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Insurance
Navigators & General (N&G), a marine insurance subsidiary of Zurich Group, will provide additional capacity to Towergate for its line of marine products, as part of a strategic partnership between the companies, effective October 1. 19 August 2016
Insurance
French life insurers' profitability could suffer if current very low interest rates continue, according to S&P Global Ratings in its latest report, titled “Persistently ultra-low interest rates could mean ultra-low earnings for French life insurers by 2020”. 18 August 2016
Insurance
Property Claim Services (PCS), a Verisk Analytics business, has launched its historical database of industry-wide catastrophe loss estimates for Turkey. 18 August 2016
Insurance
While rates are showing signs of flattening out, the soft market is far from over and reinsurers are having to make tough choices on retaining market share versus protecting profits. Intelligent Insurer reports. 16 August 2016
Insurance
AXIS Accident and Health, a provider of accident, specialty health and travel-related re/insurance, has appointed Christian Romeih as vice president and business development manager of its Middle East and North Africa reinsurance business. 15 August 2016
Insurance
Liberty Mutual Insurance Group has increased its interest in its non-life insurance joint venture company Liberty Videocon General Insurance (Liberty Videocon) in India to 49 percent. 15 August 2016
Insurance
The Hong Kong life insurance industry has experienced significant growth in new business over the last couple of years, but will be challenged to grow consistently in the future due to weakened domestic demand and new measures imposed by the Chinese government, according to an AM Best’s special report. 15 August 2016
Insurance
Growth in the reinsurance segment of Markel so far this year has been driven by new business in its mortgage product line and large quota share reinsurance treaties but tough market conditions make further growth this year unlikely, Richard Whitt III, co-chief executive officer of Markel Corporation, said in a conference call next week covering the company’s second quarter results. 12 August 2016
Insurance
Modernising the London Market is essential if it is to compete with other re/insurance hubs and competitors in the world. But resistance from the front office, where brokers and underwriters may be reluctant to change their behaviour, could threaten the plan’s success. Intelligent Insurer reports. 11 August 2016
Insurance
Legal & General (L&G), a provider of insurance, savings and investment management products, is selling investment platform Cofunds to Aegon for £140 million, subject to regulatory approval. 11 August 2016
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