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UK regulation to split motor insurance liability

Intelligent Insurer News - 6 November, 2017 - 16:23
As the UK prepares for the introduction of automated vehicles, legislators are developing a new legal framework to clarify arising liability issues.

Lloyd's Probitas expands retail business with ProSight hire

Intelligent Insurer News - 6 November, 2017 - 15:21
Lloyd’s syndicate Probitas 1492 appointed Marcus Bale as head of strategy and development for retail as it moves ahead with its growth plans.

Berkshire Q3 results hit by $3bn nat cat losses

Intelligent Insurer News - 6 November, 2017 - 11:22
Berkshire Hathaway recorded an overall net loss from insurance underwriting of $1.44 billion in the third quarter of 2017 compared to a net income of $272 in the same period a year ago.

AIG expects double-digit P&C rate increases, $500m California wildfire hit

Intelligent Insurer News - 6 November, 2017 - 11:21
American International Group (AIG) expects double-digit rate increases across the property market while the costs of the California wildfires are estimated at around $500 million before taxes.

Advent Claims partners with Principia Underwriting

Intelligent Insurer News - 6 November, 2017 - 11:13
Advent Claims, the insurtech-led claims third party administrator (TPA) signed an agreement to administer all claims for Aquila Underwriting-backed managing general agent (MGA) Principia Underwriting.

Pioneer launches property E&S operation with new hire

Intelligent Insurer News - 6 November, 2017 - 11:02
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.

Lancashire faces rate increases from clients and retrocession

Intelligent Insurer News - 6 November, 2017 - 10:39
Bermuda-based specialty re/insurer Lancashire Holdings has decided against paying a special dividend in 2017 and instead to deploy the capital in a hardening market but analysts commented that the company also faces higher retrocession rates, Bernstein analysts wrote in a note.

Liberty appoints casualty reinsurance director from Munich Re

Intelligent Insurer News - 6 November, 2017 - 10:17
Specialty and commercial re/insurer Liberty Specialty Markets (LSM), part of part of Liberty Mutual Insurance, appointed Bruce Love as director of assumed reinsurance in its casualty treaty department.

Willis Towers Watson appoints head of P&C North Asia from AIG

Intelligent Insurer News - 6 November, 2017 - 10:00
Broker Willis Towers Watson appointed Evariste Yeung as head of property and casualty, North Asia.

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