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  • AIG CEO Peter Hancock should have resigned the day the reserve charge was announced.
  • Expansive US retail broker and employee benefits consulting firm Epic has bought its smaller rival The Capacity Group (TCG) in a deal that gives it a strong Northeast regional platform for further growth.
  • In the spring of 2013, ILS triggered a crash in the traditional property cat reinsurance market.
  • Claims chaos could erupt if there is no clear transitional arrangement in place when the UK leaves the EU, London Market Group (LMG) chairman Nicolas Aubert has warned.
  • Equity analysts have responded positively to the resignation of AIG president and CEO Peter Hancock, and claimed the company now ideally needs to find a successor with underwriting expertise and experience in turning around an ailing company.
  • AIG shares climbed 1.6 percent in early New York trading as investors reacted positively to the resignation of CEO Peter Hancock
  • Dominick Hoare, the chief underwriting officer of the Munich Re Syndicate, has been elected unopposed to the Lloyd's Council, Lloyd's said today.
  • Peter Hancock has resigned as president and CEO of AIG, citing a lack of "wholehearted shareholder support" for his leadership after the company posted weak fourth quarter results.
  • Ireland has received five applications from carriers looking to establish subsidiaries following the Brexit vote, but has continued to insist that would-be entrants have a substantive presence.
  • Axa has launched Axa Global Parametrics to widen its parametric insurance solutions, the company announced today