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Novae Group, the specialist Lloyd’s insurance group, has warned that its combined ratio for the whole of 2016 will be high than anticipated because of the continued prevalence of larger individual risk and catastrophe losses. 8 December 2016
Insurance
The formation of a new state-backed reinsurer in Russia will hit the long-term growth potential of global reinsurers in the country, which will be forced to cede a percent of premium to the new entity even on existing long-term treaties. 7 December 2016
Insurance
United Insurance Holdings (UPC), a property/casualty insurance holding company, has raised $30 million through an offering of senior notes to private investors. 6 December 2016
Insurance
The rating agencies have started to react to the news that Liberty Mutual will acquire Ironshore – just over a year after Fosun International, China’s biggest conglomerate, acquired the remaining 80 percent stake in the Bermuda-based property/casualty insurer. 6 December 2016
Insurance
The rating agencies have started to react to the news that Liberty Mutual will acquire Ironshore – just over a year after Fosun International, China’s biggest conglomerate, acquired the remaining 80 percent stake in the Bermuda-based property/casualty insurer. 6 December 2016
Insurance
Italian motor insurance premiums are likely to rise in 2017 for the first time in years as low investment returns push insurers to target underwriting profits, according to Fitch Ratings. 6 December 2016
Insurance
Liberty Mutual has agreed to acquire Ironshore – just over a year after Fosun International, China’s biggest conglomerate, acquired the remaining 80 percent stake in the Bermuda-based property/casualty insurer. 5 December 2016
Insurance
The UK regulatory should be wary of deviating too far from Solvency II in the way it regulates UK insurers, despite having the potential flexibility to do so following its exit from the European Union, S&P Global Ratings has warned. 5 December 2016
Insurance
The sector outlook for German life insurance remains negative due to the challenging operating environment, Fitch Ratings has said in a new report called ‘2017 Outlook: German Life Insurance - Low Interest Rates Put Capital Ratios Under Pressure’. 5 December 2016
Insurance
A combination of sustained low investment yields and pressure on profits as a result of regulatory scrutiny into how insurers treat their customers, has prompted Fitch Ratings to maintain its negative sector outlook for UK life insurance in 2017. 2 December 2016
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