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Insurance
American International Group (AIG) has appointed Lex Baugh as CEO of North America General Insurance. 8 November 2017
Insurance
Berkshire Hathaway recorded an overall net loss from insurance underwriting of $1.44 billion in the third quarter of 2017 compared to a net income of $272 in the same period a year ago. 6 November 2017
Insurance
American International Group (AIG) expects double-digit rate increases across the property market while the costs of the California wildfires are estimated at around $500 million before taxes. 6 November 2017
Insurance
Advent Claims, the insurtech-led claims third party administrator (TPA) signed an agreement to administer all claims for Aquila Underwriting-backed managing general agent (MGA) Principia Underwriting. 6 November 2017
Insurance
Lloyd’s accredited Pioneer Underwriters has launched a new property excess and surplus (E&S) and hired David Phillips to lead the team based in Alpharetta, Georgia. 6 November 2017
Insurance
Bermuda-based specialty re/insurer Lancashire Holdings has decided against paying a special dividend in 2017 and instead to deploy the capital in a hardening market but analysts commented that the company also faces higher retrocession rates, Bernstein analysts wrote in a note. 6 November 2017
Insurance
Specialty and commercial re/insurer Liberty Specialty Markets (LSM), part of part of Liberty Mutual Insurance, appointed Bruce Love as director of assumed reinsurance in its casualty treaty department. 6 November 2017
Insurance
Broker Willis Towers Watson appointed Evariste Yeung as head of property and casualty, North Asia. 6 November 2017
Insurance
The recent catastrophe losses have changed the market dynamics: rates will increase, benefiting a sector that S&P Global Ratings views as robustly capitalised overall, as David Masters of S&P Global Ratings explains to SIRC Today. 1 November 2017
Insurance
While insurers in many Asian markets are enjoying solid growth, reinsurers are lagging behind in this regard as they also grapple with overcapacity putting downward pressure on rates—but some rate corrections are now expected after the heavy losses in North America, William Ho, head of reinsurance, Asia, MS Amlin, told SIRC Today. 31 October 2017
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