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Validus fits AIG ‘like a glove’: Duperreault
Validus' diversified business model and its ability to complement that of AIG was the driving force behind the US insurer's $5.56bn takeover of the Bermudian, AIG president and CEO Brian Duperreault said.
Catrin Shi
,
22 January 2018
AIG to buy Validus for $5.56bn
AIG has agreed to acquire Bermudian carrier Validus in a $5.56bn deal
Bernard Goyder
,
22 January 2018
Lockton hires Cook from Zurich for professions team
Gail Cook has joined Lockton from Zurich, where she was head of financial lines.
Bernard Goyder
,
22 January 2018
Beazley boosts EU financial lines team
Beazley has recruited a trio of financial lines underwriters, as the Lloyd's insurer continues to expand its presence in mainland Europe.
Bernard Goyder
,
22 January 2018
Friederike to cause German insured losses of EUR800mn: MSK
Windstorm Friederike caused estimated insured losses of EUR800mn ($979.9mn) in Germany, according to actuarial firm Meyerthole Siems Kohlruss (MSK).
Sofia Geraghty
,
22 January 2018
QBE hires Australia, NZ head of SME
QBE has hired Aaron Gavin from Allianz to the position of head of SME for its Australian and New Zealand operations
Laura Board
,
22 January 2018
Arch hires Percival from Chubb
Arch Underwriting has appointed Alison Percival as regional manager for financial lines at its Australian business
John Hewitt Jones
,
22 January 2018
Alternative capital to ‘plug’ HIM gap: Jefferies
Alternative capital funds and small reinsurers are likely to lift their loss estimates from hurricanes Harvey, Irma and Maria (HIM), according to Jefferies.
John Hewitt Jones
,
22 January 2018
Opinion: Insurance brain drain
AIG CEO Brian Duperreault has become the latest executive to warn of an insurance brain drain, noting last week that 400,000 people are slated to leave the industry in the next few years
Laura Board
,
22 January 2018
MetLife and FSOC close door on Sifi appeal
MetLife and the US Financial Stability Oversight Council formally sought to end the big life insurer’s status as a systemically important financial institution yesterday, which would leave New Jersey’s Prudential Financial as the last insurer under Federal Reserve oversight as a Sifi.
Ted Bunker
,
20 January 2018
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