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Clarification: Guy Carp promotes Nash to lead international group
Guy Carpenter promoted James Nash into the newly created role of president, international, reporting to the reinsurance broker's president and CEO Peter Hearn
15 December 2016
Kumamoto quake leads 2016 catastrophe losses
The Kumamoto earthquake was the most expensive catastrophe loss for insurers in 2016, just surpassing claims from Hurricane Matthew, according to Swiss Re Sigma estimates
Fiona Robertson
,
15 December 2016
Scor expands contingent capital facility
Scor has renewed a contingent capital facility with an extra EUR100mn ($106mn) of capacity, the company announced today
Fiona Robertson
,
15 December 2016
AM Best downgrades Istmo Re after regulator warning
Credit rating agency AM Best has slashed the financial strength ratings of Istmo Re to E after the local regulator swooped on the Panamanian reinsurer
Laura Board
,
15 December 2016
Over a billion Yahoo accounts hacked in further attack
More than a billion Yahoo users had their details hacked in a massive cyber-attack that the company believes was separate to the breach that was revealed in September.
Dan Ascher
,
15 December 2016
O’Connor promoted to lead Willis GB business development
Global broker Willis Towers Watson today named Mary O'Connor as head of client and business development in Great Britain
Matthew Neill
,
14 December 2016
XL Catlin adds BI to terrorism cover
XL Catlin has launched a new business interruption (BI) product for terrorism risk, covering both actual and threatened attacks.
Laura Board
,
14 December 2016
Brokers may pay extra FSCS levy for using unrated carriers
The UK Financial Conduct Authority (FCA) is considering placing an additional levy on brokers that place business with unrated carriers
Catrin Shi
,
14 December 2016
Heritage builds M&A warchest
Florida's Heritage Insurance signalled that more M&A is in sight with an announcement that it will sell $79.5mn of debt
Laura Board
,
14 December 2016
RAA calls for covered agreement conclusion
The Reinsurance Association of America (RAA) has urged the European Union (EU) and US to finalise a covered agreement for prudential (re)insurance supervision, as talks on regulatory equivalency rumble on.
Matthew Neill
,
14 December 2016
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