Tony Dowding
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Asia
Global broking sector to see continued growth but at lower rate
The global insurance brokers sector will experience a decelerating growth trend in the next three or four years, but will…
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Global Risk Manager
Talanx to acquire Generali’s Colombian subsidiaries
Talanx is to enter the Colombian insurance market by acquiring Generali Colombia Seguros Generales SA and its subsidiary Generali Colombia…
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Captives
North Carolina’s captive growth generates $23m for state in 2016
North Carolina’s captive insurance programme has seen considerable growth in the past year in terms of the economic impact on…
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Global Risk Manager
Weaker profits for Bermuda-based companies despite shift from reinsurance to insurance
Bermuda-based (re)insurers have seen results deteriorate recently and have found it hard to produce the level of return of ten…
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CRE Insurance
New president and CEO for Lockton
Ron Lockton is to expand his current role to become president and CEO of independent insurance broking firm Lockton, Inc.…
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CRE Insurance
US to sign covered agreement with EU on insurance and reinsurance
The US Department of the Treasury and the Office of the US Trade Representative have announced their intention to sign…
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Captives
Cayman adds 17 new captives in first half of 2017
The Cayman Islands added nine new insurer licences in the second quarter of 2017, according to statistics from the Cayman…
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AXA XL
Global programmes: Marine risks and how to manage them
Marine insurance is one of the oldest classes of business. But while the market retains many traditions, and many risks…
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Captives
Cayman appoints new deputy head of Insurance Supervision Division
The Cayman Islands Monetary Authority (CIMA) has appointed Suzanne Sadlier as deputy head of the insurance supervision division. Her previous…
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CRE Insurance
Chubb appoints vice-president of global underwriting
Ross Bertossi has been appointed as vice-president of global underwriting for Chubb Group, with responsibility for advancing underwriting excellence across…
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CRE Insurance
AIG announces head of new commercial lines subsidiary
American International Group (AIG) has appointed Seraina Macia as CEO of a new planned subsidiary that is intended to change…
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Global Risk Manager
US workers comp: significant improvements for insurers but challenges ahead, says Moody’s
There are challenges ahead for the US workers compensation sector, despite significant improvements since 2011, according to a new report…
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CRE Insurance
Insurance markets’ recovery on track during next decade, Allianz study predicts
Global property and casualty (P&C) and life premiums are set to grow nearly 6% annually during the next decade, compared…
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Asia
China’s compulsory pollution liability cover will provide growth opportunities, says Moody’s
The proposed compulsory pollution liability insurance cover in China will provide growth opportunities in non-motor insurance business and promote development…
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Asia
Willis Towers Watson buys stake in Indian broker
Willis Towers Watson (WTW) has bought a 49% stake in Almondz Insurance Brokers in India. Willis said the joint venture…
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CRE Legal Regulation
Ten most difficult things about global programmes
As one global insurance manager once said of his global insurance programme: “Overall, it is a tortuous, labour-intensive and time-consuming…
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CRE Insurance
New head of global programmes for XL Catlin
Sonja Ochsenkuehn has been appointed as head of global programmes with worldwide responsibility by XL Catlin. She will have direct…
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Global Risk Manager
Big fall in net income for rated Caribbean general insurers, says Best
Rated Caribbean general insurers reported a 32% decrease in overall net income, driven by persistently soft markets, low interest rates…
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CRE Insurance
Fairfax completes Allied World acquisition
Toronto-based Fairfax Financial has completed its acquisition of Allied World Assurance Company Holdings for a reported $4.9bn. Fairfax Financial said…
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CRE Legal Regulation
Public consultation of ComFrame in mid-2018, says IAIS
The International Association of Insurance Supervisors (IAIS) has announced plans for a public consultation of ComFrame in mid-2018. ComFrame is…