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Insurance
Swiss Re is exploring a potential initial public offering (IPO) of its UK closed book business ReAssure in 2019. 3 August 2018
News
TransRe’s net premiums written in the 2018 second quarter were roughly flat with the comparable prior year period as a result of higher ceded premiums written due to an increase in retrocessional coverage purchased in 2018, the company said while presenting second quarter results. 3 August 2018
Insurance
In the absence of clarity as to what a future trade deal will look like between the UK and the EU, affected insurers have accelerated their plans to establish new EU subsidiaries, according to AM Best. 3 August 2018
Insurance
Fitch Ratings has revised the outlook for CNO Financial Group to positive from stable following the company’s recent reinsurance transaction. 3 August 2018
Insurance
Specialty re/insurer Brit has benefitted from higher prices in the first half of 2018 but net profit dived nevertheless due to a sharp drop in investment return. 3 August 2018
Insurance
Australia-based QBE Insurance is selling its travel insurance business to health insurer nib holdings (nib). 3 August 2018
Insurance
German insurance giant Allianz expanded the property/casualty (P&C) business in the second quarter while the combined ratio deteriorated. 3 August 2018
Insurance
Arch Capital Group CEO Marc Grandisson sees mortgage insurance producing “outstanding” results while conditions in the reinsurance business are only improving “modestly”. 2 August 2018
Insurance
American International Group (AIG) has appointed David McElroy as CEO of its surplus lines insurer Lexington Insurance Company. 2 August 2018
Insurance
Two former insurance agents were sentenced to a combined 10 years in prison in California after being found guilty of a life insurance scheme. 2 August 2018
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