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  • Bhuvinder Judge and Rob Saxon have both resigned from ProSight, as the under-fire carrier continues to search for a buyer for its Lloyd's business. Judge had been head of delegated underwriting at ProSight Specialty Underwriters since 2012, while Saxon had worked at ProSight since 2013, most recently as head of underwriting management. Judge will join CNA as head of delegated underwriting, while Saxon is moving to Capita Managing Agency in an underwriting management role...
  • Marine specialist broker AG, formerly known as Alston Gayler, is gearing up for a possible sale, The Insurance Insider can reveal.
  • Two trade bodies have called for the revamped Ogden discount rate to be based on the long-term average yield from a low-risk investment portfolio and for the rate to be reviewed every three years
  • Mutual insurer LV= is in talks with Allianz over a sale of its general insurance (GI) arm, according to a report
  • Former Darag CEO Arndt Gossmann has been appointed to the management board of Russo-German insurer Sovag to assist the carrier's restructuring efforts.
  • An increase in catastrophe and large losses pushed operating profit at Allianz's P&C unit down 12.7 percent in the first quarter to EUR1.3bn ($1.4bn).
  • An increase in catastrophe and large losses pushed operating profit at Allianz's P&C unit down 12.7 percent in the first quarter to EUR1.3bn ($1.4bn).
  • Legacy heavyweight Catalina has lit the touch-paper on its strategic process, with interested parties invited to submit indicative proposals by the end of the month, The Insurance Insider can reveal
  • Aon is parting company with a number of its senior construction executives as it executes an ongoing headcount reduction across its management ranks, The Insurance Insider can reveal
  • Paul Clark, the BCG partner and author of the London Matters report, warned this publication last week that if London scales back its underwriting as a cycle management tool it places itself at risk of becoming a highly profitable niche