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Insurance
Swiss Re CFO steps down, successor appointed
Swiss Re chief financial officer David Cole is set to step down on March 31, 2018, and will be succeeded by John Dacey, currently group chief strategy officer.   8 December 2017
Insurance
Reinsurers face $1bn Harvey claim from FEMA
The US Federal Emergency Management Agency (FEMA) is submitting a claim to recover the full $1.042 billion in reinsurance coverage under its 2017 Reinsurance Program.   6 December 2017
Insurance
Munich Re's ERGO reveals management shake-up and new insurance unit
Munich Re subsidiary ERGO Group has made several organisational changes and launched a new insurance unit as part of its strategic initiative aimed at expanding international business with corporate customers.   27 November 2017
Insurance
Profitability of global reinsurers could drop to six-year low
The overall profitability for AM Best's composite of global reinsurers could drop to a six-year low, and the ratings agency estimates a 2017 combined ratio of 110 percent for the sector, with return on equity (RoE) ranging from 0 percent to -5 percent.   16 November 2017
Insurance
Barbican unveils US E&S property MGA with Ariel Specialty hires
Barbican Insurance Group has established a new US specialty managing general agency (MGA) led by Colin Mayo, the former executive vice president and chief underwriting officer at Ariel Specialty.   16 November 2017
Insurance
Atradius targets global expansion with new European operations
Dutch trade credit insurer Atradius has established new offices in Bulgaria and Romania to further expand its international presence.   16 November 2017
Insurance
Pen Underwriting strikes new capacity deal with QBE
London-based managing general agent (MGA) Pen Underwriting has extended its strategic relationship with re/insurer QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the area of hazardous goods and environmental industries.   16 November 2017
Insurance
China deregulation will see increased interest from foreign investors
China's decision to ease restrictions on foreign ownership of financial institutions will likely pave the way for foreign insurers, fund managers and securities to invest in or compete with China's firms.   16 November 2017
Insurance
CNA appoints new chief risk officer following departure
Commercial insurance provider CNA has appointed Al Miralles to replace Mark Verheyen as its new chief risk officer (CRO).   16 November 2017
Insurance
Storm Xavier insured losses estimated at €291m: PERILS
The insured property losses caused by extratropical Cyclone Xavier is estimated at €291 million, according to the initial estimate released by the European catastrophe insurance data provider PERILS.   16 November 2017

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