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Insurance
Allianz Australia has appointed Richard Feledy as its new CEO, effective January 1, 2018. 5 May 2017
Insurance
Ratings agency AM Best has placed OneBeacon Insurance Group and its subsidiaries "under review with positive implications" following its acquisition by Intact Financial Corporation. 5 May 2017
News
Swiss Re blamed high levels of insurance claims from natural catastrophe events and a challenging business environment for a big slump in its profits in the first quarter of 2017 as gross written premiums at the company also decreased. 4 May 2017
Insurance
Property/casualty insurer Chubb has completed the integration of its key operating companies in Europe. The announcement follows the acquisition of Chubb Corporation by ACE in January 2016, creating a global insurance firm operating in 54 countries. 4 May 2017
Insurance
Insurer Chubb has expanded its life science team in the UK and Ireland to further build its specialty casualty insurance capabilities for middle-market and multinational businesses across the region. 4 May 2017
Insurance
Speciality property/casualty insurance group AmTrust Financial Services (AFSI) should take a reserve charge “in the hundreds of millions of dollars” and commit to “much-improved disclosure” in order to restore investor confidence, according to analysts at Keefe, Bruyette & Woods. 3 May 2017
Insurance
Adam Szakmary, the former CEO and portfolio manager at Blue Capital Management, has joined Hiscox Insurance Company Bermuda as director of underwriting. He replaces Damien Smith, who is returning to London after six years in Bermuda to become the head of specialty for Hiscox Re. 3 May 2017
Insurance
Following the completion of its acquisition of Ironshore, property/casualty insurer Liberty Mutual has combined its existing Liberty International Underwriters (LIU) US business and Ironshore’s US specialty lines business under the Ironshore brand. 3 May 2017
Insurance
Insurance group White Mountains has agreed to sell OneBeacon Insurance Group to Intact Financial Corporation, Canada's largest provider of property/casualty insurance, for approximately $1.7 billion. 3 May 2017
Insurance
Allianz enjoyed solid growth in the first quarter, according to preliminary figures published ahead of its full results though profits were down on a mixture of higher catastrophe claims and one off gains in the prior year. 3 May 2017
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