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Elseco, the fintech specialty insurance underwriting platform headquartered at the Dubai International Financial Centre (DIFC), has expanded its aviation capabilities and book of business with the appointment of Olivier Marre. 10 July 2017
Alternative Risk Transfer
Italian insurer Assicurazioni Generali said on July 10 that it returned to the insurance -linked securities (ILS) market with a €200 million cat bond on floods and windstorms in Europe and earthquakes in Italy. 10 July 2017
Insurance
Canada-based Fairfax Financial Holdings said July 6 that it closed the acquisition of Switzerland-based Allied World Assurance Company Holdings. 6 July 2017
Insurance
Senior executives at Novae Group have highlighted the increasing need for scale in the risk-transfer business as the justify agreeing to the firm’s sale to AXIS Capital for £468 million ($604 million). 6 July 2017
Insurance
AXIS Capital is to acquire Lloyd's insurer Novae Group for £468 million ($604 million) in an all-cash deal based on paying 700 pence per Novae share. The transaction is expected to close in the fourth quarter of 2017. 6 July 2017
Insurance
The Lloyd’s Market Association (LMA) said on July 6 that it has received backing and funding support for a satellite imagery and intelligence service for all Lloyd’s managing agents. 6 July 2017
News
Reinsurance, wholesale and specialty broker Ed has appointment Jonathan Tilman as chief actuary. 6 July 2017
Insurance
Cost cuts have offset low interest rates and declining premium volumes on legacy portfolios, stabilizing profitability of Dutch life insurers, according to Fitch Ratings. 6 July 2017
Insurance
Re/insurer QBE has appointed Constanza Gállegos as head of distribution for Continental Europe. 6 July 2017
Insurance
The Federation of European Risk Management Associations (FERMA) has elected new members to its board and confirmed Jo Willaert as president for an additional two-year term. 6 July 2017
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