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XL gains board go-ahead for $1bn buyback

XL Group has gained board clearance for a new share buyback programme which allows the company to repurchase $1bn of common stock.

Matthew Neill, 17 February 2017
Opinion: AIG's contagious malaise

In its pre-financial crisis days of dominance, it could justifiably have been said that if AIG sneezed, the rest of the US commercial insurance sector would catch a cold.

David Bull, 17 February 2017
Willis Towers Watson promotes duo in Midwest

Willis Towers Watson has promoted Scot Housh to regional lead for its corporate risk and broking business in the Midwest US

Bernard Goyder, 17 February 2017
Jeff Greenberg divests $26mn Validus stake

Former Marsh & McLennan Companies CEO Jeff Greenberg has divested shares in Bermudian carrier Validus worth nearly $26mn

Matthew Neill, 17 February 2017
Allianz buyback needed to achieve 2018 target: Bernstein

Allianz's EUR3bn ($3.2bn) share buyback, the first in its history, is likely to be a capital deployment strategy to ensure the carrier achieves its 2018 financial targets, according to Bernstein analyst Thomas Seidl.

Catrin Shi, 17 February 2017
IAG enlists Singapore central bank for InsurTech hub

IAG has unveiled plans to launch an InsurTech incubator in Singapore in conjunction with central bank the Monetary Authority of Singapore (MAS).

Laura Board, 17 February 2017
Opinion: Lancashire’s secret sauce

Other London market firms will almost certainly be looking at Lancashire's Q4 results with a touch of envy

Catrin Shi, 17 February 2017
National Lloyds sale pulled

The proposed sale of Texas-based homeowners' specialist National Lloyds has been scrapped after owner Hilltop Holdings was unable to secure the price it was looking for, The Insurance Insider understands

Dan Ascher, 17 February 2017
Brit 2016 profit surges on improved investment return

Brit full-year operating profit bounced to $175.0mn for 2016 following a much-improved investment return and more favourable foreign exchange effects during the course of the year.

Catrin Shi, 17 February 2017
Cyber Security rules posted in final form by NY State

New York state regulators published their forthcoming cyber security rules today, hailed by Governor Andrew Cuomo as a landmark regulation that will protect sensitive consumer data held by insurers, banks and other financial services firms.

Ted Bunker, 17 February 2017

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