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Insurance
Fitch & Moody's downgrade Towergate
Rating agencies Fitch and Moody's have both downgraded UK broker Towergate and placed the rating on negative watch.   21 November 2014
News
Catlin confident about future
Re/insurer Catlin has posted a strong nine months as it enjoyed growth in most business lines and its chief executive officer remains confident about the future.   13 November 2014
Insurance
Lloyd’s upgrades ERS’ Solvency II readiness
Lloyd’s has upgraded ERS, formerly Equity Red Star, Syndicate 218’s status for readiness for Solvency II from red to amber.   11 November 2014
News
AM Best assigns A- rating to Kelvin Re
AM Best has assigned a financial strength rating of A- (Excellent) to Kelvin Re (Guernsey), a start-up company providing short-tail property and specialty lines reinsurance.   11 November 2014
News
Swiss Re completes 51% acquisition of Confianza
Swiss Re Corporate Solutions has completed the 51 percent acquisition of Compania Aseguradora de Fianzas (Confianza).   10 November 2014
News
SCOR enjoys strong growth in Q3
French reinsurer SCOR enjoyed a strong third quarter and first nine months of 2014, as its profits grew and its combined ratio improved.   6 November 2014
Insurance
Allstate appoints treasury VP
US insurer Allstate has appointed Chicago city treasurer, Stephanie Neely, as vice president, treasury.   4 November 2014
Insurance
AIG profits up; authorises share repurchasing
American International Group (AIG) has seen a solid third quarter as profits increased and the board authorised additional share repurchases of $1.5 billion.   4 November 2014
Insurance
Cat models an art not science in Asia
Softening pricing, regulatory change, risk management requirements and catastrophe risks are the biggest concerns for re/insurers in the Asia Pacific market, Connie Wong, managing director-analytical manager, Insurance Ratings, Asia-Pacific Financial Services Ratings, Standard & Poor’s (S&P), told EAIC Today.   4 November 2014
Insurance
New Indonesia rules unlikely to stem M&A
Indonesia’s new comprehensive insurance law, which took effect on October 23, adds some restrictions to foreign investment in the sector, but is unlikely to discourage future M&A activity involving international insurers, believes Fitch Ratings.   3 November 2014

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