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Insurance
Broker Aon is to acquire US-based real estate and investment management firm Townsend Group, majority owned by Colony NorthStar, for $475 million. 4 September 2017
Insurance
Blackstone Insurance Solutions, a new business launched by private equity group Blackstone, has hired the former president of New York Life’s Investments Group as its chief executive. 10 January 2018
Insurance
Commercial insurance prices were nearly flat during the third quarter of 2017, according to Willis Towers Watson’s most recent Commercial Lines Insurance Pricing Survey (CLIPS). 11 December 2017
Insurance
A destructive wildfire raging in southern California has expanded significantly, scorching an area larger than New York City, BBC News reported on Dec. 11. 11 December 2017
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has hired mining specialist Stuart Hill as a director to strengthen its global mining and property capabilities. 18 October 2017
Insurance
Howden, the retail broking arm of Hyperion Insurance Group, has acquired a majority stake in New Generation Insurance Services (NGIS) in Oman. 13 November 2017
Insurance
Bermuda-based Aspen Insurance Holdings has made a series of key changes in its executive leadership team, as well as placed its UK-based MGA Aspen Risk Management (ARML) into run-off, and closed its Dublin office, in a move it hopes will strengthen the company's "competitive position" and enhance operational efficiency under Apollo's ownership. 15 May 2019
Insurance
Aspen Insurance's chief executive officer Stephen Postlewhite is leaving the business with immediate effect, according to a Jan. 26 press release. 29 January 2018
Insurance
After several years of rapid growth in terms of its headcount and product offering, Everest Insurance North America, the specialty insurance operation of the Everest Re Group, has entered a period of fine-tuning the business and executing as the rewards of the expansion start to filter through, Mike Mulray, chief underwriting officer of the business, told PCI Today. 30 October 2018
Insurance
An increase in losses from unmodelled non-catastrophe events has again illustrated the need for rate increases, Mohit Pande, head of US global property underwriting, Swiss Re, told PCI Today. 30 October 2018
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