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Insurance
Citizens records $1bn net loss in nine months
Citizens Property Insurance Corporation posted a net loss of $944.2 million for the period between January and September 2017.   20 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
Insurance
Compre acquires run-off portfolio from Allianz
Re/insurance legacy specialist Compre has agreed to acquire a portfolio of assumed non-life reinsurance business from Allianz Versicherungs for an undisclosed sum.   16 November 2017
Insurance
Xceedance invests in re/insurance blockchain startup
Property/casualty insurance technology provider Xceedance has made a multi-million dollar Series A equity investment in London-based blockchain specialist ChainThat.   15 November 2017

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