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Insurance
S&P upgrades Russia’s LEXGARANT on management, governance improvements
S&P Global Ratings said that it has raised aviation and travel insurer LEXGARANT Insurance’s long-term counterparty credit and financial strength ratings to 'B+' from 'B'.   31 May 2017
News
India's GIC Re premium income jumps 82% YOY in 2016-17 financial year
General Insurance Corporation of India (GIC Re), the national reinsurer, has achieved a growth in premium income of 82.2 per cent during the 2016-17 financial year.   30 May 2017
Insurance
Allied World launches UK commercial unit with former Gallagher exec as head
Switzerland-based property/casualty re/insurer Allied World Assurance Company Holdings has launched its UK commercial division with the appointment of Darren Rowe.   30 May 2017
News
S&P puts SCOR's Brazilian operations on 'CreditWatch Negative'
S&P Global Ratings placed its 'BBB+' financial strength rating on Brazil-based reinsurer SCOR Brasil Resseguros on CreditWatch with negative implications.   30 May 2017
News
Brazil’s reinsurer IRB files for IPO
Three of the largest shareholders in Brazil's reinsurer IRB Brasil Resseguros said the company filed for an initial public offering (IPO) of shares with the country's securities industry watchdog CVM, Reuters reported on May 29.   30 May 2017
Insurance
The Hanover poaches senior Zurich Insurance exec to lead specialty
US-based property/casualty insurer The Hanover Insurance Group has appointed Bryan Salvatore as executive vice president and president of specialty.   26 May 2017
Alternative Risk Transfer
Q1 2017 market outlook: A Tale of Two Segments
The ILS market is seeing a boom in activity in 2017. Bill Dubinsky, managing director & head of ILS at Willis Towers Watson, casts an eye over the year so far.   25 May 2017
Insurance
CF Corporation in $1.84bn Fidelity & Guaranty Life acquisition
The boards of CF Corporation and Fidelity & Guaranty Life (FGL) approved a definitive merger agreement under which CF Corp. will acquire FGL for a total of approximately $1.84 billion, plus the assumption of $405 million of existing debt.   25 May 2017
Insurance
IFRS 17 dubbed 'biggest shake up of insurance reporting' and 'major challenge' for the sector
The introduction of IFRS 17, the new international accounting standard for insurance contracts, is the biggest shake up of insurance reporting for decades as it will impact profit, equity and volatility, as well as reserving and financial reporting processes, according to industry experts.   18 May 2017
Insurance
Insurance M&A activity drops in 2016
Global insurance mergers and acquisitions (M&A) transaction activity dropped in 2016 across all sectors, according to a study by Conning.   17 May 2017

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