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Allianz names new CFO in board reshuffle

Allianz has reshuffled its supervisory board and appointed Giulio Terzariol as its new CFO, with effect from next year

Matthew Neill, 10 March 2017
LIU names Egnell as SVP for global financial risk

Liberty International Underwriters (LIU) has transferred Alexandre Egnell to New York from its Paris office to develop a global financial risk (GFR) offering in North America.

Dan Ascher, 10 March 2017
FedNat falls to net loss on Matthew and AOB losses

Federated National fell to a net loss of $12.1mn for the fourth quarter from a net profit of $9.3mn in the prior-year period as its bottom line was hit by Hurricane Matthew claims and attritional losses related to the assignment of benefits (AOB) crisis.

David Bull, 10 March 2017
Flood programme reform process kicks off in Congress

Opening the US flood risk market to wider participation by insurers won bipartisan support in the last Congress and lawmakers are looking for similar success this year

Ted Bunker, 10 March 2017
AssuredPartners agrees deal to buy Keenan & Associates

Expansive US broker AssuredPartners has agreed to acquire Keenan & Associates in a cash and stock deal.

David Bull, 10 March 2017
Florida AOB crisis flares as groups game system: study

Florida’s assignment of benefits (AOB) crisis can be partly blamed on a small number of lawyers and service providers who have helped fuel the explosive growth in lawsuits brought against insurers in recent years, a new study shows.

Ted Bunker, 10 March 2017
Opinion: Hancock’s departure

AIG CEO Peter Hancock should have resigned the day the reserve charge was announced.

Adam McNestrie, 10 March 2017
Epic buys NE broker The Capacity Group

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.

David Bull, 09 March 2017
LMG’s Aubert warns of post-Brexit claims risks

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.

Bernard Goyder, 09 March 2017
Opinion: ILS' 2013 revival

In the spring of 2013, ILS triggered a crash in the traditional property cat reinsurance market.

Adam McNestrie, 09 March 2017

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