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Kinsale profit climbs 50% driven by reserve releases

Kinsale Capital reported an almost 50 percent gain in fourth quarter net income as premiums rose and reserve releases more than quintupled.

Dan Ascher, 02 March 2017
Maiden seeks 10-K filing deadline extension

Maiden Holdings asked for an automatic extension of the deadline to file its audited annual report with US regulators today but said auditors have “substantially completed” their work and found no material weaknesses in its internal controls.

Ted Bunker, 02 March 2017
Pool Re raises retro cover to £2bn

Pool Re has ratcheted up its retro limit at renewal to £2.0bn ($2.5bn) and is close to offering cover for cyber terrorism

Laura Board, 01 March 2017
Peers criticise Ogden rate move

UK peers criticised the government's method of setting the personal injury discount rate and the steep cut announced on Monday.

Charlie Thomas, 01 March 2017
XL to book $75mn impact from Ogden rate cut

XL expects changes in the UK discount rate for bodily injury compensation to result in a negative pre-tax impact of $75mn.

Catrin Shi, 01 March 2017
RKH Specialty broker fabricated terror covers

RKH Specialty has dismissed a broker after internal checks flagged that he had faked cover on a number of terrorism accounts, The Insurance Insider can reveal.

Adam McNestrie, 01 March 2017
Slice Labs moves into five more states

Munich Re-backed on-demand InsurTech start-up Slice Labs has expanded the preview release of its homeowners' offering to a further five US states.

Matthew Neill, 01 March 2017
State support needed for uninsurable cyber risks: Swiss Re

Government back-stop financing may ultimately be necessary to cover losses from "uninsurable" extreme catastrophic cyber loss events, Swiss Re has claimed

Catrin Shi, 01 March 2017
Madison Dearborn completes £40mn Towergate equity buy

Towergate's largest shareholder, private equity firm Madison Dearborn Partners, has injected another £40mn ($50mn) of equity into the carrier as part of a share issuance.

Matthew Neill, 01 March 2017
Willis Towers Watson completes broker acquisition

Willis Towers Watson has completed its acquisition of the French aviation insurance broker Office d'Assurances Aériennes G de Cugnac (OAAGC)

Bernard Goyder, 01 March 2017

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