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The UK’s vote to leave the European Union will be the biggest event that 2016 will be remembered for with many market commentators citing the uncertainly it triggers as a big problem for the industry with a long and protracted negotiation process detailing the terms of exit proceeds. 29 December 2016
Insurance
NN Group and Delta Lloyd have reached a conditional agreement under which NN Group will buy Delta Lloyd for €5.4 per share which equates to €2.5 billion. The companies said the deal has been driven by competitive market conditions and the capital requirements of Solvency II. 23 December 2016
Insurance
Helios Underwriting, the business that provides a limited liability direct investment into the Lloyd's insurance market, has agreed to buy Pooks, a limited liability member of Lloyd's that participates in a spread of Lloyd's syndicates, for £870,659 in cash. 22 December 2016
Insurance
Pro Global Insurance Solutions has agreed to sell Pro Services, its outsourcing and consulting business which represents the majority of its trading activities, to focus on supporting the growth of Asta, third party managing agency at Lloyd's. 22 December 2016
Insurance
AM Best has upgraded the financial strength rating of Arab Insurance Group (Arig) to A- (Excellent) from B++ (Good). The outlook of the rating has been revised to stable from positive. 22 December 2016
Insurance
Andrew McKee, the chief executive officer of MS Amlin Underwriting at Lloyd's, is set to leave the company on Dec. 23. 21 December 2016
Insurance
Specialist insurer Markel International has appointed Lynette Brown as underwriter in its livestock team and Emilie Larson as underwriting assistant for the equine team. 21 December 2016
Insurance
2016 has again been a benign year in terms of large catastrophe losses, but geopolitical developments have added new challenges to the sector. Intelligent Insurer asked executives from re/insurance firms including Swiss Re, Argo, AM Best and Willis Re for their opinions on the most important developments in the re/insurance industry in 2016. 21 December 2016
Insurance
Some of the pressures the re/insurance sector faced in 2016—low interest rates, uncertainties around Brexit and a soft market—are likely to persist in 2017. But some additional drivers are set to affect the performance of the sector, as described by executives from major players such as Markel, Swiss Re and Willis Re. 21 December 2016
Insurance
As India opens its market to international reinsurers, the Insurance Regulatory and Development Authority of India (IRDAI) expects foreign reinsurers to secure final clearance to open branches soon and several to be operational within six to nine months. 20 December 2016
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