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Insurance
50 percent of high net worth individuals believe they are underinsured
More than half (54 percent) of high net worth individuals are concerned that they are underinsured, with many worried they are buying insurance that may be inadequate for their needs, according to new research by Chubb.   14 March 2017
Insurance
Departure forces Allianz Global Corporate to appoint new global cyber head
Allianz Global Corporate and Specialty (AGCS) has promoted Emy Donavan to lead its cyber insurance business, succeeding Nigel Pearson who has left the company to pursue other opportunities.   14 March 2017
Insurance
AIA CEO Mark Tucker becomes HSBC chairman; successor named
Hong Kong-based pan-Asian life insurance group AIA has announced that its group CEO and president Mark Tucker is set to retire from his executive positions with the company and its subsidiaries.   13 March 2017
Insurance
Barbican bolsters energy team with new hire from Starr
London-based Lloyd's insurer Barbican has appointed Marc Sullivan as a class underwriter for downstream energy, with immediate effect.   13 March 2017
Insurance
Fairfax increases cash component of $4.9bn Allied World deal
Canada-based property and casualty re/insurer Fairfax Financial, which is set to acquire Allied World Assurance Company in a $4.9 billion deal, has increased the cash consideration component to $28.00 per share, including $5.00 in special dividend to be paid to Allied World as part of the transaction.   13 March 2017
Insurance
EPIC expands US Northeast portfolio with acquisition of Capacity Group
EPIC, a US retail property/casualty insurance brokerage and employee benefits consulting firm is acquiring independent insurance broker The Capacity Group.   13 March 2017
Insurance
RMS expands risk offering for Asia Pacific
Risk modelling company RMS has expanded its services in the Asia-Pacific region with the launch of agriculture risk models in India and China.   13 March 2017
Insurance
Chubb partners with Wizz Air
Property/casualty insurer Chubb has signed a partnership agreement with low-cost airline Wizz Air to provide the airline’s customers with travel and flight cancellation insurance cover.   13 March 2017
Insurance
Horizon adds new products to its offering
Specialist underwriting agency Horizon as launched three new products for its residential property clients, complementing its existing mid and high net worth products Longitude and Latitude.   13 March 2017
Insurance
Peak Re explains the rationale for its European expansion
Hong Kong-based Peak Re has created a unit in Zurich to benefit from Solvency II equivalence and sees growth potential in proportional reinsurance business in Europe.   13 March 2017

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