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Validus COO to lead US MGU

Validus chief operating officer Jonathan Ritz will step down from the role to head up the company's new US-based managing general underwriter (MGU) Validus Specialty.

Catrin Shi, 13 May 2016
Chaucer makes political risk hire

Chaucer has hired Jonathan Bint from XL Catlin as a political risk underwriter and analyst, as the Lloyd's carrier looks to expand its political risk and trade credit team

Catrin Shi, 13 May 2016
Foreign exchange causes dip in Talanx bottom line

Operating profit at German carrier Talanx fell 10.9 percent to EUR573mn ($650.6mn) in the first quarter of the year, with foreign exchange movements accounting for most of the change, as it beat the analyst consensus.

Charlie Thomas, 13 May 2016
IAG appoints long-tail claims head

Insurance Australia Group (IAG) has appointed Steve Marshall as executive general manager of long-tail claims, the company announced today (12 May)

Matthew Neill, 12 May 2016
AIG shareholders back Hancock in vote

Under-fire American International Group (AIG) CEO Peter Hancock has avoided a potential shareholder revolt as he was overwhelmingly re-elected at the company's AGM this week

Matthew Neill, 12 May 2016
Risk of Canadian oil sands claims recedes

Workers are beginning to return to Canadian oil sands facilities affected by wildfires last week, suggesting that energy insurers will emerge relatively unscathed by losses from the event

Matthew Neill, 12 May 2016
Generali restructures to create international unit

New Generali CEO Philippe Donnet has made his mark on the group by bringing in Axa executive Frédéric de Courtois to run an international segment created by a restructure of the global insurer

Adam McNestrie, 12 May 2016
Hiscox Syndicate 6104 raises profit estimates

Bermudian carrier Hiscox has increased profit estimates for the 2014 and 2015 years of account (YoAs) at its Special Purpose Syndicate 6104 by 2.5 and 5 percentage points respectively

Matthew Neill, 12 May 2016
April Ohio storm losses could hit $57mn

A storm that hit Ohio early last month has caused between $52.6mn and $57.8mn in preliminary insured losses, according to estimates from the Ohio Insurance Institute (OII) and from Property Claim Services (PCS)

Matthew Neill, 12 May 2016
Great American launches Mexico specialty P&C unit

Great American Insurance Group has been granted formal approval for its local subsidiary El Águila to establish a specialty P&C unit in Mexico, it announced today (12 May)

Matthew Neill, 12 May 2016

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