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Cooper Gay Swett & Crawford (CGSC), the global wholesale, underwriting management and reinsurance broking group, has said it will look to sell its North American business unit, CGSC North America. 16 November 2015
Insurance
UK Insurance broker Jelf has announced that its shareholders have approved the acquisition of the firm by Marsh and McLennan Companies (MMC). 30 October 2015
Insurance
Fairfax Financial has acquired QBE’s insurance operations in Ukraine, an operating generating over $5million in gross written premiums. 5 February 2015
Insurance
The use of managing general agents (MGAs) has increased in response to tough market conditions and the changing business model of the re/insurance industry. Below, Intelligent Insurer profiles 50 of the leading MGAs by turnover, comparing year on year pre-tax and operating profit. 7 May 2015
Insurance
Alleghany president Weston Hicks bets on investments outside of re/insurance to boost profitability. Hicks sees little upside from buying back shares, and the company’s $1 billion in relatively liquid assets gives it the flexibility to take advantages of opportunities such as market hardening, if they come to fruition. 29 March 2017
Insurance
Ironshore has appointed Emily Merola as branch executive of the Western Pennsylvania and West Virginia region to lead development efforts in the newly established Pittsburgh office. 12 November 2015
Insurance
Insurance firm Beazley is expanding its fine art and specie capabilities through the hire of two Lloyd’s underwriters in the field, Mark Bosshard and Scott Sellick. 18 May 2016
Insurance
Ironshore’s Pembroke Managing Agency has entered into a management agreement with Old Mutual Group to underwrite select specialty lines for African risks. 16 June 2016
Insurance
A one-size-fits-all regulatory approach and global regulatory convergence more generally is a big concern for the US property/casualty (P&C) industry, Jim Wallace, incoming chair of PCI and the chief executive of GuideOne Insurance, told PCI Today. 26 October 2015
Alternative Risk Transfer
The wide divergence in loss estimates given by the risk modelling community in the aftermath of the US hurricanes could prompt more re/insurers to invest in their own analytical capabilities and get a better handle on their data. 16 October 2017
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