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Insurance
Chaucer, an insurance group underwriting at Lloyd's, has launched a Dublin-based subsidiary to write international specialty re/insurance business, after receiving approval from the Central Bank of Ireland. 21 June 2017
Insurance
Pen Underwriting, a subsidiary of insurance broker Arthur J Gallagher, has appointed James Palmer as senior underwriter to strengthen its regional brokers in getting and retaining new business. 28 November 2016
Insurance
Adam Szakmary, the former CEO and portfolio manager at Blue Capital Management, has joined Hiscox Insurance Company Bermuda as director of underwriting. He replaces Damien Smith, who is returning to London after six years in Bermuda to become the head of specialty for Hiscox Re. 3 May 2017
News
Gross written premiums grew steadily at Greenlight Capital Re in the first quarter as its CEO said he was pleased with the January renewals. But the company’s profits plummeted largely as a result of higher expenses. 3 May 2017
Insurance
Ratings agency AM Best has removed Ironshore Insurance and its subsidiaries from “under review with developing implications” following its acquisition by Liberty Mutual Holding Company’s (LMHC). 2 May 2017
Insurance
French insurer AXA is acquiring Bermuda-based property/casualty commercial lines re/insurer XL Group for $15.3 billion (€12.4 billion) in cash. 5 March 2018
Insurance
Warren Buffett’s Berkshire Hathaway, which owns substantial insurance and reinsurance operations, posted record quarterly and annual results for 2017 – mainly fuelled by the big cuts to US corporate income tax, signed in by President Donald Trump last year. 26 February 2018
Insurance
The CEO of Heritage Insurance Holdings has boasted that the insurer cut its catastrophe reinsurance costs by 8.3 percent while improving terms and conditions in the placement of its 2017-2018 reinsurance programmes, which includes a mixture of traditional coverage, collateralised reinsurance and catastrophe bonds. 6 June 2017
Insurance
Bermuda-headquartered re/insurance company Sirius International has acquired US-based healthcare specialist ArmadaCorp Capital to boost its accident and health (A&H) insurance business. 4 April 2017
Insurance
Netherland-based insurance group Aegon has agreed to sell its two largest US run-off businesses, the pay-out annuity business and the Bank Owned / Corporate Owned Life Insurance business (BOLI/COLI), to Wilton Re. 22 May 2017
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