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Liberty Mutual completes Ironshore acquisition

Liberty Mutual Insurance has completed its $2.9bn purchase of Ironshore from Chinese conglomerate Fosun.

Matthew Neill, 02 May 2017
Brown & Riding taps Partners brokers for Cal office

Expansive wholesale broker Brown & Riding has swooped on rival Partners Specialty Group (PSG) to make another trio of hires, this time for a newly opened Sherman Oaks, California office, The Insurance Insider can reveal.

David Bull, 02 May 2017
London market ‘finding the bottom’: Noonan

The speed of rate reductions on Lime Street has showed clear signs of slowing this year, according to Validus CEO Ed Noonan.

Adam McNestrie, 02 May 2017
Validus wraps up $127.5mn CRS crop deal with ADM

Validus Holdings took formal control of Crop Risk Services (CRS), a primary agricultural insurer with $555mn in gross premiums last year, from ag giant Archer Daniels Midland (ADM) to complete a $127.5mn transaction announced in January.

Ted Bunker, 02 May 2017
AmWins buys California’s Networked Insurance Agents

Acquisitive wholesale broker AmWins has added another group of agencies to its fold, this time buying Networked Insurance Agents, an aggregator with 1,100 affiliates in 11 western states.

Ted Bunker, 01 May 2017
Markel wraps up SureTec acquisition

Specialty carrier Markel has completed its $250mn acquisition of SureTec Financial, transferring the surety provider’s entire staff to its US insurance segment under the continuing leadership of CEO John Knox Jr in Houston.

Ted Bunker, 01 May 2017
AIG closes Fuji Life sale to FWD

AIG closed its sale of AIG Fuji Life Insurance Company in Japan to FWD Group, completing a transaction announced late last year as part of a drive to streamline the global carrier’s sprawling operations.

Ted Bunker, 01 May 2017
CNA beats on underwriting gains and investment returns

CNA reported first quarter operating profits of $235mn that were well up on the $91mn generated in the prior-year period.

David Bull, 01 May 2017
Barrette exits White Mountains with $21mn

White Mountains CEO Ray Barrette has received a $21mn payout on his retirement from the company - a sum large enough to erase the company's expected first-quarter earnings, according to one analyst.

Ted Bunker, 29 April 2017
Connealy steps aside as CEO of HCC’s ProAg

Michael Connealy, the CEO and president of Tokio Marine HCC’s crop insurance unit Producers Ag is set to step aside in a move that will put his top deputy in position to take up the role.

Dan Ascher, 28 April 2017

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