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Swiss Re profits drop 91 percent on cat losses

Swiss Re's 2017 net profit dropped by 91 percent to an above-forecast $331mn, with the losses in the company's reinsurance and commercial insurance businesses largely offset by life earnings.

Bernard Goyder, 23 February 2018
Allianz plans Euler Hermes squeeze-out after building stake

Allianz said it would revive a plan to squeeze out Euler Hermes' remaining shareholders after further share buying left the free float at 4.7 percent.

Laura Board, 23 February 2018
Perils trims estimate for Doris to EUR248mn

Catastrophe-loss aggregator Perils has cut its estimate for extratropical cyclone Doris to EUR248mn ($305mn).

Laura Board, 23 February 2018
Trisura Specialty seals Allstar program deal

Hybrid US fronting carrier Trisura Specialty has put the first deal on its books with an agreement to provide its paper to Allstar Transportation's liability program business, The Insurance Insider can reveal.

David Bull, 23 February 2018
Chinese regulator takes control of Anbang

The Chinese insurance regulator has seized Anbang Insurance Group and revealed the company's former chairman is being prosecuted for "economic crime".

Bernard Goyder, 23 February 2018
CFC’s Newman rebuts Beale’s cyber attack

CFC chief innovation officer Graeme Newman has defended the progress made in the cyber insurance market following comments from Lloyd's CEO Inga Beale that the market was "frustratingly immature".

Catrin Shi, 23 February 2018
James River sees rising rates while bonus pool shrinks

James River CEO Robert Myron insisted to analysts today that the company’s future looks bright despite a “disappointing fourth quarter”, as rates in key lines are rising the most in a decade and one of its largest customers has already renewed its business ahead of a 1 March deadline.

Ted Bunker, 23 February 2018
XL Catlin promotes Thyme to emerging markets role

XL Catlin has selected Claudia Thyme as director of emerging markets development, the company said.

Bernard Goyder, 23 February 2018
CBL Insurance in liquidation in New Zealand

The New Zealand High Court has put CBL Insurance into liquidation at the request of the country's insurance regulator.

Bernard Goyder, 23 February 2018
MS Amlin pulls backing from Ortac MGA

MS Amlin has warned Ortac that it will withdraw capacity from the general aviation MGA, The Insurance Insider understands.

John Hewitt Jones, 23 February 2018

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