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  • General Insurance Corporation of India (GIC) is devising an aggressive expansion plan to develop a bigger international presence fuelled by rapid growth in its home market and its forthcoming IPO
  • Heritage is set to hand its entire combined reinsurance placement to Aon Benfield after it closes its acquisition of Northeast US carrier Narragansett Bay, The Insurance Insider can reveal
  • Specialist broker Alesco Risk Management Services has made its fifth energy appointment this month after recruiting Bob Choppen, a deputy managing director of energy at Willis Towers Watson
  • JLT Specialty USA has hired Aon construction broker Andy O'Brien as a partner, as the group works to integrate its joint venture with Construction Risk Partners into its US operation.
  • Specialist motor insurer Sabre is gearing up for an IPO after its auction process failed to attract the valuations its private equity owners were targeting, The Insurance Insider can reveal.
  • US property cat carriers could be forgiven for wondering if their lot will ever improve as margins continue to feel the squeeze of a pervasive soft market
  • Australian carrier QBE has appointed Chris Kurinsky as CEO of its Malaysian subsidiary, QBE Insurance (Malaysia) Berhad.
  • National General CEO Barry Karfunkel faces a grilling from a bipartisan group of US senators who want some answers on how the carrier contributed to Wells Fargo’s collateral protection insurance scandal in which over half a million borrowers were charged for auto cover they did not need.
  • Heritage shares fell 15 percent in New York trading today just days after the Floridian homeowners specialist announced a $250mn deal to buy Narragansett Bay.
  • Maiden Holdings and AmTrust shares fell for a second day in New York trading as the market continued to absorb the sister companies’ second quarter results, released late Tuesday.