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TransRe promotes Rhodes to business development head

TransRe has promoted Kyle Rhodes to the new role of global head of business development as the firm seeks to build more strategic alliances with targeted customers and brokers

Fiona Robertson, 17 July 2017
Kemper to book up to $38mn in Q2 cat losses

New York-listed insurer Kemper said it expects to report pre-tax cat losses of between $32mn and $38mn in the second quarter

Laura Board, 17 July 2017
India’s ICICI Lombard files for IPO

ICICI Lombard, an Indian insurer set up as a joint venture by ICICI Bank and Fairfax Financial Holdings, has filed for an IPO.

Bernard Goyder, 17 July 2017
Major cyber attack could create $8.1bn insured loss: Lloyd’s

A major outage at several cloud service providers could trigger an average of $53bn of economic losses and as much as $8.1bn of insured losses, according to a research report published by Lloyd's today

Catrin Shi, 17 July 2017
SBM settles with most primary insurers over Yme loss

A majority of insurers on the $500mn limit primary layer of SBM Offshore's construction all risks policy have settled with the Dutch-based offshore energy specialist for $247mn after a long-running legal battle

Matthew Neill, 17 July 2017
Opinion: It’s just a name

Late last week the insurance group led by former AJ Gallagher International CEO David Ross, which had been operating under the makeshift name KIRS, rebranded itself

Adam McNestrie, 17 July 2017
Guy Carpenter names North America advisory head

Marsh & McLennan Companies (MMC)'s reinsurance arm Guy Carpenter has appointed Tom Hettinger to lead its capital, structured risk, growth and rating agency operations in the US and Canada.

Matthew Neill, 17 July 2017
Nexus agrees to acquire Equinox Global

Expansive MGA Nexus Group has agreed to acquire Equinox Global, a registered and approved Lloyd's coverholder, and all other Equinox group companies.

Charlie Thomas, 17 July 2017
Covered agreement gets greenlight from Trump officials

Trump administration officials will sign the covered agreement with the EU that aims to harmonize rules dealing with insurance and reinsurance transactions, the Treasury Department said today.

Ted Bunker, 15 July 2017
PatNat leadership change spurs surge in shares

Shares in US insurance services provider Patriot National jumped almost 12 percent today as investors reacted positively to the departure of company founder and CEO Steven Mariano.

Matthew Neill, 14 July 2017

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