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QBE removes CFO in boardroom shake-up

QBE has replaced its CFO after just seven months in the latest shake-up at the restructuring insurer under recently installed CEO Pat Regan.

Bernard Goyder, 11 April 2018
AIG writes 40% of combined Walmart property programme

AIG has taken a huge 40 percent line on a newly consolidated property cover for retail giant Walmart that rolls its expiring US placement into a global structure, The Insurance Insider can reveal.

David Bull, 11 April 2018
Ariel Re buy ill-timed for Argo: CEO Watson

The timing of Argo’s acquisition of Ariel Re in last year’s first quarter was “unfortunate” because it meant net retentions for multiple reinsurance programs caused an additional impact on the bottom line, said the US specialty carrier’s CEO, Mark Watson, in the annual report it released today.

Laura Sanicola, 11 April 2018
CapSpecialty launches online excess casualty platform

US specialty insurer CapSpecialty has unveiled a cloud-based platform that it says vastly streamlines the end-to-end submission and underwriting process for buying excess casualty coverage.

David Bull, 11 April 2018
Gallagher buys Houston broker that serves truckers

AJ Gallagher acquired Integrity Transportation Insurance Agency, a retail property and casualty (P&C) broker serving Texas-based transportation clients, primarily long-haul truckers.

Laura Sanicola, 11 April 2018
White Mountains shares jump on $438mn buyback plan

Investors swarmed to buy White Mountains shares today, pushing the price up more than 6.4 percent to finish at $857.88 after the company said it would spend up to $437.5mn to repurchase common stock.

Rachel Dalton, 10 April 2018
Sirius gears up for $2bn+ IPO in London

Sirius expects to undergo an ownership shake-up during 2018, with a planned second-half London initial public offering (IPO) set to follow current efforts to secure a minority buy-in from two private equity houses.

Adam McNestrie, 10 April 2018
Argo 1200 reports £112.3mn loss for 2017

Property claims dogged Argo’s Syndicate 1200 in 2017, with the carrier reporting a combined ratio of 131.8 percent and an operating loss of £112.3mn for the year.

Charlie Thomas, 10 April 2018
Heritage hires Johns as Zephyr hurricane carrier chief

Florida's Heritage Insurance has appointed Tim Johns as president and CEO of Hawaiian residential hurricane insurer Zephyr Insurance Company.

Rachel Dalton, 10 April 2018
Beazley names Munich duo as broker relations, treaty leaders

Beazley has promoted Andreas Bergler to head broker relations in continental Europe, with his colleague Martin Fricke taking as over as head of treaty underwriting in Munich.

Bernard Goyder, 10 April 2018

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