Tony Dowding
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Asia
Fairfax reduces ICICI Lombard shareholding in India to less than 10%
FAL Corporation, a wholly owned subsidiary of Fairfax Financial Holdings, has sold 12.0% of the shares of ICICI Lombard General…
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CRE Insurance
Lloyd’s profit falls alongside premium growth and improved underwriting result for first half
Lloyd’s has reported a 16% fall in profit to £1.22bn for the first half of 2017. However, Lloyd’s also reported…
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Analysis & Opinion
The case for covering D&O in a global programme
For many Spanish companies, expanding into new markets outside Spain has proved to be a productive path to profitable growth.…
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CRE Insurance
Insured cat losses in 2017 may hit $190bn and could be capital event, says Fitch
Fitch Ratings has warned that catastrophe losses for the global insurance and reinsurance sectors in 2017 will exceed $100bn and…
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CRE Insurance
Fitch predicts huge growth for cyber insurance but warns of ‘silent’ cyber exposures
Global premium volume for cyber insurance is set to increase six- to eight-fold within a decade, according to Fitch Ratings,…
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Captives
Online betting operator Lottoland forms Gibraltar captive
Online lotto betting operator Lottoland has formed a captive insurer in Gibraltar to underwrite all the bookmaking risks of Lottoland.…
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CRE Insurance
Atradius report finds major payment delays in the Americas
Trade credit insurer Atradius has warned about potential payment delays in the Americas, notably in Brazil, Canada, Mexico and the…
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CRE People Moves
Liberty Specialty Markets focuses its Latin American treaty reinsurance strategy
Liberty Specialty Markets (LSM) has promoted José Ernesto Ospina to the newly-created role of LatAm reinsurance regional manager, as it…
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CRE Insurance
EU and US sign landmark covered agreement on re/insurance
The EU and the US have signed a landmark bilateral agreement on insurance and reinsurance, which addresses three areas of…
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CRE Insurance
Axco report examines the insurance sector’s ‘fourth industrial revolution’
A new report has highlighted both the benefits and some of the barriers to unilateral adoption of the ‘fourth industrial…
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CRE Insurance
Allianz Multinational to bring together international insurance solutions
Allianz is bringing together its international insurance solutions from the property and casualty insurance sectors across the group, under the…
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CRE Insurance
RSA France recruits managing director from Axa Corporate Solutions UK
RSA France has appointed Gaëlle Tortuyaux as managing director and she will join the company in October 2017. She was…
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CRE Insurance
EC proposes financial supervisory reforms giving stronger role for EIOPA
The European Commission (EC) has proposed reforms to pave the way for further financial integration, which will improve the mandates,…
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CRE Insurance
IAIS paper recognises value of mutual and cooperative insurers
The International Association of Insurance Supervisors (IAIS) has published an application paper on the regulation and supervision of mutuals, cooperatives…
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AIG
M&A insurance comes of age
AIG claims statistics show that M&A insurance buyers are getting their money’s worth, particularly on the largest, most complex cross-border…
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Asia
IUMI highlights another fall in global marine premium income amid continuing uncertainty
Global marine underwriting premiums fell by 9% in 2016 to $27.5bn, following a similar fall the previous year, according to…
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Analysis & Opinion
Hard-hitting Avrahami ruling by US tax court, but captive was ‘destined to fail’
The recent ruling of the US Tax Court in the Avrahami case, involving a US 831(b) captive, is unlikely to…
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Asia
Non-life premium growth in Thailand but uncertain future, says Fitch
Thailand has seen growth in non-life insurance direct premiums pick up in recent quarters, but it is unclear if this…
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CRE Insurance
Willis Towers Watson appoints head of international construction
Martin Hiller has been appointed head of international construction within Willis Towers Watson’s corporate risk and broking unit. He joins…
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Captives
Mercer completes £3.4bn longevity risk transfer for MMC’s UK pension fund
The largest longevity risk transfer for a UK pension fund since 2014 has been completed in Guernsey by Mercer, a…