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Tryg to acquire Alka Forsikring in $1.3bn deal

Danish insurer Tryg is to buy private lines-focused peer Alka Forsikring for 8.2bn Danish kroner ($1.3bn) in a deal which will give the acquirer more than a fifth of the local market.

Bernard Goyder, 04 December 2017
Coastal Marine targets Singapore launch in 2018

Coastal Marine, the Hong Kong-based small tonnage hull specialist MGA, is to revive its Singapore launch plans in 2018, according to chief underwriting officer Mark Stevens.

Charlie Thomas, 04 December 2017
Arch concludes $100mn depositary share sale

Arch closed a $100.6mn depositary share sale today to generate funds to buy back preferred stock.

Ted Bunker, 02 December 2017
Flood risk seen for 29mn parcels outside Fema zones

A persistent gap between flood-damaged homes and businesses that are insured against the risk and total property losses from such events may be partly explained by new data showing that 23 percent of at-risk properties lie outside designated US flood hazard areas.

Ted Bunker, 02 December 2017
Bermuda reinsurers targeted in Senate tax bill: analyst

Tax reforms that threaten to undermine the economics of the reinsurance industry are likely to remain part of a sweeping Internal Revenue Code overhaul.

Ted Bunker, 01 December 2017
High Court finds Morrisons liable for staff data breach

UK food retailer Morrisons has been found liable for a data breach caused when an employee leaked staff information, the High Court has ruled.

Bernard Goyder, 01 December 2017
Opinion: Lurking liability losses

Identifying "the next asbestos" has long been a worthy obsession of the insurance industry.

David Bull, 01 December 2017
Aon adds Unidelta to European portfolio

Aon has made a further European acquisition with the purchase of Swiss brokerage Unidelta AG for an undisclosed sum.

John Hewitt Jones, 01 December 2017
Wildee to take up Oman Insurance role

Energy market veteran Chris Wildee is set to make a return in a senior underwriting role at Oman Insurance, The Insurance Insider can reveal.

John Hewitt Jones, 01 December 2017
Mapfre faces EUR1.1bn gross cat bill as it cuts US presence

Spanish (re)insurer Mapfre pegged gross third quarter cat claims in North America and the Caribbean at EUR1.1bn ($1.3bn) as it announced a geographic revamp including a retreat from five US states.

Laura Board, 01 December 2017

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