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Fidelis to take renewal rights as Novae exits US cat

Novae's entire US property cat treaty team will move to Fidelis along with the renewal rights to the $50mn-premium book as CEO Matthew Fosh continues to radically reshape the stuttering London-listed insurer

Adam McNestrie, 12 June 2017
Argo names Chubb’s Cazar head of LatAm

Argo Group has hired Jorge Luis Cazar León from Chubb to lead its Latin America business, The Insurance Insider can reveal

David Bull, 12 June 2017
Ehinger made operations head at Guy Carp

John Ehinger has been named head of global operations at Guy Carpenter to revive his reinsurance career after a stint running a firm focused on preventing heart attacks, The Insurance Insider can reveal

Dan Ascher, 12 June 2017
Compre strikes first captive legacy deal

Legacy specialist Compre has agreed to acquire Equinox CA Europe, a captive insurer of global engineering and construction conglomerate SNC-Lavalin

Catrin Shi, 12 June 2017
Benardout joins Patria Re SPA

Patria Re has hired former Berkley Re UK head of property Nick Benardout to join Syndicate 6125

Catrin Shi, 12 June 2017
US commercial rates close to flat in Q1: Clips

Rates for US commercial lines coverage remained close to flat in Q1 for the sixth consecutive quarter, according to Willis Towers Watson.

Catrin Shi, 12 June 2017
JLT’s US unit teams up with Altumai on workers’ comp

JLT Specialty USA and start-up Altumai have agreed to collaborate on developing workers’ compensation products for the food and agriculture sector based on analysis of data collected from wearable devices.

Ted Bunker, 12 June 2017
Validus plans depositary share offer to raise $250mn

Validus Holdings plans to sell 10 million new depositary shares tied to its series B preference stock to raise as much as $250mn.

Ted Bunker, 12 June 2017
Opinion: Theresa May and leadership

Prime Minister Theresa May was rebuked by UK voters on Thursday, confounding the expectations of pollsters and commentariat alike

Adam McNestrie, 12 June 2017
Insurer advocates criticise GOP’s NFIP reform

A Republican-backed bill to extend and reform the deeply indebted US National Flood Insurance Program (NFIP) would actually undermine private sector attempts to provide cover to homeowners and businesses, insurance industry advocacy groups have said

Ted Bunker, 12 June 2017

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