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2017 nat cat losses prompt Aspen to shut Bermuda unit
Insurance
Aspen Insurance has closed its Bermuda-based US property insurance unit following high natural catastrophe losses in 2017 that included the recent wildfires in California.   19 February 2018
Insurance
US property/casualty insurer Great American Insurance Group has appointed Mark Conklin as the divisional president of its professional risk insurance unit that provides excess casualty coverages for medium to large-sized companies.   17 March 2017
Insurance
Probitas 1492, an insurance and reinsurance syndicate at Lloyd's specialising in property, construction and casualty, appears to have found a new backer to replace the capacity provided by the troubled Istmo Re.   14 July 2017
Insurance
Mapfre Global Risks (MGR), a Mapfre unit providing insurance solutions for multinationals, said on Sept. 14 that it is moving into the London aviation market.   14 September 2017
Insurance
Trade credit insurer Euler Hermes has made three management board changes as its group chief financial officer and chief operating officer are leaving to pursue opportunities outside the company.   13 February 2018
Insurance
Assured Guaranty has entered into a $13.5 billion reinsurance agreement with Syncora Guarantee (SGI), the wholly-owned New York financial guarantee insurance subsidiary of Bermuda-based Syncora Holdings.   6 February 2018
Insurance
Re/insurer MS Amlin has appointed Frank Padilla as senior international casualty underwriter based in Miami to help it expand into the Latin American market.   6 March 2017
Insurance
UK-based Specialist consolidator Phoenix Group has appointed a new executive management team that will manage the enlarged business upon completion of the Standard Life Assurance acquisition, which is expected in Q3 2018.   26 June 2018
Insurance
Enstar Group has signed an agreement to acquire a further 52 percent stake in KaylaRe Holdings, the parent company of KaylaRe, a Bermuda-based Class 4 reinsurer.   5 February 2018
News
Pool Re, the UK government-backed terrorism pool, has increased its commercial reinsurance coverage to £2 billion, an increase on the £1.95 billion of coverage it previously had in place.   3 March 2017

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