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Insurance
Cyclone Debbie roared ashore in Queensland as the most powerful storm to strike Australia since Cyclone Yasi destroyed Queensland resorts, homes, and crops in 2011, according to catastrophe risk modelling provider AIR Worldwide. 29 March 2017
Insurance
Chaucer, an insurance group underwriting at Lloyd's, has appointed Joe Murphy as senior class underwriter in its casualty division. 29 March 2017
Insurance
The pressure and risks faced by insurers in Europe are increasing further in 2017, pressuring profitability and return on capital, according to China-based credit rating agency. 29 March 2017
Insurance
As UK’s Prime Minister Theresa May signs the letter that will formally begin the UK's departure from the European Union, the insurance industry is expected to accelerate its plans to adapt their business and move operations in order to be able to service their clients within the European Union. 29 March 2017
Alternative Risk Transfer
While alternative capital is here to stay, the industry could well experience a significant reset in rates if cracks in reserves widen and this combines with a big catastrophe loss, says Weston Hicks, the president of Alleghany, who also explains to Intelligent Insurer why his business is ready to benefit from such a scenario. 29 March 2017
Insurance
ProTucket Insurance Company has been launched in the US for providing run-off portfolio transfer solutions, the first of its kind in the US, according to the company. 29 March 2017
Insurance
The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by Category 4 severe tropical Cyclone Debbie, which made landfall today (March 28) in Queensland, Australia. 28 March 2017
Insurance
Lloyd’s of London suggested that insurers should work with stakeholders to make cities’ infrastructure to catastrophic events more resilient. 27 March 2017
Insurance
New Zealand-based credit and financial risk re/insurer CBL Corporation is set to acquire US insurer Affirmative Direct Insurance Company for $5.7 million. 27 March 2017
Insurance
UK life insurers, general insurers and brokers intend to invest heavily in IT, including blockchain and emerging technologies, according to the latest CBI/ PwC Financial Services Survey. 27 March 2017
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