s International General Insurance's H1 results
A drop in underwriting profit and a deterioration of the combined ratio have made net profit at Dubai-based International General Insurance Holdings (IGIH) decline in the first six months of 2017.   21 August 2017
Insurance
A Hurricane Andrew repeat would cost $56bn in the US: AIR
If Hurricane Andrew were to recur today the expected total industry insured losses, based on today's exposures, would be approximately $56 billion in the US, catastrophe risk modelling firm AIR Worldwide said on Aug. 21.   21 August 2017
Insurance
Willis Towers Watson announces new chief financial officer
Broker Willis Towers Watson said on Aug. 21 that Michael Burwell has become its new chief financial officer (CFO).   21 August 2017

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