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Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired retail insurance broker GPL Assurance in Quebec to further expand and diversify its footprint in Canada. 4 August 2017
Insurance
Strong investment results helped boost an otherwise tepid set of first quarter results for Alleghany Corporation, which owns TransRe, in which its profits dipped because of lower underwriting profits less reserve developments and the business also shrank slightly. 5 May 2017
Insurance
Swiss Re chief financial officer David Cole is set to step down on March 31, 2018, and will be succeeded by John Dacey, currently group chief strategy officer. 8 December 2017
Insurance
CFC Underwriting, a Lloyd's managing general agent (MGA), has announced that it has revamped its existing cyber insurance product to include innovative cover elements to protect policyholders against the emerging threats of the digital age. 3 April 2017
Insurance
Re/insurers must make it their priority to better understand cyber risk and absorb more of this liability—serving a vital role for society and generating growth for the industry in the process, Doris Höpke, member of Munich Re’s board of management, told Baden-Baden Today. 24 October 2018
Insurance
Hong Kong-based Peak Reinsurance Company’s premium income increased by 20 percent year-on-year in 2016 with a barely changed combined ratio but net profit was hit by lower investment returns. 3 April 2017
Insurance
Allianz Group and Liverpool Victoria Friendly Society (LV=) will launch a joint venture that will create the third biggest personal lines insurer in the UK thanks to a deal that values LV=’s general insurance at more than £1 billion. 4 August 2017
Insurance
While many of its rival reinsurers are seeking alternative growth opportunities through fee income relating to advisory services, technology or the use of alternative risk-transfer structures, Hannover Re’s chief executive officer Ulrich Wallin believes sufficiently profitable traditional risk transfer business will remain available for the foreseeable future. 25 May 2017
Insurance
Insurance lobby groups have expressed their disapproval of EIOPA’s new Ultimate Forward Rate (UFR) methodology will be applied for the first time in the calculation of the risk-free interest rates of January 2018. 6 April 2017
Insurance
The International Underwriting Association (IUA) has elected chairmen of a number of market committees. 15 July 2015
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