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Asbestos loss projection now $100bn for US carriers: Best

Asbestos losses from third-party claims are now expected to come in 18 percent higher at $100bn for US property and casualty insurers, AM Best said today, citing "evolving" litigation and increases in longevity.

Ted Bunker, 28 November 2016
Willis Re’s Kent appointed global deputy CEO

Willis Re has promoted James Kent to the position of global deputy CEO as the executive continues to move up the senior ranks at the reinsurance broker.

David Bull, 28 November 2016
US P&C carriers fall to 9M underwriting loss: Best

The US property and casualty segment slipped in 2016 to its first nine-month net underwriting loss in four years, AM Best analysts reported today.

Ted Bunker, 28 November 2016
Jardine named CEO of XL Catlin Syndicate 2003

Paul Jardine, chief experience officer at XL Catlin, has been made CEO of Syndicate 2003 and UK legal entity Catlin Insurance Company Ltd, as part of a wider management shake-up at the firm, The Insurance Insider can reveal

Adam McNestrie, 28 November 2016
Korean Re takes first steps for full syndicate launch

Korean Re has been holding discussions with turnkey managing agents as it begins work on establishing a full syndicate at Lloyd's, The Insurance Insider has learned.

Adam McNestrie, 28 November 2016
TMK’s underwriting chair to retire

Robin Hargreaves, chairman of Tokio Marine Kiln (TMK)'s underwriting board, is to retire at the end of the year, the firm announced today

Catrin Shi, 28 November 2016
ERS appoints underwriting director

Specialist motor managing agent ERS has hired Gina Butterworth to the new position of director of underwriting, it announced today

Catrin Shi, 28 November 2016
Mitsui Sumitomo to launch bitcoin exchange cover

MS&AD subsidiary Mitsui Sumitomo Insurance is to offer insurance coverage for bitcoin exchanges.

Matthew Neill, 28 November 2016
Beazley energy head Holmes resurfaces at Elseco

Former Beazley head of energy Matthew Holmes has returned to the market in the same role at Dubai-based managing general agent (MGA) Elseco, The Insurance Insider has learned

Adam McNestrie, 28 November 2016
Cyber cat risk belongs with (re)insurers: Beale

The (re)insurance industry should not be handing over cyber catastrophe risks to the state, Lloyd's CEO Inga Beale has said.

Catrin Shi, 25 November 2016

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