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Insurance
Tractable, a London-based start-up offering an automated audit claims product, is now launching in Europe, following a partnership with North America. 31 January 2017
Insurance
The credit quality of Western European insurers and reinsurers has been stable over the past 12 months, despite a difficult period of low investment yields, a competitive environment, particularly for reinsurers with an abundance of capacity, and challenges to meet shareholders’ expectations, according to AM Best. 30 January 2017
Insurance
Lloyd's syndicate AEGIS London has partnered with specialist marine insurance managing general agent (MGA) The MECO Group to provide 100 percent of the security for all policies issued by MECO’s Transmarine brand. 30 January 2017
Insurance
The aviation insurance market has contracted significantly in 2016 as insurers tried to reduce their exposure to loss-making contracts and improve underwriting profitability, according to the latest “Plane Talking” aviation newsletter by JLT. 27 January 2017
Insurance
Ryan Specialty Group (RSG) has acquired transportation managing general (MGA) agent Interstate Insurance Management in the US. 27 January 2017
Insurance
Loss adjusting business Charles Taylor Adjusting (CTA) has appointed Vince Cole as US CEO and regional head, also joining the company's senior management team. 27 January 2017
Insurance
London-based PIB Group has acquired independent insurance broking and risk management company DE Ford based in York. 27 January 2017
Insurance
Pricing is the biggest threat to reinsurers’ profitability as combined ratios suggest that the industry is getting close to reporting underwriting losses, according to Fitch Ratings. 27 January 2017
Alternative Risk Transfer
The insurance-linked securities (ILS) market grew to $75 billion in 2016, up from $70 billion in the previous year, according to the latest ILS market update from Willis Capital Markets and Advisory. 26 January 2017
Insurance
Berkshire Hathaway’s $9.8 billion retroactive reinsurance deal with American International Group’s (AIG), revealed last week, is big enough to potentially jeopardize an underwriting profit in Warren Buffett’s reinsurer’s P&C operations for the first time. 26 January 2017
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