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Insurance
Specialty re/insurer Brit has appointed Mark Richards as senior vice president, general liability for Brit Global Specialty USA (BGSU). He joins from Navigators Group. 2 July 2018
Insurance
Insurance group Ageas has received the approval of the National Bank of Belgium (NBB) to organise and operate reinsurance activities. 2 July 2018
Insurance
Digit Insurance is buying a 100 percent stake in Indian private reinsurance company ITI Reinsurance (ITI Re) for about INR 500 crore ($72.8million), according to an Economic Times report citing “a person familiar with the deal.” 2 July 2018
Insurance
When she took the reins in January 2014, Lloyd’s CEO Inga Beale became the first woman to head the 330-year old market for specialist insurance in London. She is stepping down while the modernisation process is very much a work in progress – a decision she has called tough – though most market participants credit her with having moved the market forward in a positive direction. 29 June 2018
Insurance
Asian life and general insurer FWD Group has held preliminary discussions with investment banks about a possible initial public offering (IPO) as part of regular meetings about the insurer’s strategy, Bloomberg News reported citing people familiar with the matter. 29 June 2018
Insurance
Athene Holding, the life insurance affiliate of private equity firm Apollo Global Management, has expressed interest in acquiring all or parts of General Electric’s troubled long-term care insurance business, according to a Financial Times report citing two people familiar with the matter. 28 June 2018
Insurance
Specialty managing general agent (MGA) Nexus Group has appointed Karen Morris to its board as an independent non-executive director of underwriting operations. 28 June 2018
Insurance
Property/casualty insurer Chubb has appointed Matthew Hardy as executive vice president of global energy, Chubb Overseas General. He replaces Roger Giddings who will leave Chubb later in the year. 28 June 2018
Insurance
The UK motor insurance market has reported a net combined ratio (NCR) of 96.8 percent in 2017, the best result since 1994 and the second best since records began, according to EY’s Annual UK Motor Insurance Results. 28 June 2018
Insurance
UK-based Folgate Insurance Company has received approval from the Prudential Regulation Authority (PRA) to once again start writing primary insurance and reinsurance business. 27 June 2018
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