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Insurance
Starr reveals leadership shake-up in casualty unit
Starr Companies has restructured its casualty group and made some leadership changes to tap its underwriting expertise and risk management solutions in the liability marketplace.   14 March 2018
Insurance
Prosperity Life private equity owners sell the business
US-based Prosperity Life Insurance Group, a provider of protection, supplemental and asset accumulation products, has been bought by an investor group including hedge fund manager Elliott and insurance-focused private investment firm Wand Partners.   14 March 2018
Insurance
Cigna rating placed under review due to debt burden
AM Best has placed the credit ratings of US health insurer Cigna Corporation and its insurance subsidiaries under review with negative implications following the firm’s plan to acquire Express Scripts Holding Company for $67 billion.   14 March 2018
Insurance
Sirius in advanced talks with investors on capital raise
Sirius International Insurance Group is in negotiations to raise around $400 million in equity to help shoulder acquisitions and prepare for an IPO.   14 March 2018
Insurance
Prudential 2017 profit up 24% YOY ahead of demerger
UK-based savings and protection products provider Prudential has grown after tax profits by 24 percent year on year ahead of the demerger of its global business.   14 March 2018
Insurance
Markel taps Guy Carpenter exec for new ceded reinsurance head role
Specialty insurer Markel Corporation has appointed Julia Chu to the newly-created position of chief global ceded reinsurance officer.   14 March 2018
Insurance
Sirius picks growth segments as it aims to attract investors
Three years after Sirius International Insurance Group was acquired by China Minsheng Investment (CMIG International), the company is rolling out ambitious growth plans and is readying itself for a potential initial public offering, Allan Waters, the company’s chief executive, tells Intelligent Insurer.   14 March 2018
Insurance
Ryan Specialty partners with National Cargo Bureau
Ryan Specialty Group's (RSG) independent marine insurance consultancy and claims adjusting company Smooth Waters has entered into an engineering service agreement National Cargo Bureau (NCB).   13 March 2018
Insurance
AIG sells $502.5m in Arch shares
AIG is selling 5,674,200 shares in Arch Capital Group with a total value of $502.5 million.   13 March 2018
News
Hannover Re avoids P&C 2017 underwriting loss
Despite large natural catastrophe losses Hannover Re managed to post an underwriting profit for 2017 in its property/casualty (P&C) reinsurance operations.   13 March 2018

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