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Insurance
Some 24 independent employee benefits, property/casualty, risk management and wealth management firms announced have joined forces to form Alera Group, a new independent national insurance brokerage and wealth management firm, with backing from private equity firm Genstar Capital. 5 January 2017
Insurance
Specialist re/insurance broker Besso Insurance has confirmed that it will be sold to BGC Partners, a global brokerage company which until now has operated in the financial and real estate markets. 5 January 2017
Insurance
The Hartford has completed a $1.5 billion excess-of-loss reinsurance deal with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway, which covers its asbestos and environmental liability exposures. 4 January 2017
Insurance
The Chartered Insurance Institute (CII) has appointed John Bissell as its chief operating officer (COO) and added him to its board of directors. 4 January 2017
Insurance
Bermuda-based Arch Capital Group (ACGL) has completed the acquisition of United Guaranty Corporation (UGC) from American International Group (AIG), further expanding its footprint in the mortgage insurance market. 4 January 2017
News
Five global reinsurers have secured a final licence from the Insurance Regulatory and Development Authority of India (IRDAI) to commence business operations in India. 3 January 2017
Insurance
Claims management firm Cunningham Lindsey has opened an office in Tokyo, and appointed Yutaka Tada to lead and manage the firms’ operations in Japan. 3 January 2017
Insurance
Re/insurer XL Group has appointed Abbe Goldstein to succeed David Radulski as director of investor relations, following Radulski’s retirement in March. 3 January 2017
Insurance
Michael Consedine, the former Pennsylvania Insurance Commissioner, has been named chief executive of the National Association of Insurance Commissioners (NAIC), effective in early 2017. 3 January 2017
Insurance
Traditionally slow at deploying technology, insurers and reinsurers are quickly realising that they need to respond to technological advances and innovate in order to remain relevant to clients, but not all are likely to succeed. 2 January 2017
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