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Opinion: Cutting costs

There are certain types of people that try and make everything the same, flattening out the complexity, smoothing over the specifics and accentuating the generic

Adam McNestrie, 29 March 2017
Third Point Re keeps AM Best grades but warned on UW

AM Best has affirmed the financial strength and credit ratings of Third Point Re, in a welcome move for the hedge fund reinsurer after a challenging end to 2016.

David Bull, 29 March 2017
WR Berkley takes a $30mn Ogden hit in first quarter

Commercial carrier WR Berkley’s first quarter results will be reduced by $22mn due to the Ogden rate change that took effect last week, with the impact felt mostly in its reinsurance segment.

Ted Bunker, 29 March 2017
AIG brings back DeMaio as chief auditor

AIG has named Donna DeMaio as executive vice president and chief auditor, replacing Martha Gallo after her recent appointment as chief information officer at the giant US insurer.

David Bull, 29 March 2017
$10bn US flood cover gap can be closed: Swiss Re

Swiss Re recommended several ways to help close a $10bn gap that opens annually between damage caused by flooding in the US and insured losses, suggesting that new technologies could improve risk assessment.

Ted Bunker, 29 March 2017
Reinsurers brace for losses from Debbie

Reinsurers are preparing for major losses from Australian carriers after Cyclone Debbie made landfall on the northeast Australian coast as a Category 4 storm.

Bernard Goyder, 29 March 2017
Sompo closes $6.3bn Endurance deal

Sompo Holdings completed its $6.3bn acquisition of Endurance Specialty and plans to use the (re)insurer as the basis for Sompo International, a new unit to be located in Bermuda.

Ted Bunker, 29 March 2017
Lloyd's chooses Brussels for EU subsidiary

Lloyd's has made a surprise decision to locate its new EU subsidiary in Belgium's capital city Brussels, The Insurance Insider can reveal.

Adam McNestrie, 29 March 2017
Pro Global wins RI permit for legacy transfer deals

ProTucket Insurance has received a licence to provide legacy transfer services in Rhode Island, giving insurers and reinsurers a way to cede run-off commercial books with court-sanctioned finality in the US for the first time

Ted Bunker, 29 March 2017
Around the world

IQ's round-up of regional market developments

28 March 2017

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