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AIG meets resistance on FI quota share

American International Group (AIG) has been unable to win broad market support for a financial institutions (FI) quota share that it first brought to market this spring, The Insurance Insider can reveal

Adam McNestrie, 18 July 2016
XL Catlin launches Africa reinsurance unit

XL Catlin has established a reinsurance unit to provide facultative and treaty reinsurance across Africa, it announced today (18 July)

Winifred Okocha, 18 July 2016
Sompo Canopius appoints US finpro chief

Sompo Canopius has hired Laurie Banez to lead its US financial and professional lines practice, the Lloyd's (re)insurer announced today (18 July)

Matthew Neill, 18 July 2016
R&Q completes Bermudian captive acquisition

Randall & Quilter (R&Q) has completed the acquisition of Bermuda-based Agency Program Insurance Company (APIC)

Catrin Shi, 18 July 2016
MAS proposes capital framework changes

The Monetary Authority of Singapore (MAS) has adjusted its insurer capital requirements after a review found some moderation of risk requirements to be "overly conservative"

18 July 2016
Neon hires casualty head

Rebranded Lloyd's syndicate Neon (formerly Marketform) has appointed Andrew Dougall as its first executive underwriter and head of casualty

Matthew Neill, 18 July 2016
Gable stock stabilises after trading recommences

Shares in Liechtenstein-based carrier Gable Holdings have risen in value this morning (18 July) after it recommenced trading on London's AIM market

18 July 2016
Homeowners Choice secures $972mn reinsurance cover

Homeowners Choice P&C Insurance Company has secured $972mn of catastrophe reinsurance coverage for the 2016-2017 year, according to Securities and Exchange Commission filings.

15 July 2016
Blue Capital eyes $5.1mn Q2 cat losses

Endurance-owned cat asset manager Blue Capital has estimated that it will incur losses of $5.1mn from catastrophe events in the second quarter, the company said yesterday (14 July).

Lucy Jones, 15 July 2016
AJ Gallagher acquires majority stake in Swedish broker

Global broker Arthur J Gallagher has acquired an 85 percent stake in specialist Swedish (re)insurance broker Brim AB, the company announced today (15 July).

Matthew Neill, 15 July 2016

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