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Insurance
Insurance broker NFP has acquired Arizona-based property/casualty (P&C) firm McCullough Insurance Agency to further expand its presence in the Southwest market. 8 May 2017
Insurance
A $9.8 billion reinsurance deal with AIG and the UK’s Ogden discount rate change weighed on Berkshire Hathaway’s first quarter results. 8 May 2017
Insurance
Bermuda-based mortgage insurance provider Essent Group has expanded its business in the first quarter of 2017, helping to lift profits. 8 May 2017
Insurance
Over half of UK based small and medium-sized enterprises (50.8 percent) say that their insurance broker has not raised the issue of cyber insurance with them, according to a survey by specialist lines underwriting agency CFC Underwriting. 8 May 2017
Insurance
Severe wind and hail storm losses have dented Boston-based Liberty Mutual Holding Company’s profits in the first quarter of 2017 while the company grew organically and via the acquisition of Ironshore. 5 May 2017
Insurance
Strong investment results helped boost an otherwise tepid set of first quarter results for Alleghany Corporation, which owns TransRe, in which its profits dipped because of lower underwriting profits less reserve developments and the business also shrank slightly. 5 May 2017
Insurance
US-based Ryan Specialty Group (RSG) has appointed Kathy Burns as senior vice president, chief digital officer, based in Chicago. 5 May 2017
Insurance
Argo Group posted a profit of $36.7 million in the first quarter of 2017, a 25 percent increase on the $27.7 million it made over the same period of 2016. 4 May 2017
News
Swiss Re offered some interesting insights into its future strategic priorities in its results covering the first quarter of 2017 as it emphasised initiatives to close so-called protection gaps in society and opportunities in Asia. 4 May 2017
Insurance
UK insurer RSA incurred a net charge of around £40 million in the UK relating to the change in Ogden discount rate but was able to more than offset it through positive reserve development elsewhere in the group, the company said in its 2017 Q1 trading update. 4 May 2017
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