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ABI and LMA call for radical overhaul of Ogden

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

Bernard Goyder, 12 May 2017
LV= exploring GI sale to Allianz: report

Mutual insurer LV= is in talks with Allianz over a sale of its general insurance (GI) arm, according to a report

Adam McNestrie, 12 May 2017
Gossmann resurfaces as Sovag board member

Former Darag CEO Arndt Gossmann has been appointed to the management board of Russo-German insurer Sovag to assist the carrier's restructuring efforts.

Matthew Neill, 12 May 2017
Allianz P&C Q1 profit falls on cat losses

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).

Charlie Thomas, 12 May 2017
Allianz P&C profit falls on cat losses

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).

Charlie Thomas, 12 May 2017
Catalina strategic process launched

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

Adam McNestrie, 12 May 2017
Senior Aon construction execs in departure lounge

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

David Bull, 12 May 2017
Opinion: relevance vs discipline

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

Adam McNestrie, 12 May 2017
Allianz P&C Q1 profit falls on cat losses

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).

Charlie Thomas, 12 May 2017
Bill to preserve and reform NFIP emerges in House

A measure extending the National Flood Insurance Program for five years may soon emerge in the US House of Representatives, where Republican leaders are circulating an outline of a bill to prevent the programme from expiring in September.

Ted Bunker, 12 May 2017

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