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Insurance
Texas-based US Risk Insurance Group, a specialty lines underwriting manager and property/casualty wholesale broker, has acquired IMS London American Brokerage and Underwriting Services. 10 July 2017
Insurance
UK comprehensive car insurance prices rose 18 percent on an annualized basis to £847 in the second quarter, the biggest quarterly rise in seven years, pushing the cost of UK car insurance close to an all-time high. 10 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
Commercial pricing remains weak in 2017 while auto insurance rates continue to increase, according to the latest Moody’s annual rate change and trend survey. 3 July 2017
Insurance
Reinsurance rates deteriorated further in the July 1 renewals despite first quarter deterioration for many reinsurers’ results, according to the latest 1st View renewals report from Willis Re. 3 July 2017
Insurance
Fitch Ratings has revised its outlook on Lloyd's of London's and Lloyd's Insurance Company (China) to negative from stable because of concerns over the deterioration in underwriting performance, coupled with increasing exposure to catastrophe risk in against the backdrop of a soft market. 29 June 2017
Insurance
The frequency and intensity of the most “strong to extreme” storms are expected to increase while projections also reveal that the earth is likely to see an increase in the frequency and intensity of most of the other weather phenomena including severe thunderstorms, wildfires, inland floods and coastal floods. 29 June 2017
Alternative Risk Transfer
Excess capacity and strong competition among traditional and ILS markets have again been instrumental in driving rates down, says JLT Re. 29 June 2017
Insurance
Bermuda-based Assured Guaranty has announced its plan to combine the portfolios and operations of its four international financial guaranty insurance companies. 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
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