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Napslo, AAMGA boards agree on merger
The boards of the National Association of Professional Surplus Lines Offices (Napslo) and the American Association of Managing General Agents (AAMGA) have approved a proposed tie-up between the trade bodies
Dan Ascher
,
19 April 2017
Opinion: Weakness in numbers
Evidence of an appreciable slowing in the rate of reductions in open market London business was there in the first quarter following three brutal years of cuts
Adam McNestrie
,
19 April 2017
Media and cyber MGA Nirvana launches
Rob Jones, former London media and technology manager at Axis Capital, has launched a media and cyber managing general agent (MGA) on the Castel platform, The Insurance Insider understands
Catrin Shi
,
19 April 2017
Insurers face talent shortage in a tech-driven age
Technology and aggregated data are changing the nature of the insurance business while an aging workforce is effectively recasting the industry in a younger, more digitally savvy and learning-oriented mould, delegates were told during Axis Re's Future of Insurance Symposium
Ted Bunker
,
18 April 2017
Technology could halve small commercial costs: Ryan
A technology app that can gather multiple carrier quotes for multi-line coverages could slash frictional costs and revolutionise the small commercial space, according to Ryan Specialty chairman and CEO Pat Ryan.
David Bull
,
18 April 2017
XL Catlin names Nationwide underwriter for surety role
XL Catlin has appointed Nationwide's head of large commercial surety to run its commercial bond insurance, the carrier said today
Bernard Goyder
,
18 April 2017
NFP acquires Associated Agency Group
Insurance broker and consultant NFP has bought P&C intermediary Associated Agency Group (AAG) for an undisclosed sum
Laura Board
,
18 April 2017
FCA to vet wholesale insurance, outsourcing arrangements
The Financial Conduct Authority (FCA) pledged today to undertake a market study on the wholesale insurance sector and a new review into the general insurance distribution chain as it shifts its focus from narrow consumer issues to market structures
Laura Board
,
18 April 2017
AIG confirms Hancock’s pay cut by a quarter
Outgoing AIG CEO Peter Hancock received 23 percent less remuneration in 2016 than the year before, the company has disclosed in a US Securities and Exchange Commission (SEC) filing
Bernard Goyder
,
18 April 2017
Towergate backers confirm Ryan Direct deal
Ryan Specialty Group has agreed a deal with private equity firms Madison Dearborn Partners (MDP) and HPS Investment Partners for its UK insurance services and claims management business Ryan Direct Group (RDG).
Matthew Neill
,
18 April 2017
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