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Charman gains Sompo retail reins

Sompo Holdings has handed all its international retail operations to John Charman's Sompo International, the Japanese parent company said today.

Bernard Goyder, 10 April 2018
RKH Specialty recruits JLT Re’s Beatty as Asia CEO

Stuart Beatty is to move to RKH Specialty as Asia Pacific CEO, the Hyperion-owned broker said

Bernard Goyder, 10 April 2018
AIR teams with RenRe to build extreme liability model

Catastrophe modeller AIR Worldwide and RenaissanceRe have joined forces to develop a probabilistic model for extreme liability events and enhance the understanding of long-tail risks.

Sofia Geraghty, 10 April 2018
D&O pricing still lags behind claims trends: AM Best

Claims frequency involving directors-and-officers (D&O) liability coverage rose in 2017, but that trend has not led to firming prices, according to AM Best.

Anthony Baldo, 10 April 2018
Cost of terrorism coverage will likely rise: Marsh

Even though capacity remains strong, pricing for terrorism insurance may jump as the cost of coverage in general will increase because of catastrophe losses last year, predicts a study issued today by Marsh.

Anthony Baldo, 10 April 2018
Selective posts cat-loss setback ahead of Q1 results

Selective Insurance Group recorded $26mn in net pre-tax catastrophe losses in the first quarter, mainly from an early January blizzard that hit the US Northeast and several Nor’easters that struck the region last month.

Ted Bunker, 10 April 2018
Cost of terrorism coverage will likely rise: Marsh

Even though capacity remains strong, pricing for terrorism insurance may jump as the cost of coverage in general will increase because of catastrophe losses last year, predicts a study issued today by Marsh.

Anthony Baldo, 10 April 2018
Energy market braced for Papua New Guinea loss

The downstream energy market is staring down the barrel of a loss that could run to hundreds of millions of dollars after an earthquake in Papua New Guinea impacted a major energy project, The Insurance Insider understands.

Adam McNestrie, 09 April 2018
PRA funding needs to ease in current financial year

The Prudential Regulation Authority (PRA) said its annual funding requirement will fall by 9 percent to £244.6mn ($344.5mn) in its 2018/2019 financial year.

Laura Board, 09 April 2018
AmTrust International hires Garner as CFO

Scot Garner, head of strategy and innovation for Genworth Financial's mortgage insurance business in Australia, has agreed to join AmTrust International as CFO.

Charlie Thomas, 09 April 2018

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