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Insurance
Dutch insurer Delta Lloyd expects to receive the regulatory approval for the company’s €2.5 billion takeover by its competitor NN Group in the second quarter of 2017 but warns on the risks of the deal. 22 March 2017
Insurance
Re/insurer XL Catlin has appointed Karl Fischbach as head of binding authority and brokerage for its excess and surplus (E&S) insurance operation. 22 March 2017
Insurance
Randall & Quilter (R&Q), the insurance services and investment company, has acquired two captive insurance firms, Linco and ICDC, both of which are in run-off. 22 March 2017
Insurance
The management of CFC, the largest independent managing general agent (MGA) in the UK, are to execute a management buyout of the business with the backing of private equity firm Vitruvian Partners. 22 March 2017
Insurance
Property/casualty insurer Liberty Mutual Insurance has signed a definitive agreement to acquire the assets of managing general agent (MGA) TRU Services, which specialises in medical stop loss cover to mid and large-size medical plan sponsors. 22 March 2017
Insurance
RLI, a specialty insurer serving property/casualty and surety markets, has appointed Betsy McLaughlin as vice president and chief claim counsel, succeeding Brian Casey, who is set to retire on March 31. 22 March 2017
Insurance
ICAT Syndicate 4242 of Lloyd’s of London has issued its first catastrophe bond Buffalo Re Series 2017-1 that will offer indemnity reinsurance coverage for storms and earthquakes occurring in the US. 20 March 2017
Insurance
The number of completed mergers and acquisitions (M&A) in the global insurance industry fell to 387 in 2016, 13 percent down from the 444 transactions recorded in 2015, according to a new report. 16 March 2017
Insurance
US-based property/casualty insurer Liberty Mutual Holding Company reported attributable net income of $1.01 billion for 2016, an increase of $492 million versus the same period in 2015. 2 March 2017
Insurance
Specialty insurer Brit has launched a new US-based cyber and technology team with the appointment of Michael Carr as senior vice president to lead the offering. 1 March 2017
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