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Tawuniya changes CEO
Saudi Arabian composite insurer Tawuniya has selected Abdul Aziz Bin Hasan Al-Bouq as its CEO to replace Raed Bin Abdullah Al-Tamimi, who has resigned for personal reasons
Bernard Goyder
,
01 March 2017
CII unites with peers to form Chartered Body Alliance
The Chartered Insurance Institute (CII) has forged an alliance with peers in the banking and securities and investment industries to raise awareness of the organisations' work and promote the use of chartered professionals.
Laura Board
,
01 March 2017
Opinion: Hancock’s final stand?
The news earlier this week that AIG's directors are discussing whether to punish or oust CEO Peter Hancock after a dreadful set of fourth quarter results has heaped renewed pressure on the executive
David Bull
,
01 March 2017
Brit launches US cyber team
London market carrier Brit has hired Michael Carr as the head of its new US cyber and technology team
Matthew Neill
,
01 March 2017
Hammond, ABI agree on Ogden review goals
UK Chancellor of the Exchequer Philip Hammond on Tuesday met insurance CEOs and the head of the Association of British Insurers (ABI) in the first step of a consultation about how the personal injury discount rate should be set.
Matthew Neill
,
01 March 2017
Maiden drops on concern annual report may be delayed
Investors shied away from Maiden Holdings after company executives warned that they may miss a filing deadline tomorrow to produce audited financial statements, citing a $120.4mn reserve charge disclosed two weeks ago.
Ted Bunker
,
01 March 2017
Ogden rate change unlikely to affect ratings: AM Best
AM Best has comforted insurers after what it called a "drastic" shift in the way personal injury claims are calculated by saying it does not expect to see any rating downgrades on the back of the changes.
Dan Ascher
,
01 March 2017
State Farm hit by $7bn in auto losses for 2016
US mutual giant State Farm was pushed to a $5.5bn underwriting loss in 2016 after claims and expenses from its auto book outstripped premiums by $7bn.
Dan Ascher
,
28 February 2017
Aviva takes $478mn Ogden Rate charge
Aviva has set aside an exceptional charge of £385mn ($478mn) following the decision by the UK government to change the way personal injury compensation is calculated.
Bernard Goyder
,
28 February 2017
HCI plans to raise $115mn in debt
HCI Group has announced its intention to raise $115mn of debt in a private placement days after its CEO signalled an interest in acting as a consolidator in the disjointed Florida market
Matthew Neill
,
28 February 2017
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