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Insurance
Grupo Mexicano de Seguros (GMX), the Mexican property/casualty insurer, has been upgraded by AM Best, partly because of improved underwriting practices and its reinsurance programme. 22 December 2016
Insurance
Six firms have been chosen as technology development partners on the so-called Pensions Dashboard, a project managed by the Association of British Insurers (ABI), which will create the first online service allowing people to see all their pension savings in one place. 22 December 2016
Insurance
AM Best has upgraded the financial strength rating of Arab Insurance Group (Arig) to A- (Excellent) from B++ (Good). The outlook of the rating has been revised to stable from positive. 22 December 2016
Insurance
The British Insurance Brokers’ Association (BIBA) has introduced a free online facility for its members that will help with due diligence if they choose to use unrated non-life insurers. 22 December 2016
Insurance
Andrew McKee, the chief executive officer of MS Amlin Underwriting at Lloyd's, is set to leave the company on Dec. 23. 21 December 2016
Insurance
S&P Global Ratings has placed Switzerland-based Allied World on CreditWatch with negative implications and AM Best has placed it under review with negative implications after the global specialty and property/casualty insurer agreed to a $4.9 billion acquisition by Canada’s Fairfax. 21 December 2016
Insurance
2016 has again been a benign year in terms of large catastrophe losses, but geopolitical developments have added new challenges to the sector. Intelligent Insurer asked executives from re/insurance firms including Swiss Re, Argo, AM Best and Willis Re for their opinions on the most important developments in the re/insurance industry in 2016. 21 December 2016
Insurance
Some of the pressures the re/insurance sector faced in 2016—low interest rates, uncertainties around Brexit and a soft market—are likely to persist in 2017. But some additional drivers are set to affect the performance of the sector, as described by executives from major players such as Markel, Swiss Re and Willis Re. 21 December 2016
Insurance
Bermuda-based holding company James River Group (JRG) has appointed Sarah Doran as its chief financial officer (CFO), effective January 16 next year. 20 December 2016
Insurance
The CEO of Canada-based Fairfax Financial has cited the influence of incoming US president Donald Trump as being a driver for it buying Allied World Assurance Company in a $4.9 billion deal announced December 19. 19 December 2016
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