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Sompo Canopius adds heavy industry capacity

Sompo Canopius has agreed a deal with Travelers Syndicate 5000 to add capacity to its mining coverage.

Matthew Neill, 07 March 2017
Flood program reforms come up for scrutiny in Congress

The US National Flood Insurance Program (NFIP) goes under the congressional microscope this week as lawmakers get set to rewrite its operating rules with an eye toward opening the sector to private carriers and preventing its $24.6bn debt from getting any bigger.

Ted Bunker, 07 March 2017
AIG replaces CIO Fasano with Gallo

AIG’s chief information officer Philip Fasano has left the insurance giant to “pursue other opportunities”, it announced in a statement today.

Dan Ascher, 07 March 2017
Qatar Re raises $450mn at 4.95% in bond issuance

Qatar Re strengthened its capital position by raising $450mn through a corporate bond issuance, with demand pushing the yield down to 4.95 percent for the reinsurer owned by the Qatar Insurance Company (QIC).

Bernard Goyder, 06 March 2017
Fidelis taps Patel to replace McConachie as CFO

Fidelis group chief actuary Hinal Patel has been named to replace co-founder Neil McConachie as chief financial officer, the company said today.

Dan Ascher, 06 March 2017
Page to replace Tunnicliffe at Aon Risk Solutions

Aon Risk Solutions UK CEO Andrew Tunnicliffe is to step down from the role, to be replaced by Julie Page, the firm announced today.

Ted Bunker, 06 March 2017
Catalina asks Barclays to look at ownership changes

Legacy specialist Catalina has retained Barclays Capital (BarCap) to run a strategic process that its owners hope will put a $1bn valuation on the business, The Insurance Insider has learned

Adam McNestrie, 06 March 2017
Zhong An to raise 10bn yuan in stake sale: report

Chinese online-only P&C insurer Zhong An is aiming to raise 10bn yuan ($1.45bn) through a sale of between 5 and 10 percent of the company.

Matthew Neill, 06 March 2017
Chubb reshuffles UK management team

Chubb has made two changes to its UK leadership, naming Mark Roberts as chief underwriting officer for the UK and Ireland and Sara Mitchell as head of its corporate division for the region.

Bernard Goyder, 06 March 2017
Axis discloses $50mn Ogden rate impact

Axis Capital anticipates a hit of $50mn on its reserves as a result of the change in the UK discount rate for bodily injury claims, it announced today

Catrin Shi, 06 March 2017

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