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Insurance
XL Catlin appoints CUO international financial lines
Re/insurer XL Catlin has promoted Tim Powell to chief underwriting officer for international financial lines (IFL).   8 February 2018
Insurance
Australia’s Insurance Council Board appoints three directors
The Insurance Council of Australia (ICA) has made three new appointments to its board of directors.   8 February 2018
Insurance
Four high-rise buildings partly collapse in M6.4 Taiwan earthquake
At least four high-rise buildings partly collapsed or are leaning precariously after an M6.4 earthquake struck north of Hualian, Taiwan on Tuesday, Feb. 6, according to catastrophe modelling firm AIR Worldwide.   8 February 2018
Insurance
Cyber insurance could be credit negative for insurers: Fitch
Cyber insurance brings opportunities for business growth and diversification for some insurers, but could be a credit negative for others given the potential to generate larger future losses, according to Fitch Ratings.   7 February 2018
Alternative Risk Transfer
Reinsurance capacity set to rise to $427bn
The amount of capital dedicated to writing reinsurance will increase to an estimated $427 billion in 2017, compared with $420 billion in 2016, according to AM Best.   5 February 2018
Insurance
Western European re/insurers enjoy upgrades despite challenges: AM Best
Western European re/insurers face limited growth prospects and a continued backdrop of low investment returns, yet in the last 12 months, AM Best-rated entities have demonstrated stable credit ratings and upgrades have outnumbered downgrades.   2 February 2018
Insurance
Regulation main 2018 challenge for UK insurers
Regulation will be the main test for UK insurers in 2018, according to S&P Global Ratings.   30 January 2018
News
HIM fails to deliver what reinsurers hoped for
Record losses from the 2017 hurricane season have failed to trigger the rate increases the industry had hoped, with many experts and reports based on analysis of the recent renewals now suggesting that low rates may be here to stay.   29 January 2018
Insurance
European insurers may face higher cost of capital due to IFRS 17
The new international accounting standard for insurance contracts from 2021, IFRS 17, could temporarily increase the cost of capital for European insurers, Fitch Ratings said in a Jan. 26 note.   29 January 2018
Insurance
Lloyd’s CFO proposes curtailing broker commission
Lloyd’s chief financial officer has mooted the idea that brokers should reduce the commission they make on business placed in the market as a way of reducing the overall cost of using Lloyd’s.   26 January 2018

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