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Arthur J Gallagher acquires Canadian broker GPL Assurance

4 August, 2017 - 10:48
Insurance brokerage and risk management firm Arthur J Gallagher has acquired retail insurance broker GPL Assurance in Quebec to further expand and diversify its footprint in Canada.

Q2 profits leap at Allianz as P/C benefits from lower nat cat losses

4 August, 2017 - 10:48
Allianz’s profits soared in the second quarter of 2017 driven by a strong performance in its property/casualty segment, which benefited from lower losses from natural catastrophes and lower attritional losses.

Brit grows in H1 despite rates softening by 2.2% across portfolio

4 August, 2017 - 10:48
Speciality re/insurer Brit posted solid growth in the first six months of 2017 but its profits dipped on lower investment returns and a continued softening of rates, which were 2.2 percent down overall during the period.

Athene Holding signs flow reinsurance treaty with Lincoln Financial

4 August, 2017 - 10:48
Bermuda-based Athene Holding has entered into a flow reinsurance treaty with US-based Lincoln Financial Group.

Willis Towers Watson hires USI exec for CRB leadership role

4 August, 2017 - 10:48
Broker Willis Towers Watson has appointed John Campbell as corporate risk and broking (CRB) market leader and construction leader for St. Louis.

Swiss Re reinsurance CFO suggests solution to onerous disclosure requirements

3 August, 2017 - 15:15
Swiss Re CFO for reinsurance Gerhard Lohmann decried the onerous financial disclosure requirements in a co-authored article and proposed a solution set to save time and capabilities.

Life and general insurance lift Aviva’s H1 results

3 August, 2017 - 14:31
UK’s Aviva on Aug. 3 reported higher first half operating profit driven by both life insurance and general insurance operations.

Willis Q2 profit drops on restructuring, integration costs

3 August, 2017 - 14:25
Broker Willis Towers Watson said Aug. 3 that its net income dropped in the second quarter of 2017 as integration expenses and restructuring costs weighed on results.

Chubb appoints UK and Ireland head of professional indemnity

3 August, 2017 - 14:00
Property and casualty insurer Chubb has promoted Chris Savvas as head of professional indemnity UK and Ireland to further develop its financial lines and PI capabilities.

SMEs not satisfied with insurers’ claims services

3 August, 2017 - 12:18
Despite a growing appetite in small and medium-sized enterprise (SME) insurance products there remains a clear gap between the experiences and expectations of SMEs in the UK when it comes to making a commercial insurance claim, according to a survey of SME insurance customers, commissioned by UK MGA Lorega.

Global insurance M&A hits two-year low

3 August, 2017 - 11:53
The volume of completed mergers and acquisitions (M&A) worldwide in the insurance industry is down 24 percent from its recent high in H1 2015, according to the Clyde & Co Growth Report mid-year update.

LV= in advanced talks with Allianz over general insurance stake sale

3 August, 2017 - 10:20
The board of Liverpool Victoria Friendly Society (LV=) has confirmed on Aug. 3 that it is in advanced discussions with Allianz regarding a potential sale of a "significant minority" stake in LV='s general insurance operation.

Liberty taps AXA Art exec to launch new business in Netherlands

3 August, 2017 - 10:20
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, will begin underwriting fine art and specie in the Netherlands with the appointment of Paul Seip as senior underwriter.

XL Catlin bolsters aviation unit with key hires from AIG, Charles Taylor

3 August, 2017 - 10:19
Re/insurer XL Catlin has strengthened its North America aviation insurance team with key appointments in the US and Canada.

Beazley names engineering portfolio leader in US

3 August, 2017 - 10:19
Specialist insurer Beazley has appointed Santiago Jaramillo as engineering focus group leader for the US and Latin America, based in Miami.

Lemonade expands insurance offering to New Jersey

3 August, 2017 - 10:18
Lemonade, an artificial intelligence-focused insurtech company, has launched its homeowners and renters insurance insurance offering throughout the Garden State.

JLT Specialty makes key hire from Aon for US operations

3 August, 2017 - 10:18
JLT Specialty USA, a subsidiary of Jardine Lloyd Thompson Group (JLT), has appointed Michael O’Brien as executive vice president, as part of its expansion plans in the US around key industries and product specialties.

RenRe appoints independent directors to board following departure

3 August, 2017 - 10:17
Bermuda-based RenaissanceRe (RenRe) has appointed Duncan Hennes and Valerie Rahmani to serve as independent directors.

AXA improves P&C business in H1

3 August, 2017 - 10:11
AXA reported a better underwriting profitability in its property/casualty (P&C) business in the first six months of 2017.

AIG benefits from improved consumer business in Q2

3 August, 2017 - 09:37
American International Group has posted a rise in second-quarter operating profit, helped by improvements in its consumer business.


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