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Neon hires Wade, Hayes as non-executive directors

Neon has appointed insurance industry veteran Michael Wade and banker Simon Hayes, to its Lloyd's managing agency board as non-executive directors.

Bernard Goyder, 31 January 2017
Navigators brings in Ingerslev as global cyber head

Specialty insurer Navigators has appointed Jacob Ingerslev to the newly created position of global practice leader for cyber liability, The Insurance Insider can reveal.

Adam McNestrie, 31 January 2017
Airmic CEO Hurrell to leave

Airmic CEO John Hurrell is to step down as head of the association after nine years in the post.

Matthew Neill, 31 January 2017
Validus acquires ADM crop insurance group for $127.5mn

Validus has agreed to buy a crop insurance group from agribusiness giant Archer Daniels Midland (ADM) for $127.5mn in cash, the insurer said today.

Ted Bunker, 31 January 2017
Aspen interest rate impact may spread across P&C group

Aspen’s declaration today that a jump in interest rates during the fourth quarter will knock about $190mn off the value of its investment portfolio led at least one analyst to say that assessments of mark-to-market adjustments for many carriers may have been a little too optimistic.

Ted Bunker, 31 January 2017
Marsh ousts Aon to win $100mn flood insurance contract

Marsh has wrested a US National Flood Insurance Program contract away from rival Aon after a months-long battle the two giants fought in Washington over the approximately $100mn plum deal.

Ted Bunker, 31 January 2017
Hiscox pulls out of political risk

Hiscox has placed its political risk insurance book into run-off, The Insurance Insider can reveal. Normal 0 false&

Bernard Goyder, 30 January 2017
London market 'could withstand $200bn event'

The London market would be able to survive two major events incurring cumulative insured losses of $200bn, according to a stress test exercise conducted by an industry steering group.

Lucy Jones, 30 January 2017
Axis hires two to London cyber team

Axis has hired Neil Arklie and Delvin Tillett to join its London cyber team following the departure of a handful of staff in the second half of last year

Catrin Shi, 30 January 2017
Madison Dearborn set to inject £40mn into Towergate

Towergate is poised to raise an additional £40mn ($42.8mn) of equity, with existing private equity backer Madison Dearborn Partners (MDP) offering to buy the newly issued shares

Laura Board, 30 January 2017

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