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Insurance
Frequency of major vessel casualties increases: IUMI
The frequency of major vessel casualties rose in 2016 for the second consecutive year, according to the International Union of Marine Insurance.   7 April 2017
Insurance
Markel takes full control of MGA Allsport Insurance in Canada
Specialist insurer Markel Canada has acquired the entire business of managing general agent (MGA) Allsport Insurance Marketing after recently buying the remaining 50 percent that it did not already own.   7 April 2017
Insurance
NN Group sells its Luxembourg insurance business
Dutch insurance and asset management company NN Group has signed an agreement to sell its Luxembourg insurance business to Global Bankers Insurance Group.   7 April 2017
Insurance
Severe US weather to cost insurers more than $2bn in March: Aon
An extremely active period for severe weather hit the US in March resulting in aggregated cost to the insurance industry exceeding $2.0 billion, according to the latest edition of Aon Benfield’s monthly Global Catastrophe Recap report.   7 April 2017
Insurance
Alliant buys California firm to expand MGA division
California-based Alliant has acquired SES Insurance Brokerage Services to expand its managing general agent (MGA) division Alliant Specialty Insurance Services (ASIS).   6 April 2017
Insurance
Reinsurance capacity reaches new peak: Aon Benfield
Reinsurance capacity has reached a new peak in 2016 and is likely to further contribute to price declines, according to research by broker Aon Benfield.   6 April 2017
Insurance
DARAG acquires Swedish insurer Ikano Försäkring
European run-off insurance company DARAG has entered an agreement to acquire all shares of Stockholm-based Swedish insurance company Ikano Försäkring, a part of Ikano Group.   6 April 2017
Insurance
African reinsurer One Re appoints new chairman of board 
African reinsurer One Re has appointed Nicholas Davenport as chairman of its board with immediate effect, succeeding Gilles Bonvarlet who has stepped down from the role.   6 April 2017
Insurance
RMS introduces ‘cyber-physical’ modelling in response to rising threat
Risk modelling and analytics firm RMS has expanded its range of cyber models to include scenarios where cyber-attacks can cause physical damage to property.   6 April 2017
Insurance
CNA general counsel to retire after 23 years
US-based CNA, a commercial insurance provider, has announced that its executive vice president, general counsel and secretary Jonathan Kantor is set to retire after 23 years at the company.   6 April 2017

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