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Insurance
High growth potential for the Latin American insurance market has attracted global re/insurers and brokers to the region through mergers & acquisitions (M&A), despite weak recent economic growth, according to consultancy firm EY. 15 November 2017
Insurance
The recent wildfires in the US state of California, which killed at least 43 people and injured 185 others, could in aggregation become the most damaging event on record in the state, according to Impact Forecasting’s latest edition of its monthly Global Catastrophe Recap. 13 November 2017
Insurance
A major wildfire outbreak that erupted in portions of California starting during the month of October is set to become the costliest insured wildfire in history, according to the Aon Benfield’s Global Catastrophe Recap report for October. 9 November 2017
News
Hannover Re has posted a profit for the third quarter despite large losses exceeding its budget in the third quarter of 2017 through an increase in investment income driven by the sale of its listed equity portfolio. 8 November 2017
Insurance
American International Group (AIG) has appointed Lex Baugh as CEO of North America General Insurance. 8 November 2017
Insurance
Switzerland-based Zurich Insurance Group has entered into a definitive agreement with Catalina Insurance Ireland to transfer its German legacy medical malpractice liabilities portfolio. 8 November 2017
Insurance
Bermuda-based PartnerRe has appointed Turab Hussain to the position of chief risk and actuarial officer. 8 November 2017
Insurance
The Financial Conduct Authority (FCA) has launched a market study to assess how competition is working in the wholesale insurance broker sector in the UK. 8 November 2017
Insurance
Insurance and investment firm Starr Companies which is headed by Maurice Greenberg, has discontinued underwriting new business through the Starr Singapore Underwriting Agents representing its Lloyds Syndicate 1919. 8 November 2017
Insurance
The Hanover Insurance Group has appointed Richard Lavey as president of Hanover Agency Markets, succeeding John Roche, who was recently named president and CEO of The Hanover. 8 November 2017
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