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Insurance
Many African insurers are insufficiently capitalized and lack financial stability, which could dampen consumer confidence, according to a the 2nd Africa Insurance Barometer, launched at the 44th AIO Conference & General Assembly in Kampala, Uganda. 22 May 2017
Insurance
QBE Australia and New Zealand has appointed of Alex Green as head of product – negotiated lines. 22 May 2017
Insurance
Prudential Annuities, a business unit of Prudential Financial, has appointed Dianne Bogoian as senior vice president and head of product, responsible for product development and management. 22 May 2017
Insurance
Brian Duperreault, the new president, CEO and director of American International Group (AIG), explained that he left the Bermuda-based Hamilton Insurance Group to fix issues at AIG which was recently hit by large losses, impacting investors’ confidence. 16 May 2017
Insurance
Business insurance specialist QBE European Operations, a part of Australia’s QBE Insurance Group, has announced that it will combine its underwriting divisions into one business to form a single underwriting entity, under the leadership of Sam Harrison as managing director, insurance. 16 May 2017
Insurance
Bermuda-Based specialty lines re/insurer AXIS Capital Holdings has appointed James Martin and Russ Madore as vice presidents of US programs, within its property/casualty team. 16 May 2017
Insurance
British Insurance Brokers' Association (BIBA) and the International Underwriting Association of London (IUA) have set out their plans for the UK’s Ogden personal injury discount rate reform in response to a government consultation. 16 May 2017
Insurance
Australia’s QBE Insurance Group plans to invest up to A$50 million ($37 million) in insurtech companies in 2017, according to AM Best’s May 16 Asia-Pacific Weekly. 16 May 2017
Insurance
Australia’s business landscape will be transformed under new mandatory reporting legislation for data breaches which will take cyber security from the IT department to the boardroom, according to a white paper released by QBE Insurance. 16 May 2017
News
Premium rates are set to further decline in reinsurance throughout 2017 due to overcapacity and sluggish demand, according to Fitch Ratings. 16 May 2017
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