News
Insurance
Fairfax Financial Holdings and Allied World Assurance Company Holdings have agreed to extend the deadline by which Fairfax has the option to increase the cash consideration, and correspondingly reduce the Fixed Value Stock Consideration, under the terms of the previously announced definitive merger agreement, to March 10, 2017. 6 March 2017
Insurance
Claims inflation is driving up reserves and impacting results, making further rate increases necessary to stabilise underwriting profitability, Liberty Mutual executives said during a March 2 results presentation. 3 March 2017
Insurance
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired a US-based private client and commercial lines independent insurance agency Blakestad. 3 March 2017
Insurance
London-based specialist re/insurer THB has appointed Toby Kayll as managing director of the marine division that offers broking services including hull and machinery, liability, cargo, and protection and indemnity. 2 March 2017
Insurance
US-based Fifth Third Insurance Agency has signed an agreement to acquire RG McGraw Insurance Agency that specialises in property/casualty insurance and risk management analysis for personal lines and commercial lines. 1 March 2017
Insurance
Due to the decision of the Lord Chancellor to cut the personal injury discount rate, Aviva expects to take a charge to its 2016 IFRS profit after tax of approximately £385 million. 28 February 2017
Insurance
Strong growth in its risk and insurance unit, which comprises JLT Re and JLT Speciality, help Jardine Lloyd Thompson Group post a solid set of results for 2016 with both growth and improved profits despite what it called challenging trading and economic conditions. 28 February 2017
Insurance
Enstar Group enjoyed a profitable 2016 and also solid growth. But it also warned that if pricing in many lines of business continues to deteriorate, its underwriting margins may suffer and it may need to write less premium in certain lines of business. 28 February 2017
Insurance
Jardine Lloyd Thompson Group unveiled a plethora of senior management changes at the same time as its 2016 results including a new group chief operating officer and new heads in Latin America and Canada. 28 February 2017
Insurance
Randall & Quilter Investment Holdings (R&Q), the non-life insurance and investment specialist, has conditionally raised £16.9 million through a placing of new ordinary shares, which it plans to use to boost its operations in Malta and the US and to make further acquisitions. 28 February 2017
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