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  • Patriot National, a provider of services to insurers especially in workers’ compensation lines, sought US Bankruptcy Court protection from creditors as part of a plan to be acquired by secured creditors led by units of Cerberus Capital Management.
  • Revenue growth at Aon's reinsurance arm accelerated in the fourth quarter as overall quarterly earnings met consensus expectations.
  • Amazon proved its ability to hammer the value of other industries this week, and the P&C sector would do well to take notice.
  • Insurers are hopeful that an 11th-hour amendment to the UK version of sweeping EU data rules will allow them to continue handling sensitive personal information under the new regime.
  • Talbot will have to cease underwriting UK terrorism cover after parent company Validus' takeover by AIG since the acquirer is a member of Pool Re.
  • A new single claims agreement model for non-complex claims has launched today in the London market after receiving final approval from major insurance trade bodies.
  • Arch Insurance and US Specialty Insurance Company are seeking a judgment from the court of New Jersey to confirm they do not have to pay out for historic multi-million-dollar shareholder actions against pharmaceutical giant Pfizer.
  • XL Group’s fourth quarter operating profit dropped almost 10 percent to $116.1mn as it took a $315.2mn hit from previously announced catastrophe losses, driven by California wildfires.
  • The idea of directors and officers insurance becoming commoditised “is dangerous to me,” especially as cyber, cultural and corporate irresponsibility risks that corporate boards and managements face continue to get more complex, AIG CEO Brian Duperreault told a gathering of industry leaders today.
  • Carriers are becoming more active investors in InsurTech start-ups, according to data from Willis Towers Watson Securities.