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AmTrust falls after booking $327mn reserve charge

AmTrust fell 5.2 percent in New York trading today after the company posted a third quarter reserve charge of $327mn late yesterday.

Ted Bunker, 07 November 2017
PCS pegs California wildfire loss toll at $7.3bn

Data provider Property Claims Services (PCS) has issued an initial insured loss number of $7.32bn for the California wildfires, The Insurance Insider can reveal.

Adam McNestrie, 07 November 2017
Zurich confirms German med-mal legacy deal

Zurich today confirmed it has entered an agreement with Catalina on transferring its German legacy medical malpractice book

Catrin Shi, 07 November 2017
UK lawmakers’ Solvency II wish list exceeds PRA proposals

An influential UK parliamentary committee report on Solvency II has put UK regulator the Prudential Regulation Authority (PRA) on a tighter leash, though risks making Brexit more complicated, regulatory experts say.

Laura Board, 07 November 2017
AGCS trials captive blockchain

Allianz Global Corporate & Specialty (AGCS) has become the latest insurer to enter the blockchain arena with a trial of a global captive programme that enables cash transfers between countries.

Marcus Alcock, 07 November 2017
Greek MP asks questions on Ethniki as Exin Re staff paid

A member of the Greek parliament has posed questions to the country's finance minister about Exin's proposed EUR958mn ($1.10bn) acquisition of state-owned insurer Ethniki, citing concerns about "major liquidity problems" and issues with the recently submitted change of control request

Adam McNestrie, 07 November 2017
AIG promotes Baugh to CEO of NA general insurance

AIG has promoted Lex Baugh to the new role of CEO of North American general insurance in the latest in a series of management changes under recently arrived group CEO Brian Duperreault

Laura Board, 07 November 2017
Cobalt-National Standard talks break down

Takeover talks between infrastructure investor National Standard Finance and Shariah-compliant Lloyd's start-up Cobalt have ended without an agreement being reached, The Insurance Insider understands

Adam McNestrie, 07 November 2017
Challenges and opportunities in focus at London Market Conference

What should the London market look like in 2025? That was the question Lloyd's chairman Bruce Carnegie-Brown addressed at The Insurance Insider's London Market Conference

Laura Board, 07 November 2017
USAA and XL pay out to secure cat bond top-ups

Regular ILS sponsors USAA and XL Catlin have topped up their cat bond cover in the first transactions completed after the 2017 hurricane losses, with pricing on the deals showing an increase in rates.

Fiona Robertson, 07 November 2017

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