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CIRC warns of solvency risk in wake of chairman probe

The China Insurance Regulatory Commission indicated it will clamp down on solvency risks in the domestic insurance industry following the graft investigation into chairman Xiang Junbo that begun earlier this week.

Matthew Neill, 12 April 2017
Aon Benfield highlights uncertainty for reinsurers

A derailed “covered agreement”, substantial US tax reforms and/or the failure to resolve the assignment of benefits crisis in Florida could all disrupt the American reinsurance market, according to a report from Aon Benfield.

Ted Bunker, 12 April 2017
AmTrust and sister companies dive on FBI probe report

AmTrust and its sister companies lost more than $848mn in market value today after a report said the FBI was involved in an investigation into accounting practices at the big workers’ compensation carrier which has links to Maiden Holdings and National General.

Dan Ascher, 12 April 2017
Crawford’s Rigby expands international responsibilities

Global loss adjuster Crawford & Company has promoted Kieran Rigby to president of international.

Dan Ascher, 12 April 2017
AmTrust ‘not aware’ of any FBI investigation

AmTrust has denied any knowledge of an FBI investigation in 2014 into AmTrust's accounting practices following a report which claimed the bureau had targeted its auditor BDO USA.

Matthew Neill, 11 April 2017
HDI Global builds US engineering and construction team

HDI Global has made a string of hires to build out its US engineering lines and construction division, it announced today.

Catrin Shi, 11 April 2017
Ogden rate change pushes up UK motor rates in Q1

UK car insurance premiums have risen by 16 percent year-on-year since the government's decision to raise the slash the injury discount rate

Bernard Goyder, 11 April 2017
Probitas to be first syndicate on Lloyd’s Mexico

Probitas' Lloyd's syndicate is planning to become the first to go live on the Lloyd's Mexico platform, according to its annual report

Charlie Thomas, 11 April 2017
AmTrust shares plummet 25% on FBI probe report

Shares in troubled US carrier AmTrust have dropped 25 percent during morning trading in New York as markets reacted to a Wall Street Journal (WSJ) report that detailed an FBI investigation into the company

Matthew Neill, 11 April 2017
State of energy market could be ‘new normal’: Willis

Global broker Willis Towers Watson has warned the energy insurance market may be facing a "new normal" of abundant capacity in addition to the pressures besetting its clientele

Matthew Neill, 11 April 2017

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