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Leathem exits Channel Syndicate

David Leathem, founding and underwriting partner at Channel Syndicate, has resigned five years after joining the firm, The Insurance Insider understands.

18 July 2016
PPL terror gets off to slow start

A canvassing of those using the London market's electronic placing platform has revealed a belief that the technology could play a part in making the terrorism underwriting market even more soft.

Winifred Okocha, 18 July 2016
Cathedral brings in Madden as MD

Lancashire's Lloyd's arm Cathedral has appointed Marion Madden as managing director, The Insurance Insider can reveal.

Charlie Thomas, 18 July 2016
Digest

Neon appoints Dougall; R&Q acquires class 3 insurer; TMK launches ecommerce platform; XL Catlin launches Africa unit; Sompo Canopius appoints US finpro chief; Morocco drafts systemic risk rules; MAS considers capital requirements; AmTrust buys MGA Arc Legal; Blue Capital pre-announces Q2 cat losses; AJG acquires stake in Brim; Qatar Re hires Zurich trio; AM Best upgrades IFG's ICR; RKH Specialty hires P&I broker; Beale: Brexit will not impact India business; Barbican Protect hires Bleakley;

Charlie Thomas, 18 July 2016
Kingstone buys 40% more limit and targets A- rating

New York-based insurer Kingstone Companies bought 40 percent more limit on its catastrophe excess-of-loss reinsurance programme this year as it targets an upgrade to an AM Best A- rating.

David Bull, 18 July 2016
Munich Re partners with on-demand InsurTech start-up

Munich Re has paired up with New York-based InsurTech start-up Slice Labs to distribute on-demand coverage in the US.

Matthew Neill, 18 July 2016
Alliant accused of further team raid

Californian broker Alliant has been accused of another raid on its rival intermediaries

Dan Ascher, 18 July 2016
Assurant cuts cat limit back

Assurant scaled back both its limit purchased and retention as it restructured its core US property catastrophe reinsurance programme at the recent 1 July renewal.

David Bull, 18 July 2016
Formaldehyde flooring set to cost insurers $35mn

Six carriers are expected to pay out $35mn under a directors' and officers' policy after a discount flooring company was found to be selling products that contained formaldehyde.

Dan Ascher, 18 July 2016
P&I clubs contract out of Insurance Act rules

Various marine protection and indemnity (P&I) clubs are contracting out of parts of the Insurance Act after becoming concerned about the remedies for breaching the duty of making a fair presentation.

Winifred Okocha, 18 July 2016

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