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Opinion: Tesla the disruptor

Digital technology, from big data to on-demand systems, continues to disrupt industries ranging from telecommunications to publishing, appliance manufacturing, medicine, banking and other financial services

Ted Bunker, 16 March 2017
Kaikoura reinsurance claims total $487mn: Statistics New Zealand

Provisional reinsurance recoveries for the 14 November Kaikoura earthquake amount to NZ$694.0mn ($486.5mn), according to Statistics New Zealand.

Charlie Thomas, 16 March 2017
Everest Insurance expands environmental offering

Everest Insurance has built its environmental coverage with its new Everest Environmental Apex policy form.

Charlie Thomas, 16 March 2017
Cost cuts drive record operating result at Generali

Full-year group operating profit at Generali nudged up 1 percent to EUR4.83bn ($5.13bn) for 2016, to produce what the company said was the best operating result in its history.

Catrin Shi, 16 March 2017
Swiss Re plans CHF1bn buyback

Swiss Re is to seek authorisation for another CHF1bn ($999.2mn) share buyback at its upcoming annual shareholders' meeting, it announced today.

Laura Board, 16 March 2017
Patriot National sticks with plan to broaden fee base

Outsourcing services provider Patriot National remains committed to reducing its dependence on revenue from related entities such as Guarantee Insurance, CEO Steve Mariano told investors and analysts after an unexpected Q4 loss

Ted Bunker, 16 March 2017
Heritage posts Q4 loss and talks up M&A hunger

Heritage Insurance Holdings has signalled appetite for further M&A as it reported fourth quarter results that included a net loss of $2.9mn, compared with profits of $20.2mn in the prior-year period.

David Bull, 16 March 2017
US P&C sector slips to 2016 underwriting loss: AM Best

Last year the US P&C insurance sector fell to an underwriting loss for the first time since Hurricane Sandy hampered profitability in 2012, according to AM Best analysis of 2016 annual statutory statements.

Dan Ascher, 16 March 2017
Oregon lawmakers to consider quake insurance needs

A state task force will be formed in the Oregon Senate to consider whether to form an earthquake insurance provider modelled on California's publicly managed, privately funded carrier

Ted Bunker, 15 March 2017
Tower asks Suncorp to clarify bid after stake-building

Tower Limited has asked Suncorp to show its hand after the Australian insurer took its stake in the company up to 19.99 percent through the acquisition of stock at a per-share price higher than its offer to buy the New Zealand carrier outright.

David Bull, 15 March 2017

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