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LMG chair calls for acceleration of market modernisation

London Market Group (LMG) chairman Nicolas Aubert has urged the market to support the body in speeding up the pace of modernising the London market.

Charlie Thomas, 08 February 2018
Willis IRR arm books 4% organic growth

Willis Towers Watson's investment, risk and reinsurance (IRR) business recorded 4 percent organic growth in fees and commissions in the final quarter of 2017, the broker revealed today.

Catrin Shi, 08 February 2018
Axis ekes out a beat despite cat losses

Axis Capital narrowly exceeded market expectations for fourth quarter earnings as net pre-tax cat losses more than doubled and the carrier’s combined ratio deteriorated past the break-even mark for the period.

Ted Bunker, 08 February 2018
Scor secures 3.7% premium growth at 1.1

French reinsurance giant Scor expanded its P&C reinsurance renewal premiums by 3.7 percent at constant exchanges rates at 1 January, the carrier announced today.

Charlie Thomas, 08 February 2018
Zurich plans $1bn buyback after 2017 underwriting loss

Zurich Insurance Group fell to a P&C underwriting loss for the full year 2017 after booking $700mn of previously announced net losses from hurricanes Harvey, Irma and Maria (HIM).

Catrin Shi, 08 February 2018
Beazley shares up 5% despite 2017 profit drop

Shares in Beazley rose 5 percent in early London trading this morning after the carrier posted a 2017 pre-tax profit which was down 43 percent year on year to $168.0mn.

Charlie Thomas, 08 February 2018
Hiscox bolsters retail unit with new global head

Hiscox is to move the current head of Hiscox USA to a new role at the helm of its global retail operations.

Laura Board, 08 February 2018
XL shares rise over 12% on Allianz M&A report

XL Group shares jumped 12.5 percent yesterday after a Bloomberg report said the Bermuda-based (re)insurer had drawn takeover interest from Allianz and possibly others.

Anthony Baldo, 08 February 2018
XL promotes Asia financial lines leader to international role

XL Group's insurance business has promoted Tim Powell to chief underwriting officer for international financial lines (IFL) from an Asia Pacific leadership role in that segment.

Laura Board, 08 February 2018
Kelley warns of ‘fragile’ (re)insurance market in 2018

Historical indicators suggest that the (re)insurance market in 2018 is likely to be more fragile than last year, despite encouraging signs around improving rates, according to Ironshore CEO Kevin Kelley.

Charlie Thomas, 08 February 2018

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