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PartnerRe’s non-life profits plunge 40%

Specialty profits have suffered despite writing significantly more business.

Rachel Dalton, 27 July 2018
The contrasting post-IPO fortunes of EverQuote and Goosehead suggest the human touch still counts for a lot in personal lines cover

Given the buzz around InsurTech and the pending disintermediation of insurance distribution, an IPO from an established digital player nestled next to a summit of innovation in Cambridge, Massachusetts might have been expected to take off like a rocket.

Ted Bunker, 27 July 2018
NTA General owner Ace Financial has acquired Coastal Brokers

The new owner plans to expand Coastal's wholesale operations beyond California.

Ted Bunker, 27 July 2018
AIG targets 6% UK staff reduction in efficiency drive

Sources said the redundancies in the insurer’s 2,000 workforce would be focused on back office functions.

Catrin Shi, 27 July 2018
Aon beats Q2 expectations as organic revenue rises 5%

Total revenue increases 8 percent to an above-forecast $2.56bn at the Greg Case-led broker, while restructuring charges total $195mn.

John Hewitt Jones, 27 July 2018
Universal’s Irma losses rise 20%

The Florida insurer’s losses from the September hurricane hit $600mn.

Fiona Robertson, 27 July 2018
Marsh pegs restructuring cost at $100mn

Streamlining will strip out layers of management at the broker.

Rachel Dalton, 27 July 2018
IUA expands Brexit contract continuity clause for subscription business

The new wording builds on the non-subscription market clause the IUA published last month.

Laura Board, 27 July 2018
Starr names Mora as head of international A&H

The executive will manage the line of business outside Canada and the US.

John Hewitt Jones, 27 July 2018
Rivera gains swift promotion to Tokio Marine HCC CEO role

The recently arrived COO is to replace Christopher Williams, who will become co-head of the Japanese parent’s international business.

Matt Neill, 27 July 2018

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