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HDI profit soars on improved underwriting

Operating profit at HDI Global jumped 42 percent to EUR296mn ($319.7mn) in 2016, as a result of "portfolio optimisation" measures to improve underwriting performance, the firm announced today.

Catrin Shi, 23 March 2017
HCC’s ProAg buys $67.4mn crop MGA

Tokio Marine HCC’s crop insurance unit Producers Ag has agreed to acquire agriculture managing general agent International Ag, the company announced late yesterday.

Dan Ascher, 23 March 2017
AIG management lines up for analysts’ inquisition

AIG's management team, absent lame-duck CEO Peter Hancock, can expect a grilling from sell-side analysts tomorrow in a first meeting since the executive's resignation earlier this month.

David Bull, 23 March 2017
Generali plans to sell 3 Latin American units: Reuters

Generali reportedly has put three of its Latin American subsidiaries up for sale as the Italian insurance giant seeks to streamline its operations as part of a wider efficiency drive.

Dan Ascher, 23 March 2017
Fairfax wins vote on $4.9bn Allied World deal

Fairfax Financial won approval from Allied World shareholders for its proposed $54-a-share offer to acquire the Bermuda-based carrier in a special stockholders' meeting, the companies said.

Ted Bunker, 23 March 2017
Beazley names ex-Guy Carp MD for US marine push

Specialty insurer Beazley named former Guy Carpenter managing director Stephen Vivian to lead its push into the US marine market.

Ted Bunker, 22 March 2017
Swiss Re picks Mitchell as head of property

Swiss Re has appointed Mike Mitchell as head of property and specialty reinsurance, filling a gap left by the promotion of Edouard Schmid to group chief underwriting officer.

Bernard Goyder, 22 March 2017
French carriers ramp up reinsurance buying: AM Best

France's top four cedants increased their non-life reinsurance and retrocession buying in 2015, though a slowdown among some smaller players contained the overall increase, AM Best said.

Laura Board, 22 March 2017
George Michael death claim to hit contingency market

The contingency market is facing a £3mn ($3.7mn) claim from Warner/Chappell Music following the death of pop star George Michael on Christmas Day 2016.

Charlie Thomas, 22 March 2017
Ping An 2016 P&C profit slips as expense ratio rises

Ping An's P&C net profit edged down 1.7 percent to 12.32bn yuan ($1.79bn) in 2016 as underwriting results softened.

Laura Board, 22 March 2017

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