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Insurance
Soft pricing and low profitability biggest challenges for re/insurers in 2017
A soft market squeezing profitability in the insurance and reinsurance market is the biggest concern for executives, according to an online survey conducted among Intelligent Insurer readers.   28 December 2016
Insurance
QBE appoints Liberty Mutual exec as successor to departed CFO
Re/insurer QBE North America, part of the QBE Insurance Group, has appointed Kris Hill as its chief financial officer (CFO), based in New York. She will assume her new role effective January 17 next year.   20 December 2016
Insurance
Towergate appoints Arch chief to executive committee
Broker Towergate has appointed Paul Dilley to its executive committee. He will step into the role of chief executive officer (CEO) underwriting, replacing Adrian Brown.   7 December 2016
Insurance
Enstar to reinsure QBE’s US multi-line P/C business
A subsidiary of Enstar Group has entered into a conditional agreement with a subsidiary of QBE Insurance Group to reinsure US multi-line property/casualty business.   7 December 2016
Insurance
Pen Underwriting bolsters Midlands business with Chubb hire
Pen Underwriting, a subsidiary of insurance broker Arthur J Gallagher, has appointed James Palmer as senior underwriter to strengthen its regional brokers in getting and retaining new business.   28 November 2016
Insurance
Cedants wary of conflicts where reinsurers compete on primary business
Cedants are becoming increasingly sensitive to reinsurers competing with them on primary business, and new fintech insurers in particular prefer partners with no such conflicts, Michael Pickel, member of the executive board at Hannover Re with responsibility for reinsurance in property & casualty target markets including North America and Continental Europe, told Baden-Baden Today.   25 October 2016
Insurance
AXIS Insurance hires former Marsh exec as senior vice president
AXIS Insurance, a subsidiary of AXIS Capital, has appointed Tracy Harrington Cloud as senior vice president, international distribution and broker management.   21 October 2016
Insurance
AIG to sell LatAm and European operations
American International Group has entered into several agreements with property and casualty with re/insurer Fairfax Financial Holdings, to sell to it its local commercial and consumer insurance operations in Argentina, Chile, Colombia, Uruguay, Venezuela, and Turkey.   19 October 2016
Insurance
Markel poaches Ariel Re head of claims
Specialist insurer Markel International has appointed Chris O’Shea as head of reinsurance claims.   10 October 2016
Insurance
M&A: Search for scale to drive activity
In the current challenging soft market and low interest rate environment, large re/insurance companies are in an advantageous position as they can better absorb the pressure and find alternative income sources. Search for scale is therefore likely to drive M&A activity in the coming years, Intelligent Insurer reports.   6 October 2016

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