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R-T Specialty acquires Georgia-based rival

Pat Ryan’s R-T Specialty has acquired N-Surance Outlets (NSO), a wholesale broker and binding authority dedicated to commercial P&C, transportation and garage risks.

Dan Ascher, 25 July 2017
ProSight in marine program launch with International Special Risk

US specialty carrier ProSight has partnered with the East coast’s largest marine broker, International Special Risk, with a new program to write cover for maritime contractors.

Dan Ascher, 25 July 2017
Sirius confirms Soria Bermuda casualty hire

Sirius Group has confirmed the appointment of former QBE Re executive Erik Soria as vice president for casualty reinsurance business written by its Bermuda platform.

David Bull, 25 July 2017
Travelers targets Singapore InsurTech over logo

Travelers has launched legal action against Singapore-based InsurTech start-up PolicyPal over the company's use of an umbrella for its logo, in at least the second such case brought by the US carrier this year.

Matthew Neill, 24 July 2017
Howden buys Singapore’s Sterling Knight

Hyperion-owned retail broker Howden has completed the acquisition of Singapore-based Sterling Knight.

Laura Board, 24 July 2017
UK government publishes final ILS rules

Marathon efforts to establish London as an insurance-linked securities (ILS) hub passed a major milestone last week when the UK government released final regulations for the new regime.

Fiona Robertson, 24 July 2017
Ogden dents Canopius syndicate’s 2015 YoA: Argenta

Canopius's Syndicate 958 has revised its profit forecast for the 2015 year of account (YoA) downwards, after the change to the Ogden discount rate and other factors hit profits.

Charlie Thomas, 24 July 2017
ITI Re may surrender licence on regulatory barriers: report

India's first private market reinsurer ITI Re is considering the possibility of surrendering its licence due to regulatory issues in the country, including credit rating stipulations and obligatory cession rules.

Matthew Neill, 24 July 2017
AM Best affirms Sirius despite Minsheng concerns

AM Best has affirmed the credit ratings of Sirius and its main subsidiaries despite what it called the "materially weaker" credit profile of the (re)insurer's parent, China Minsheng Investment Group Corp

Laura Board, 24 July 2017
Brit takes Catlin legacy US yacht portfolio

Brit Global Specialty USA has struck a deal with XL Catlin to secure the renewal rights of the legacy Catlin yacht portfolio in the country.

Matthew Neill, 24 July 2017

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