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Chedid Capital acquires Emirati broker

Lebanese (re)insurance broker Chedid Capital Holding has acquired 75 percent of UAE-based intermediary Al Manara Insurance Services, the company announced today (11 May)

Matthew Neill, 11 May 2016
Allianz P&C records double-digit profit growth

Operating profit in Allianz's P&C division grew 12 percent to EUR1.4bn ($1.6bn) in the first quarter of this year, thanks to a low number of claims and lower restructuring expenses.

Charlie Thomas, 11 May 2016
Novae’s SPS aids top line growth in Q1

London-listed Novae has reported 9.8 percent growth in its gross written premiums, taking the total to £282.8mn ($408.3mn).

Charlie Thomas, 11 May 2016
Insureds bemoan market consolidation

Berkshire Hathaway Specialty Insurance executive vice president David Bresnahan has said he has not met a single client that is happy about the wave of consolidation that has consumed the market in recent times.

Dan Ascher, 11 May 2016
Centralised reinsurance trend slows: InsiderScope panel

The trend towards centralisation of reinsurance buying has slowed, as an increasing number of carriers look to buy more localised placements for niche risks, according to panelists at InsiderScope New York 2016 today (10 May).

David Bull, 11 May 2016
Wholesalers won’t be disintermediated: DeCarlo

AmWins CEO Steve DeCarlo has strongly defended wholesale brokers, arguing that they are an essential part of the insurance foodchain and should not be disintermediated

Dan Ascher, 10 May 2016
Cyber growth potential huge: XL Catlin

Emerging casualty reinsurance risks could eventually grow to exceed the current alternative capital supporting the reinsurance market, according to Greg Hendrick, XL Catlin's reinsurance CEO

Marcus Alcock, 10 May 2016
Insurance industry must act to stay relevant: Benchimol

The insurance industry must respond to emerging risks, harness data and analytics, and provide greater value to clients if it is to remain relevant, according to Axis president and CEO Albert Benchimol

David Bull, 10 May 2016
Gard trims premiums for fifth year running

Norwegian protection and indemnity club Gard has reduced its deferred premium call for the fifth consecutive year as it benefited from benign development of small and medium-sized claims

Matthew Neill, 10 May 2016
Swiss Re appoints new ILS co-heads

Judy Klugman and Jean-Louis Monnier have been promoted to become the new co-heads of its global insurance-linked securities (ILS) business

Fiona Robertson, 10 May 2016

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