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ERS active underwriter Bacon departs

ERS Syndicate 218 active underwriter Mark Bacon has left the company after six years at the helm of its Lloyd's business

Matthew Neill, 05 May 2017
Blanc’s Aston Scott among Lark bidders

Aston Scott, the broker consolidator led by former Oval CEO Peter Blanc, is one of the final round bidders for Hiscox-backed broker Lark, The Insurance Insider can reveal

Adam McNestrie, 05 May 2017
Traditional reinsurers raise share on Citizens placement

Florida's state-backed insurer Citizens has put out firm order terms for its 2017 cat programme that include a further reduction in the overall limit it is placing but an increase in traditional reinsurer participation, The Insurance Insider can reveal.

David Bull, 05 May 2017
ICA adds two board representatives

The Insurance Council of Australia (ICA) has elected Lloyd's Australia's Chris Mackinnon and Zurich's Rajbir Nanra to its board.

Matthew Neill, 05 May 2017
Ryan Specialty Group recruits chief digital officer

Ryan Specialty Group has hired Kathy Burns, the CEO of Ventiv Technology, as its chief digital officer

Bernard Goyder, 05 May 2017
Opinion: A better Brexit

Like the embarrassed friends of a pair of divorcing Hampstead socialites, businesses have been politely averting their eyes from the unedifying break-up of the UK from the rest of the EU

Laura Board, 05 May 2017
Munich Re leads $29mn funding round at Next Insurance

California-based managing general agency (MGA) start-up Next Insurance has raised $29mn from investors led by Munich Re's InsurTech investment arm, HSB Ventures.

Bernard Goyder, 05 May 2017
AIG shares rise on earnings beat amid CEO hiatus

AIG shares closed up 1.8 percent last night as investors reacted favourably to a welcome earnings beat and further progress towards its targeted $25bn capital return target by year-end.

David Bull, 05 May 2017
State Farm sets auto cutbacks following $7bn loss

State Farm’s auto segment plans to close offices in 11 locations around the US, displacing 4,200 workers as the mutual giant reins in the operation following its $7bn underwriting loss last year.

Ted Bunker, 05 May 2017
Kinsale profit climbs 19% but still misses expectations

US specialty insurer Kinsale Capital reported first-quarter net income climbed about 19 percent to $6.3mn as investment gains surged and underwriting profit rose.

Dan Ascher, 05 May 2017

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