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FM Global gets Luxembourg licence for post-Brexit hub
Mutual property insurer FM Global has won a licence from Luxembourg that will let it set up a new European hub in the Grand Duchy as Brexit threatens to make a long-term base in London less useful.
Ted Bunker
,
31 May 2017
Gallagher makes deals to expand in Texas, Illinois
Acquisitive brokerage AJ Gallagher has concluded two deals that will help the intermediary grow its footprint in Texas and on home turf in Illinois
Dan Ascher
,
31 May 2017
EU gets clearance to sign covered agreement with US
The European Council has formally approved the covered agreement with the US that would harmonise insurance and reinsurance regulation across the Atlantic, in a move that may prompt action in Washington
Ted Bunker
,
30 May 2017
Sompo acquires rights to Novae FI book renewals
Sompo International, the Bermuda-based specialty arm of Japan's Sompo Holdings, has agreed to acquire renewal rights to Novae’s Syndicate 2007 financial institutions (FI) book.
Bernard Goyder
,
30 May 2017
Fairfax sells part of ICICI Lombard stake
Fairfax Financial has agreed to sell part of its stake in an Indian insurance joint venture with ICICI Bank for about $377mn.
Laura Board
,
30 May 2017
XL Catlin builds new Canada risk unit with Zurich hire
XL Catlin has opened a political risk, credit and bond (PRCB) practice in Canada and recruited Marvin Azzopardi from Zurich as the unit's senior underwriter
30 May 2017
The Insider 50
Share price data on The Insurance Insider's universe of P&C (re)insurers
30 May 2017
Allied World launches UK commercial unit
Allied World Europe has hired AJ Gallagher (AJG) broker Darren Rowe to run its new UK commercial insurance division, the carrier announced today.
Bernard Goyder
,
30 May 2017
Patriot National begins strategic review
The board of outsourced (re)insurance services provider Patriot National has announced a strategic review of the company nearly two months after it missed an extended deadline to file its 2016 results.
Matthew Neill
,
30 May 2017
IRB shareholders file for IPO clearance
Brazilian reinsurer IRB Brasil Resseguros has come a step closer to listing on the Sao Paolo Stock Exchange, with an application to the Brazilian securities regulator.
Bernard Goyder
,
30 May 2017
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