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  • 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
  • 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.
  • 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
  • London market carrier Brit has hired Michael Carr as the head of its new US cyber and technology team
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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