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CIRC considers overseas M&A leeway: report
The China Insurance Regulatory Commission (CIRC) is reportedly mulling a change to its regulatory framework which would ease overseas M&A by larger, more solvent companies.
Matthew Neill
,
06 March 2017
IAG, Suncorp count Sydney hailstorm cost
Australia's IAG and Suncorp on Monday gave updates indicating that the hailstorm which struck Northern Sydney last month would cost the two insurers together well over A$300mn ($227.9mn).
Laura Board
,
06 March 2017
Maiden to file delayed results
Bermudian carrier Maiden Holdings will file its delayed annual results later today after the company's auditor completed its 2016 year-end audit.
Matthew Neill
,
06 March 2017
Fairfax gets more time to raise cash for Allied World
Fairfax Financial's deadline to set the cash terms for its nearly $4.9bn acquisition of Allied World slid back a week as the Canadian P&C holding company sought extra time to find as much as $1.5bn more cash through investment partners.
Ted Bunker
,
04 March 2017
Avatar to buy fellow Floridian Epic
Avatar Partners has agreed to buy Elements Property Insurance Holdings and its insurance subsidiaries in a deal that brings two of Florida’s smaller homeowners carriers together.
David Bull
,
04 March 2017
Debt levels may pinch P&C carriers in a downturn: Best
The level of debt P&C insurers hold against capital has stabilised after years of decline following the financial crisis, but still could put carriers in a bind should current economic and market trends encounter disruptions, a new study from AM Best asserts.
Dan Ascher
,
04 March 2017
PartnerRe recruits Aon Benfield exec for LatAm head
PartnerRe has appointed Aon Benfield executive Humberto Cabrera as head of Latin America, according to a statement from the carrier today.
Bernard Goyder
,
03 March 2017
Calamos Asset Management is Exin's core backer
Calamos Asset Management, the investment vehicle run by Greek-American billionaire John Calamos, is the cornerstone backer for Matt Fairfield's broad-based (re)insurance start-up Exin, The Insurance Insider understands.
Adam McNestrie
,
03 March 2017
P&I Clubs face future stress: AM Best
The financial position of the International Group of protection and indemnity (P&I) clubs remains strong despite downward rate pressure caused by struggling fleet members and decreased investment income, according to AM Best
Matthew Neill
,
03 March 2017
Marsh buys US broker Blakestad
Global broker Marsh has acquired Minnesota-headquartered private client and commercial lines insurance agency Blakestad for an undisclosed sum
Matthew Neill
,
03 March 2017
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