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Insurance
Arch Capital Group has established a range of pre-tax losses of $60 million to $75 million, net of reinsurance recoveries and reinstatement premiums, the catastrophic events in the fourth quarter of 2017. These included a series of wildfires in California and a series of smaller catastrophe events occurred around the globe. 10 January 2018
Insurance
Allianz Group is to acquire the legal protection insurance subsidiary DAS Switzerland and assets of DAS Luxembourg and Slovakia from German insurance group ERGO Group. 10 January 2018
Insurance
Willis Towers Watson has appointed Patrick Murphy as global head of cargo and specie, within its marine, corporate risk and broking division. 10 January 2018
Alternative Risk Transfer
Twelve Capital has completed a $35 million private catastrophe bond designed to cover second event risk across all natural perils in the US. 10 January 2018
Insurance
Fidelis Insurance has promoted Richard Coulson to the position of chief underwriting officer of Fidelis Underwriting. He takes up this role with immediate effect and will report to Daniel Burrows, chief executive officer of Fidelis Underwriting. 9 January 2018
Insurance
XL Catlin has hired an experienced executive from Marsh to the position of head of mergers and acquisitions, insurance, EMEA. 9 January 2018
Insurance
Australian construction insurer Ensurance has gained regulatory approval to operate as a MGA and also made a series of high-profile appointments, the company has revealed in a market update. 8 January 2018
Insurance
Bermuda-based Everest Re Group has named Jonathan Zaffino as the president and chief executive officer of the Everest Insurance division. 8 January 2018
Insurance
Sompo International's US insurance platform has reached an agreement to purchase the operating subsidiaries of Lexon Surety Group. 4 January 2018
Insurance
Reinsurance rates did not increase by as much as expected in the year-end renewals as many reinsurers conceded ground to clients as the date neared, particularly in non-loss affected areas, according to JLT Re’s Retrospective Renewal Report. 3 January 2018
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