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Claims

AM Best turns gloomy on Mapfre subsidiary

A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of A+ (Superior) and issuer credit rating (ICR) of "aa-" of Mapfre Re, the reinsurance subsidiary of Spanish (re)insurance giant Mapfre (Spain)...

Tightening of the reinsurance market expected - MMC

A further tightening of the market is anticipated as the Florida property-catastrophe reinsurance renewal comes to a close at June 1, with rates expected to be slightly higher than the 13-to-14% increase experienced at April 1, a panel of experts from…

New York Insurance Dept chief to resign

Governor David A. Paterson has said that the Superintendent of the New York State Insurance Department, Eric R. Dinallo will resign his position and become the Henry Kaufman Visiting Professor of Finance at New York University's Stern School of Business.

Argo brings over senior underwriter from Markel

Argo Pro, a specialty professional underwriting division of Bermudian (re)insurer Argo Group's Excess & Surplus Lines segment, said that Mark Brown has come on board as vice president of its environmental department.

CEGA fraud detection

Travel insurance claims handler CEGA Group Services has developed a fraud detection system that it c...

Exaggeration played down

Darg v Commissioner of Police for the Metropolis and Venson Public Sector Ltd (Queen's Bench Division - 31 March 2009)

Questgate BI warning

Loss adjuster Questgate has warned the complex nature of business interruption cover will prompt bus...

Munich Re teams up with Marsh for new solar product

Munich Re, industrial insurance broker Marsh and photovoltaic producer Signet Solar have jointly launched a new insurance solution to cover the possible risk of a performance deterioration in photovoltaic modules.

Axa strengthens links with Papworth

Insurance giant Axa has referred more than 100 patients to Papworth's specialist vocational rehabilitation team since its partnership with the trust.

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