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Fairfax backs EUR70mn FBD capital raise

Canadian conglomerate Fairfax Financial has agreed to invest in a EUR70mn convertible bond issue from troubled Irish insurer FBD, subject to FBD shareholder approval

Charlie Thomas, 17 September 2015
XL Catlin unveils Americas specialty insurance team

XL Catlin has revealed the leadership of its specialty insurance team for North and Central America

Dan Ascher, 17 September 2015
BMS appoints directors

Independent (re)insurance broker BMS Group has appointed Mark Lawson and Daniel Chamberlain as directors of North American property.

Winifred Okocha, 17 September 2015
OIL appoints Olsson as president and CEO

Former Marsh executive Bertil Olsson has been named president and CEO of Bermudian energy mutual Oil Insurance Limited (OIL).

Himal Patel, 17 September 2015
Tsunamis hit after magnitude 8.3 quake strikes Chile

A magnitude 8.3 earthquake struck just off the coast of central Chile on Wednesday evening (16 September), triggering a series of tsunami waves that hit Chile and elsewhere in the Pacific

Winifred Okocha, 17 September 2015
Risk profile of global hull market improving: IUMI

The risk profile of the shipping and marine insurance industry is improving, according to the International Union of Marine Insurance (IUMI).

Winifred Okocha, 17 September 2015
Deakin becomes Towergate insurance broking CEO

Janice Deakin has been appointed chief executive of Towergate's insurance broking arm as part of a reshuffle of the division's senior leadership team

Himal Patel, 17 September 2015
Covéa’s EUR1.6bn cat treaty down 15%+

French mutual insurer Covea looks set to secure a risk-adjusted rate reduction comfortably above 15 percent on its EUR1.6bn umbrella catastrophe reinsurance programme after releasing firm order terms to the market, The Insurance Insider can reveal

Adam McNestrie, 16 September 2015
Attwood appointed Syndicate 2526 active underwriter

Neil Attwood has been hired as active underwriter of Doré Syndicate 2526 for the 2016 underwriting year, subject to Lloyd's approval

Himal Patel, 16 September 2015
Zurich restructure to sap reinsurance spend

Global carrier Zurich has told its reinsurers that it is moving away from a regional buying strategy for its catastrophe cover towards a more global approach, The Insurance Insider has learned

Adam McNestrie, 16 September 2015

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