US thinktank the Tax Foundation has said that a provision in President Obama's proposed 2015 budget could reduce US GDP by $1.35bn and raise the cost of capital over the long term.
Tokio Marine Kiln's Syndicates 510, 557 and 308 have each closed the 2012 underwriting year of account at a profit, the firm announced last week (19 February).
Arthur J Gallagher (AJG) executives Janice Deakin and Adrian Brown are both set to join Towergate's executive team, the firm announced today (23 February)
Lloyd's motor insurer ERS, previously Equity Red Star, has reported a full-year profit of £8.3mn for 2014, up £28mn compared to the previous year, the firm said today (20 February).
German insurance group Talanx is selling its Ukrainian and Bulgarian subsidiaries to Bulgarian insurance group Euroins, the firm announced today (20 February).
Ratings agency Fitch has placed Brit Insurance on rating watch negative following the announcement of the insurer's expected $1.88bn sale to Fairfax Financial.
