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Marine liability and UK property heads leave Brit

Brit Insurance’s marine liability head Richard Mander and UK property leader David Hancock have both left the business, The Insurance Insider can reveal

Adam McNestrie, 06 June 2017
AIG makes senior credit hires

AIG has expanded its political risk and trade credit team with a trio of senior hires, The Insurance Insider understands

Bernard Goyder, 06 June 2017
Ed picks Willis Re broker as non-marine reinsurance chairman

Wholesale and specialty broker Ed has recruited Ian Wicks to chair its non-marine reinsurance division. Wicks joins Ed from Willis Re, where he was an executive director for casualty.

Bernard Goyder, 06 June 2017
The Insider 50 grows

The Insurance Insider's index of P&C (re)insurance companies - The Insider 50 - was up by 1.2 percent last week as it entered the first trading week of June

Iulia Ciutina, 06 June 2017
Global insurance rates fall but US casualty bucks trend: Marsh

The pace of global insurance rate decreases has slowed for the fifth quarter in a row, according to a study by Marsh

Bernard Goyder, 06 June 2017
AmTrust travails lead to client loss

AmTrust shares have fallen by more than half this year after a series of missteps and scandals that may now be affecting the US insurer's ability to retain its client base.

Dan Ascher, 06 June 2017
Allstate cuts $175mn layer after new cat bond issue

Allstate allowed a $175mn gap fill layer to lapse when it renewed its $4.42bn nationwide excess catastrophe reinsurance programme ahead of the start of the 2017 hurricane season.

David Bull, 06 June 2017
Florida rates slip to 10% above last low

Florida reinsurance rates are now hovering just 10 percent above the previous cyclical lows noted in 1999-2000, after falling by 5.1 percent at this year's June renewal, according to JLT Re.

Fiona Robertson, 06 June 2017
Share repurchases absent at US specialty carriers

In contrast with their Bermudian counterparts, the vast majority of US specialty (re)insurers opted out of repatriating capital to shareholders through buybacks

Iulia Ciutina, 06 June 2017
US residuals benefit from soft US cat market

A number of the bigger residual insurers were among cedants that prospered as competition for US property catastrophe reinsurance business intensified in the mid-year renewals.

Dan Ascher, 06 June 2017

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