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Insured losses reached $54bn in 2016: Aon Benfield

Global insured losses climbed to $54bn in 2016 as the industry suffered its sixth worst loss year of all time, according to Aon Benfield.

17 January 2017
Markel signs up Beazley to livestock consortium

Markel International has added Beazley as the fifth carrier on its livestock consortium, it announced today.

Bernard Goyder, 17 January 2017
XL Catlin appoints ceded reinsurance chief

XL Catlin has promoted Anne Middleton to manage its reinsurance placements globally, the company announced today.

17 January 2017
Turner named Pen Underwriting CEO

UK-headquartered managing general agency Pen Underwriting has appointed Jonathan Turner as its new chief executive to take over from current managing director Mark Armitage.

Matthew Neill, 17 January 2017
Berkshire Hathaway Specialty gains Malaysian licence

The specialty insurance division of Berkshire Hathaway has secured a licence to sell non-life reinsurance in Malaysia.

Bernard Goyder, 17 January 2017
Novae appoints Patel CFO

London market carrier Novae has named Reeken Patel as its new group chief financial officer and executive director, subject to regulatory approval.

17 January 2017
Generali in discussions over EUR400mn legacy book

Generali is approaching legacy consolidators to find a solution for a EUR300mn-EUR400mn ($319mn-$426mn) portfolio of legacy liabilities written through its UK branch, The Insurance Insider has learned.

Catrin Shi, 17 January 2017
PartnerRe establishes retro sidecar

Partner Re launched a retro sidecar using its own capital at the 1 January renewals, sister publication Trading Risk reported.

Fiona Robertson, 17 January 2017
Lofty multiple beckons as Argenta receives final bids

Lloyd's managing and members' agent Argenta could fetch fully 2x book value when its sale process concludes in the coming weeks, The Insurance Insider can reveal.

Adam McNestrie, 16 January 2017
Biba calls for UK to retain single market access

Trade representative body the British Insurance Brokers' Association (Biba) has urged the UK government to negotiate continued access to the EU single market post-Brexit on either a total or sectoral basis

Matthew Neill, 16 January 2017

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