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Insurers trade up on strong profits

P&C carriers and brokers that reported their fourth quarter results late yesterday or early today received a positive reception from investors, with the exception of Allied World.

Ted Bunker, 02 February 2017
Independent broker SSL weighs sale

London market independent marine broker SSL has retained boutique corporate advisory firm Opus Corporate Finance to explore a sale of the business, The Insurance Insider understands

Adam McNestrie, 02 February 2017
Allianz to take full ownership of Irish unit

Allianz is to buy the outstanding shares in subsidiary Allianz Irish Life Holdings (AILH) to take full ownership of the company, the German insurer announced today

Catrin Shi, 02 February 2017
Generali shares rise on Intesa bid hopes

Shares in Generali rose sharply today amid speculation that potential acquirer Intesa Sanpaolo could soon push the button on a takeover offer.

Laura Board, 02 February 2017
Guy Carpenter posts 3% organic growth

Marsh & McLennan Companies (MMC)'s reinsurance arm Guy Carpenter reported 3 percent underlying revenue growth for the fourth quarter of 2016

Catrin Shi, 02 February 2017
Hannover Re increases outwards protection at 1.1

Hannover Re increased its retro cover at 1 January with expanded use of its sidecar and a new retro cat cover, management said on a conference call today

Laura Board, 02 February 2017
Marsh completes J Smith Lanier deal

Marsh & McLennan Agency has completed its acquisition of J Smith Lanier & Co, a middle market US brokerage focused on insurance, risk management and employee benefits

Bernard Goyder, 02 February 2017
Chubb promotes Parry to head of European claims

Chubb has promoted UK claims director Steve Parry to head of claims for Europe, Eurasia and Africa.

Bernard Goyder, 02 February 2017
US tax reform will not change competition: McGavick

XL Group CEO Mike McGavick has dismissed claims that potential US tax reform under President Donald Trump would result in "huge competitive disruption".

Catrin Shi, 02 February 2017
Middle Eastern carriers’ ratings weaken in 2016: AM Best

Ratings downgrades exceeded upgrades for Middle Eastern (re)insurers in 2016, according to AM Best

Charlie Thomas, 02 February 2017

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