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Insurance
Catalina creates new M&A, reinsurance post to drive US growth
Bermuda-based Catalina Holdings has appointed Parri Spector director of mergers and acquisitions (M&A) and reinsurance transactions.   5 September 2018
Insurance
Fitch downgrades Cigna on $24bn debt raise for Express Scripts acquisition
Fitch Ratings has downgraded the Insurer Financial Strength (IFS) ratings of US health insurer Cigna Corporation’s operating subsidiaries to 'A' (Strong) from 'A+'.   5 September 2018
Insurance
THB swoops for senior aviation broker from Ed in growth strategy
Specialist re/insurance broker THB has hired a senior broker from Ed Broking. Matthew Gould will join THB's aviation team, reporting to division director Tom Thompson.   5 September 2018
Insurance
ARAG partners with insurtech Dinghy to launch freelancer offering
Germany-based legal expenses insurance provider ARAG has teamed up with insurtech startup Dinghy to offer legal services and protection to freelance professionals.   5 September 2018
Insurance
Capsicum Re ties up with AIR Worldwide for silent cyber modelling
Catastrophe modelling firm AIR Worldwide and reinsurance broker Capsicum Re are collaborating in the development of silent cyber modelling capabilities.   4 September 2018
Insurance
US MGA market growth beats P&C insurance sector
The managing general agent (MGA) and programme markets in the US have continued to outpace the growth of the rest of the property-casualty market in 2017, according to a new study by investment firm Conning.   4 September 2018
Insurance
Africa Re underwriting loss widens in H1
Africa Re has increased the underwriting loss to $24.1 million in the first half of 2018 from $18.8 million in the same period of 2017.   4 September 2018
News
Reinsurance sector outlook lifted by Fitch
Fitch Ratings has revised its outlook for the global reinsurance sector to stable from negative, on the belief that earnings have settled at a "new normal".   4 September 2018
News
Reinsurers barely cover capital costs
Global reinsurers’ returns are expected to barely cover capital costs in 2018 and 2019 and the current stable outlook on the global property/casualty reinsurance sector would likely change to negative if the industry's profitability sustainably fell below its cost of capital, S&P Global Ratings warned in a report.   4 September 2018
Insurance
Property cat pricing remains at ‘mercy’ of alternative capital: AM Best
Optimism over a turn in the global reinsurance market after the 2017 catastrophes quickly diminished as the January 1 and midyear renewals proved disappointing, providing minimal pricing increases to reinsurers and leaving market dynamics relatively unchanged, according to a new AM Best report.   4 September 2018

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