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IG reinsurance charges to shipowners down 7.2%

Group reinsurance rates for shipowners in the reinsurance programme for the International Group (IG) of protection and indemnity (P&I) clubs have dropped by between 5 percent and 10 percent

Matthew Neill, 15 December 2016
Probitas 1492 sees business as usual amid Istmo Re problems

Probitas Syndicate 1492 has dismissed concerns about the financial problems of founding investor Istmo Re, which was seized by the Panamanian insurance regulator this week because of capital worries.

Laura Board, 15 December 2016
Lloyd’s confirms EU subsidiary plans

Lloyd's has confirmed it is planning to establish a subsidiary in Europe should UK passporting rights not be secured following Brexit.

Matthew Neill, 15 December 2016
Fosh invests in Novae after share crash

Novae CEO Matthew Fosh has purchased shares in the carrier worth over £50,000 a week after the share price plunged 25 percent

Matthew Neill, 15 December 2016
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

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