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PCS finalises Canada wildfire industry loss at $3bn

The final PCS industry loss figure for the Fort McMurray wildfires in Alberta, Canada has settled at C$3.98bn ($2.96bn), sister title Trading Risk reported last week.

Lucy Jones, 22 November 2016
Analysts still doubtful on Zurich efficiency drive

Analyst scepticism reigned following the long-awaited unveiling of Zurich's three-year strategic plan, which set out ambitious cost-cutting targets but offered little in terms of a strategic redirection.

Catrin Shi, 22 November 2016
Insider View: Zurich's strategy update

Greco's turnaround project for Zurich addresses the immediate investor concerns that caused the firm's valuation to slump below book value just under a year ago.

Catrin Shi, 22 November 2016
Analysts welcome AIG progress report

AIG's investor day last Friday (18 November) met with a lukewarm share price reaction, as the stock closed marginally down before edging back up at the start of this week.

David Bull, 22 November 2016
Insider View: AIG investor day

AIG may not be out of the woods just yet, but the dense foliage is thinning and the path to meeting its 2017 turnaround targets looks clearer.

David Bull, 22 November 2016
Steadfast Re opens London office

Steadfast Re is to open an office in London, The Insurance Insider can reveal.

Charlie Thomas, 22 November 2016
Axa tests reinsurers’ resolve with 50% aviation QS

A litmus test of the aviation reinsurance market is on the way as carriers weigh the merits of a new 50 percent whole-account quota share sought by top-10 aviation insurer Axa.

Adam McNestrie, 22 November 2016
Towergate returns to Ebitda growth

UK broking group Towergate posted a 5.9 percent increase in adjusted Ebitda to £19.4mn ($24.0mn) in Q3, its first quarter of positive year-on-year growth since its financial restructuring in 2015.

Catrin Shi, 22 November 2016
Alpha and Omega

Are the golden days of globalisation over, or has it just had a correction?

Mark Geoghegan, 22 November 2016
New Zealand quake to dent Q4 earnings

The Kaikoura earthquake that struck New Zealand last week will take another bite out of the fourth quarter earnings of global specialty (re)insurers, as 2016's run of small-to-mid-sized cat losses continues.

Adam McNestrie, 22 November 2016

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