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  • The team behind telematics MGA Insure the Box are planning to launch a new insurance vehicle with its own balance sheet that will initially target the UK motor market, The Insurance Insider can reveal.
  • Chubb has struck a strategic cooperation deal with PICC P&C Company of China to take advantage of the Chinese government's "Going Out" and "One Belt One Road" initiatives
  • Expansive homeowners' insurer Heritage Insurance Holdings has secured regulatory approval from the insurance division of the Rhode Island department of business regulation to proceed with its acquisition of NBIC Holdings, the parent company of Narragansett Bay Insurance Company.
  • A US unit of global insurer QBE must pay a $750,000 fine to New York State after regulators said the carrier failed to follow rules covering certain types of group policies it sold to dozens of post-secondary schools.
  • Catastrophe data company Perils has estimated that Ophelia, a freak Atlantic cyclone that smashed into Ireland on 16 and 17 October, will cost carriers EUR60.0mn ($71.6mn)
  • business under the banner of Ergo International Corporate Solutions (EICS), the carrier has said
  • Reports that Amazon is recruiting for a product manager to expand its insurance offering have triggered a number of scaremongering headlines in some corners of the press over the past few weeks
  • Brit has appointed Scott Brock as president of its new specialty platform Scion Underwriting Managers.
  • Allianz plans to buy up the outstanding shares in trade credit insurer Euler Hermes and delist the company after a tender offer valuing the entire stock at about EUR5.2bn ($6.2bn).
  • Cyber underwriter Alex Jomaa, who was voted the top underwriter in the market for two years running in The Insurance Insider's cyber rankings, has resigned from CFC Underwriting, this publication understands.