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Updated: 1 hour 9 min ago

Retail and industrial lines prompt Hannover Re parent to raise 2017 outlook

14 August, 2017 - 09:31
Hannover Re parent Talanx said Aug. 14 that it is raising its outlook for group net income in 2017 to around €850 million from around €800 million after a jump in first-half earnings.

QBE appoints Chubb exec as new Malaysia CEO

11 August, 2017 - 10:50
Re/insurer QBE has appointed Chris Kurinsky as CEO of QBE Insurance (Malaysia) Berhad.

Schinnerer Group snaps up Lloyd's property MGA ICAT

11 August, 2017 - 10:49
The Schinnerer Group, underwriting managers of specialty insurance programmes, has entered into an agreement to acquire US-based International Catastrophe Insurance Managers (ICAT), an underwriter at Lloyd's, from the Paraline Group.

2017 hurricane season has potential to be 'extremely active'

11 August, 2017 - 10:42
Forecasters are predicting a higher likelihood of an above-normal hurricane season for 2017, and they increased the predicted number of named storms and major hurricanes, according to the National Oceanic and Atmospheric Administration (NOAA).

Alesco taps Willis Towers Watson energy specialist Choppen

11 August, 2017 - 10:23
Alesco Risk Management Services, a specialist insurance and risk management broker, is expanded its energy division with the appointment of Bob Choppen, formerly deputy managing director of energy at Willis Towers Watson.

Navigators names new leader of energy/engineering business

11 August, 2017 - 10:22
Specialty insurance holding Navigators Group has promoted Patrick Milner to president of NavTech, succeeding Stephen Coward, who retired at the end of July after more than 15 years with the company.

Victories in 831(b) cases would prompt IRS to target larger captives

11 August, 2017 - 10:19
The scrutiny that some types of captives – in particular 831(b)s – face from the IRS is unlikely to go away, and advisors must get smarter about how they educate clients, according to Anne Marie Towle, captive consulting practice leader at JLT Insurance Management.

Cannabis captives face inherent conflict at federal level

11 August, 2017 - 10:18
There is an inherent federal conflict that creates licensing problems for businesses in the recreational and medicinal cannabis industries looking to form a captive.

US captives are switching domiciles to avoid self-procurement taxes

11 August, 2017 - 10:17
With around 35 to 40 states having now passed some form of captive legislation, more captives are redomiciling to their home state, according to Bill Mourelatos, director of Aon Insurance Managers (Vermont).

Munich Re, Gen Re strike reinsurance deal with Australia’s AMP

11 August, 2017 - 08:53
Australian financial services firm AMP said on Aug. 10 that it completed a reinsurance program with Munich Reinsurance Company of Australasia (Munich Re) and General Reinsurance Life Australia (Gen Re).

Demand for general insurance set to slow in the UK

11 August, 2017 - 01:00
Demand for general insurance in the UK is set to weaken as household disposable income declines, according to the latest EY ITEM Club outlook for financial services.

India’s GIC Re plans international expansion, Lloyd's syndicate

10 August, 2017 - 15:46
India’s state reinsurer GIC Re which is planning to float on the stock exchange wants to grow the reinsurance business outside India to reach around 50 percent of its total gross premiums from currently 30.53 percent.

Novae poaches Beazley operations head for group COO position

10 August, 2017 - 15:19
Lloyd's insurer Novae Group has appointed Adam Cragg as group chief operating officer.

JLT Specialty hires Aon exec to build construction practice in US

10 August, 2017 - 14:50
JLT Specialty USA, a subsidiary of broker Jardine Lloyd Thompson Group, has appointed Andy O’Brien as a partner in its Boston office.

Prudential merges UK fund management with insurance unit

10 August, 2017 - 14:45
UK-based life insurance group Prudential said on Aug. 10 that it is merging its Prudential UK & Europe unit with its asset manager M&G to form a leading savings and investments business.

Endurance acquisition boosts Sompo’s results

10 August, 2017 - 13:43
The acquisition of Bermuda-based Endurance has lifted Sompo Holdings’ overseas profit between April and June 2017, helping to improve the consolidated results.

Agency captives can align interests of brokers and carriers

10 August, 2017 - 12:45
Agency captives can offer agents and brokers the opportunity to earn underwriting profits previously retained by the insurance carrier, and align the interests of the agent and carrier regarding risk selection, pricing and loss control.

Opaque nature of cyber risks makes captives managers wary

10 August, 2017 - 12:40
Companies looking to better utilise their captive to take on more risks such as cyber, need to adopt a risk-based approach and define an optimal risk financing strategy, according to Adam Peckman, global practice leader at Aon Risk Solutions.

Captive industry has boosted Vermont’s economy, says Governor Phil Scott

10 August, 2017 - 12:33
Since the introduction of the first captive bill in 1981, captive insurance has played an important role in supporting economic growth in the state of Vermont.

Life business helps Zurich to stabilize profits in H1

10 August, 2017 - 10:35
Zurich’s life business has enabled Zurich to post a stable operating profit in the first half of 2017, offsetting the impact caused by the UK’s personal injury Ogden rate change.


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