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Insurance
American International Group (AIG) reported a net loss of $3.04 billion, up from a negative $1.84 billion in the same period of 2015, impacted by a $5.6 billion prior year adverse reserve development. 15 February 2017
Insurance
Ratings agency AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the US life/health subsidiaries of Netherland-based insurance group Aegon. 8 May 2017
Insurance
Nexus Underwriting Management, the specialty managing general agent (MGA), has acquired London-based independent MGA Millstream Underwriting. 17 December 2015
Insurance
Imperium Insurance Management, the MGA which is soon to be launched in conjunction with Direct Insurance Group, has secured capacity with XL Catlin. 8 May 2015
Alternative Risk Transfer
Clive O’Connell, a partner at law firm Goldberg Segalla, discusses the changing ILS scene. 26 January 2015
article
The 15 2CVs that are taking part in the Monte Carlo or Bust event have successfully made it to Saint Martin la Pattrouille, despite a few mishaps on the way. 12 September 2015
Insurance
The Hartford has entered into a definitive agreement to sell its run-off life and annuity businesses Talcott Resolution to a group of investors for a total value of around $3 billion. 4 December 2017
Insurance
Endurance experienced substantial growth in almost all lines of business in the second quarter of 2016, largely driven by its acquisition of Montpelier Re but also by an expansion of its underwriting portfolio. Its profits for the period remained stable. 2 August 2016
Insurance
Independent broker Lockton has opened a new Morocco office, based in Casablanca Finance City, an economic hub for the region. 14 April 2016
News
Since it started writing external business some 10 years ago, VIG Re has built up a reputation as a specialist in Austria and Central and Eastern Europe. But it is now starting to set its sights further afield, Johannes Martin Hartmann, its chief executive, told Monte Carlo Today. 13 September 2017
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