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Insurance
Markel Corporation enjoyed some growth in 2016, in its reinsurance unit in particular, while net realised gains on investments propped up its profits that would have otherwise dipped due to less favourable underwriting results. 9 February 2017
Insurance
Canada-based Fairfax Financial Holdings, a property and casualty re/insurer, has agreed to acquire New Zealand-based general insurer Tower for an all-cash deal. 9 February 2017
Insurance
Specialist insurer Beazley has hired new underwriters its US underwriting team focused on small to mid-sized business (SMEs), and regional sales manager in the accident and health division. 9 February 2017
Insurance
Bermuda-based AXIS Capital Holdings has appointed Kelly Dworniczek as vice president, public D&O and fiduciary product manager, for the commercial management solutions (CMS) team. 9 February 2017
News
Spain's Mapfre increased its gross written premiums by 2.2 percent year-on-year in 2016 to €22.81 billion. Mapfre’s net profit for 2016 increased by 9.4 percent to €775 million, driven by its units operating in Spain, Brazil and the US, the company said. 8 February 2017
Insurance
Reinsurance broker Aon Benfield has appointed Jeremy Goodman as global head of broking strategies. 8 February 2017
Insurance
Profits at US insurer Assurant soared in 2016 thanks to one-off gains despite high levels of catastrophe losses that caused its combined ratio to hit 105 percent in the fourth quarter of 2016 alone and its operating profits to plummet. 8 February 2017
Insurance
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired a Texas-based employee benefits consulting firm iaCONSULTING. 8 February 2017
News
Bermuda-based reinsurer Tokio Millennium Re (TMR) has acquired the license for the casualty catastrophe modelling solution Oortfolio of California-based Insuretech analytics company Praedicat Solutions. 8 February 2017
Insurance
SCOR has increased its property/casualty (P&C) premiums by 5.4 percent during January 2017 renewals at constant exchange rates to $3.2 billion. 7 February 2017
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