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HDI Global enters E&S market with new unit

Expansive international insurer HDI Global has launched a new excess and surplus lines (E&S) subsidiary to target US alternative energy, private-public partnerships (P3s) and design-build construction risks.

David Bull, 18 August 2017
Prime enters NJ commercial auto market

Hard-to-place auto insurance specialist Prime Property and Casualty has entered the New Jersey commercial “wheels” market as an admitted carrier.

David Bull, 18 August 2017
Ruggles named G2 CEO to succeed Colton

San Francisco broker G2 Insurance Services has hired former BB&T executive Mark Ruggles as its new CEO.

David Bull, 18 August 2017
Barcelona attack unlikely to hit private market

A terrorist attack in Barcelona likely will not lead to large-scale payouts by insurers as a government-owned fund in Spain has taken on the role of covering such events.

Bernard Goyder, 17 August 2017
M&A moves buff US P&C sector credit ratings: AM Best

Credit upgrades outnumbered downgrades for US property and casualty carriers in the first half of this year, AM Best said, citing the effects of merger and acquisition activity as well as greater parent-company support.

Ted Bunker, 17 August 2017
Bardon joins JLT Re’s Bermuda team

JLT Re has appointed Nicolas Bardon as a partner in its Bermuda operation, reporting to office head Guy Hengesbaugh.

Lucy Jones, 17 August 2017
Allstate estimates July cat losses at $181mn

Allstate said that 13 events last month generated cat losses of $181mn before tax, or $118mn after tax.

Laura Board, 17 August 2017
White Mountains launches buyback of up to 500,000 shares

White Mountains is to spend up to $437.5mn in buying back as many as half a million of its own shares via a process known as a modified Dutch auction.

Laura Board, 17 August 2017
Rothschild appointed to advise on Swinton sale

Covéa has appointed Rothschild & Co to advise on the sale of UK personal lines and commercial motor broker Swinton, The Insurance Insider understands.

Adam McNestrie, 17 August 2017
Swiss Re Corporate Solutions appoints Cole as global contingency head

Jonathan Cole, the North American head of contingency at Swiss Re Corporate Solutions, has been promoted to run a new global contingency and sports personal accident segment.

Bernard Goyder, 17 August 2017

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