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Insurance
Insurance intermediaries need to make contingency plans due to Brexit to protect interests of their clients, secure contract continuity and to enable that business continues flowing into London, the London and International Insurance Brokers’ Association (LIIBA) has warned. 15 February 2018
Insurance
Lancashire Holdings has reported a combined ratio of 124.9 percent for 2017 compared to 76.5 percent in the previous year. 15 February 2018
Alternative Risk Transfer
MultiStrat Advisers, the Bermuda-based total-return reinsurer and servicing company, has given an insight into the traction it is gaining structuring so-called casualty-linked securities (CLS) – a form of risk transfer known to be growing but many of these transactions are private. 15 February 2018
Insurance
North American insurance buyers can expect non-catastrophe-exposed programmes’ pricing to be flat to +5 percent, according to Willis Towers Watson’ Property Market Update. 15 February 2018
Insurance
Dutch NN Group’s acquisition of its peer Delta Lloyd has lowered the cost base by €133 million in 2017, according to a Feb. 15 press release. 15 February 2018
Insurance
Australia’s insurer Suncorp has reported natural hazards of A$395 million ($313.9 million) between July and December 2016, which is A$65 million above the allowance for the period, driven primarily by the Victorian hail storm. 15 February 2018
News
Reinsurance broker JLT Re has hired Zurich executive Erica Davis as senior vice president in New York. She will lead the cyber and errors & omissions (E&O) practice. 15 February 2018
Insurance
Specialty re/insurer Brit has completed the fourth annual renewal and expansion of its Bermuda domiciled special purpose insurer Versutus, the company said in a Feb. 14 press release. 14 February 2018
Insurance
Independent Lloyd's broker AFL has further expanded its wholesale property team with the appointment of re/insurance executives from JLT Re and Alston Gayler. 14 February 2018
Insurance
Softbank’s communication and technology expertise and network of hi-tech investments would give Swiss Re a competitive advantage as the re/insurance sector adapts to transformational technologies that will over time test its business model, according to Moody’s. 12 February 2018
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