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Rates were at unsustainable levels before hurricanes Harvey, Irma and Maria and the Mexican earthquakes (HIMM) hit in September,   13 November 2017
Insurance
AXA Group has unveiled a new operating model under which the company will be organised based on five geographies (France, Europe, the US, Asia, and International), and a single, refocused corporate center.   13 November 2017
Insurance
Talanx, the parent company of Hannover Re, has appointed Torsten Leue as its new chief executive officer. The current CEO, Herbert Haas, will step down from the board of management at the request of the majority shareholder HDI.   10 November 2017
Insurance
Hong Kong-based Peak Reinsurance Company has been authorised as a life and general reinsurer by the Monetary Authority of Singapore to write reinsurance business in the country.   10 November 2017
Insurance
Specialty property/casualty insurer AmTrust Financial Services is further divesting assets to strengthen its capital position while reporting a loss for the third quarter.   9 November 2017
Insurance
Munich Re incurred a net loss of €1.4 billion in the third quarter of 2017 due to the impact of natural catastrophes in North America but expects “significant” market recovery.   9 November 2017
Insurance
Beazley enjoyed strong growth overall in the first nine months of 2017 but its reinsurance division shrank as the company reduced it because of continued rate decreases – a trend it expects to reverse on cat business, at least, because of the recent heavy losses in North America.   9 November 2017
Insurance
Bermuda-based Third Point Reinsurance has announced that John Berger, chairman of the board of directors, will be stepping down at the end of the term.   9 November 2017
Insurance
Zurich Insurance Group posted a steady set of results for the first nine months of the year but said that it anticipated improvements in pricing now on the back of the recent heavy cat losses in North America.   9 November 2017
Insurance
Newbridge Risk Partners, an underwriting cell on the Castel MGA formation platform, has secured a new binder with Lloyd’s and London company market capacity to support the continuing growth of its political violence and terrorism insurance and reinsurance business.   9 November 2017

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