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Insurance
Ardonagh sells stake in Broker Network for £30m
UK insurance intermediary Ardonagh Group has sold its remaining stake in the Broker Network business to Nevada Investment Holdings in exchange for a cash consideration of up to £30 million.   22 January 2018
Insurance
Tokio Marine hires Zurich underwriter to expand professional risks unit
Specialty insurer Tokio Marine has appointed Keith Miller as professional indemnity (PI), development underwriter within its Manchester office to further build its North West region footprint.   10 July 2017
Insurance
Outlook for French P&C sector negative for 2018: Moody's
Against a backdrop of intense competition hindering the industry's ability to raise prices, the outlook for the French property and casualty insurance sector is negative, according to a Moody's Investors Service report, published November 29.   29 November 2017
Insurance
Markel expands UK national markets business with ECIC acquisition
Specialty insurer Markel International has completed the acquisition of EC Insurance (ECIC), having received approval from the Prudential Regulation Authority.   29 November 2017
Insurance
Willis Towers Watson launches financial modelling platform
Willis Towers Watson has released a significant update to its modelling platform for property/casualty business.   29 November 2017
Insurance
Berkshire Hathaway 2018 results show P&C growth as Buffett criticises GAAP
Berkshire Hathaway stayed in the black in 2018 helped by its P&C and life and health insurance divisions, but its profits were hit by new accountancy rules that Warren Buffett, its chairman, criticised.   25 February 2019
Insurance
Brit hires from Arch to expand US professional lines
Brit Global Specialty USA (BGSU) has expanded its professional lines offering with the hiring of Rich Hartman from Arch Insurance.   16 January 2018
Insurance
Chubb appoints UK and Ireland head of professional indemnity
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.   3 August 2017
Insurance
$1.9bn nat cat hit drives Chubb into Q3 loss
Property/casualty insurer Chubb said on Oct. 26 that it reported a net loss for the third quarter of $70 million after recording pre-tax catastrophe losses, net of reinsurance and including reinstatement premiums, of $1.89 billion in the quarter.   27 October 2017
News
PartnerRe chief risk officer and P&C CEO depart
Bermuda-based PartnerRe has announced that its CEO of property and casualty Tad Walker, and chief risk and actuarial officer Marvin Pestcoe are set to retire from the company at the end of first quarter 2018.   29 June 2017

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