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Insurance
UK insurer RSA incurred a net charge of around £40 million in the UK relating to the change in Ogden discount rate but was able to more than offset it through positive reserve development elsewhere in the group, the company said in its 2017 Q1 trading update. 4 May 2017
Insurance
Chicago-based commercial and property/casualty (P/C) insurer CNA Financial Corporation boosted results in the first quarter of 2017 pushed by the P/C unit and driven by investment returns and lower underwriting expenses. 2 May 2017
Insurance
Allianz’s profits soared in the second quarter of 2017 driven by a strong performance in its property/casualty segment, which benefited from lower losses from natural catastrophes and lower attritional losses. 4 August 2017
Insurance
Allianz has expanded its high net worth insurance specialist subsidiary Home & Legacy with three appointments in the claims and technical units. 7 April 2017
Insurance
The World Bank (International Bank for Reconstruction and Development) has launched bonds that will support the Pandemic Emergency Financing Facility (PEF), which will channel first-response surge funding to developing countries facing the risk of a pandemic. 29 June 2017
News
After heading the group for over thirteen years in a row, chief executive Nikolaus von Bomhardhas has officially left Munich Re following the company's annual general meeting on April 26. 27 April 2017
Insurance
Dutch firm EXIN Financial Services Holding said on June 29 that it acquired a 75 percent stake in insurer Ethniki Hellenic General Insurance from the National Bank of Greece (NBG) for €718 million. 29 June 2017
Insurance
Anbang Insurance Group said on June 14 that its chairman Wu Xiaohui is stepping aside with a media outlet claiming that he has been detained. 14 June 2017
Insurance
Loss adjusting business Charles Taylor Adjusting (CTA) acquired UK-based Criterion Adjusters, which comprises Criterion Surveyors, a high net worth-focused pre-risk survey business, and Criterion Claims Management, a specialist claims firm. 10 August 2017
Insurance
A proposed flood insurance pool that would allow insurers in the Netherlands to offer flood coverage for the first time since devastating floods hit the region in 1953 could be operational by January 2014 if plans drawn up by a consortium of brokers are ratified by the Dutch authorities at a meeting on June 12. 1 May 2013
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