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Barbican hires AGCS duo to rebuild cyber team

Barbican has hired Graeme King and Richard Spotswood from Allianz Global Corporate & Specialty (AGCS) to lead its cyber business, The Insurance Insider has learned.

Catrin Shi, 13 February 2017
Statement from David Boies regarding Greenberg lawsuit

Full statement from David Boies, lawyer to Maurice "Hank" Greenberg, regarding the settlement.

13 February 2017
Generali to cut more costs to stave off Intesa: report

Generali is reportedly planning additional cost cuts to persuade its shareholders to back its independence in the face of interest from Italian bank Intesa Sanpaolo.

Matthew Neill, 13 February 2017
Aon to use Hewitt unit proceeds for M&A and buybacks

Aon will channel proceeds from the $4.8bn sale of its benefits administration and HR business process outsourcing platform to Blackstone towards a blend of share repurchase and M&A, according to management on a call with analysts.

David Bull, 11 February 2017
Greenberg settles NY securities fraud charges for $9mn

Former AIG boss Maurice "Hank" Greenberg has agreed to settle a civil securities fraud case, paying $9mn to put an end to the long-running prosecution, but his lawyers almost immediately attacked the way the settlement was portrayed by New York Attorney General Eric Schneiderman.

Dan Ascher, 11 February 2017
Cincinnati Financial raises and widens cat bond cover

Cincinnati Financial’s insurance unit renewed its Skyline Re cat bond as a private placement, raising $180mn of reinsurance limit and expanding its coverage, JLT Capital Markets said.

Fiona Robertson, 11 February 2017
Price Forbes picks up JLT life sciences team

Price Forbes has hired a team of four life sciences specialists from JLT to expand its seven-strong healthcare brokerage operation

Laura Board, 10 February 2017
Marine market braces itself for $25mn war loss

MS Amlin is the lead insurer on a $25mn marine war loss from a ship sunk off the coast of Yemen in October, The Insurance Insider can reveal

Matthew Neill, 10 February 2017
Aon reports 3% organic growth in Q4

Aon's broking operations posted organic revenue growth of 3 percent in the fourth quarter of 2016, the professional services giant said today

Iulia Ciutina, 10 February 2017
Insured nat cat losses $39.5bn in 2016: Willis Re

Global insured natural catastrophe losses totalled $39.5bn in 2016, the highest level since the $60bn of losses suffered by the industry in 2012, according to Willis Re

Matthew Neill, 10 February 2017

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