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Insurance
XL Catlin first to bind political risk policy on London Market PPL
XL Catlin has started trading on the London Market’s electronic placement platform PPL, becoming the first insurer to bind a political risk policy.   23 April 2018
Insurance
Castel makes Weald Risk a standalone business
Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has promoted Weald Risk Partners from a division within the Castel Specialty portfolio to a standalone underwriting cell.   23 April 2018
Insurance
Lloyd’s coverholder offers parametric insurance to Spain’s olive farmers
The largest professional agricultural association in Spain will offer parametric insurance for a second year in a row through Lloyd’s coverholder Meteo Protect. The protection is designed to protect its 22,000 olive farmers from the financial consequences of extreme temperatures on their olive fields.   23 April 2018
Insurance
Insurers understand they need to embrace intelligent automation
e2Value talks about its web-based property valuation tool that leverages both intelligent automation and AI, as CEO Todd Rissel tells Intelligent Insurer.   19 April 2018
Insurance
AXA significantly outbid competitors in $15.3bn XL takeover
Bermuda-based property/casualty commercial lines re/insurer XL Group received other potential bids before sealing the deal with AXA, which agreed to pay significantly more than other suitors.   17 April 2018
Insurance
The Hanover expects up to $76m nat cat costs in Q1
US-based property/casualty insurer The Hanover estimates the impact of catastrophe activity to be in the range of $66 million to $76 million before taxes in the first quarter of 2018.   17 April 2018
News
Lloyd’s MS Amlin Underwriting gets downgraded due to losses
Syndicate Research (SRL) has downgraded the A-^ (Good) Continuity Opinion of Lloyd’s Syndicate 2001 (MS Amlin Underwriting) to B+^ (Above Average) following the announcement of its 2017 annual results and put it under review for further possible downgrade.   17 April 2018
Insurance
Allianz sells 33% in China unit
Allianz has sold a 33 percent stake in its China unit to Chinese online retailer JD.com, according to a Reuters April 16 report.   17 April 2018
Insurance
Lockton picks new chief digital officer to drive innovation
Insurance broker Lockton has appointed Said Taiym as executive vice president and chief digital officer.   17 April 2018
Insurance
Ex-CIRC chairman charged with fraud
The former chairman of China Insurance Regulatory Commission (CIRC) Xiang Junbo has been formally charged on suspicion of taking bribes, Reuters reported on April 16.   17 April 2018

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