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Insurance
Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to the third annual US Property & Casualty Insurance Market Report by S&P Global Market Intelligence. 29 June 2017
Insurance
The Latin American insurance sector shrank by 3.7 percent year-on-year in 2016 following the depreciation of most of the region’s currencies, according to the latest annual study on the Latin American insurance market. 27 June 2017
Insurance
Lloyd’s CEO Inga Beale has detailed a new oversight approach in her June 26 half-yearly market briefing and plans for a 10 percent headcount reduction. 26 June 2017
Insurance
The private US property/casualty insurance industry saw its net income after taxes drop 42.2 percent year-on-year to $7.7 billion in the first-quarter of 2017, according to ISO, a Verisk Analytics business. 26 June 2017
Insurance
Bermuda-based AXIS Insurance, a part of AXIS Capital Holdings, has appointed Marc Nance to executive vice president, excess and surplus property. He will be based in AXIS' Chicago office. 26 June 2017
Insurance
Ryan Specialty Group (RSG) has promoted Dawn D’Onofrio to chief executive officer and president of its managing general agency WKFC Underwriting Managers and CorRisk Solutions. 26 June 2017
Insurance
German mobile bank N26 said on June 26 that it is expanding its services and products to include insurance in its offering. 26 June 2017
Insurance
Telematics and wearables helping companies better predict claim probability, as well as the inclusion and growth of premium comparison sites, has driven a surge in insurtech adoption, according to a study by consulting and advisory firm EY. 26 June 2017
Insurance
Randall and Quilter Investment Holdings (R&Q) has reached an agreement with US medical professional liability insurer Coverys to sell the entire share capital of its Lloyd's managing agency for $22.6 million. 23 June 2017
News
Bermuda-based Everest Re Group has appointed Matthew Kelly as vice president and head of the reinsurance division's international casualty facultative unit, based in company's Miami office. 23 June 2017
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