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  • Trade credit market adds Carillion to loss tally
    The implosion of Carillion is likely to add further losses to UK trade credit underwriters already reeling from the collapse of wholesaler Palmer & Harvey and airline Monarch. Carillion, the UK's second largest construction company and a major supplier of services to the government, went into liquidation on 15 January. Some in the market have […]
  • ILS managers decrease Q3 2017 loss estimates
    Insurance-linked securities (ILS) managers have reduced their estimates of losses taken from the August and September hurricanes, according to the Eurekahedge ILS Advisers Index. The index initially showed an average drop of 0.34 percent in August and 9.04 percent in September following the major storms. However, this has been reduced to losses of 0.31 percent […]
  • California sets stage to squeeze insurers on tax gains
    California Insurance Commissioner Dave Jones wants insurers benefitting from tax reform to pass on their resulting savings to policyholders, and today ordered a review of carrier rates with profit limits in mind. The edict sent shares of national personal lines underwriters Allstate and Progressive down, according to Buckingham Research analyst Amit Kumar. He indicated the […]
  • Bermudians dwindle in number after Validus takeout
    With Validus set to come under AIG ownership, the spotlight falls on the dwindling number of Bermudian (re)insurers still in the public markets. The island has traditionally been a happy hunting ground for acquiring carriers with growth ambitions and a cash pile to spend. A running tally compiled by The Insurance Insider shows that eight […]
  • Axis consolidates units in efficiency drive
    Axis took further steps to consolidate its business in the wake of last year's Novae acquisition in a revamp it said would increase efficiency and profitability. The restructuring includes the creation of a global underwriting and analytics unit, the merging of its accident & health (A&H) segment with its core (re)insurance operations, and the combination […]
  • Drug maker Valeant sues insurers for more than $325mn
    Canadian pharmaceutical company Valeant is suing its insurers as it seeks to claw back more than $325mn in costs, as well as unspecified damages, arising from class actions following its attempted acquisition of drug firm Allergan. Court documents filed by Valeant in the Superior Court of New Jersey show it held professional indemnity policies for […]


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LondonMarkit Systems Limited
20 Birchin Lane, London
+44 203 713
JohannesburgMarkit Systems Limited
+27 11 083