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Ogden pushes up Esure motor renewal by 33%

The motor reinsurance bill at UK-listed motor specialist Esure rose by a third in 2017, driven by changes to the UK's Ogden discount rate, the company said in its full-year results announcement.

Charlie Thomas, 07 March 2018
AM Best and Moody’s put XL ratings under review

AM Best and Moody's have placed XL Group and subsidiaries under review after Monday's announcement that Axa intends to acquire XL Group for $15.3bn.

Charlie Thomas, 07 March 2018
Hub acquires Massachusetts agency TYG

Hub International added to its New England insurance group by buying Rubino Enterprises, which is also known as TYG Insurance, the acquisitive Chicago-based broker said today.

Ted Bunker, 07 March 2018
HCI Group rebounds in cat-free fourth quarter

HCI Group bounced back to an underwriting gain in the fourth quarter compared with the catastrophe hit year-earlier period, and the carrier’s combined ratio improved dramatically.

Ted Bunker, 07 March 2018
Axa ratings put on watch for cut by Moody's, S&P and Fitch

Axa's ratings have been placed under review with negative implications by Moody's, S&P Global Ratings and Fitch Ratings on the heels of the carrier's deal to buy XL Group for $15.3bn.

Laura Board, 07 March 2018
Greenlight Re sets up tech innovation unit

Greenlight Re has created an innovation unit headed by COO Michael Belfatti, the company said today.

Rachel Dalton, 06 March 2018
Vig Re plans Belgrade office as it trims board

Vig Re has announced plans to launch a new foreign operations unit to coordinate the back-office operations in current and planned branch offices.

Charlie Thomas, 06 March 2018
Ex-GCHQ chief calls for brokers to help map cyber risk

Insurance brokers must play a more direct role in helping financial institutions and energy companies map and quantify cyber risk, a former director of the UK security agency GCHQ has said.

John Hewitt Jones, 06 March 2018
Exin hunting reinsurance deal as it gets Ethniki reprieve

Matt Fairfield's Exin has started to approach life run-off players as it looks to secure the capital to fund the EUR718mn ($884mn) acquisition of Ethniki via a back-to-back legacy transaction, The Insurance Insider understands.

Adam McNestrie, 06 March 2018
Analysts agnostic on Axa deal after share price 'tantrum'

Analysts have said Axa could achieve its strategic objectives by purchasing XL Group, but warned that investors would need convincing following yesterday's "tantrum".

Rachel Dalton, 06 March 2018

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