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Omers to invest $1bn in Allied World

The Ontario Municipal Employees Retirement System (Omers) has agreed to commit $1bn towards Fairfax Financial's acquisition of Allied World

Charlie Thomas, 27 January 2017
Insurer and bank combination makes sense: Intesa CEO

Intesa Sanpaolo CEO Carlo Messina said the integration of insurers into a banking network is a possible avenue for growth, as his company considers a takeover of Italian carrier Generali

Matthew Neill, 27 January 2017
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27 January 2017
Fires destroy town in Chile

Forest fires in Chile have destroyed 1,000 buildings in the town of Santa Olga, one of several communities reduced to ashes as wildfires spread across the country.

Bernard Goyder, 27 January 2017
Mississippi storms lead to flooding and university closure

Severe storms that struck the US state of Mississippi over the weekend have resulted in minor flooding and the closure of William Carey University, a Baptist institution south of downtown Hattiesburg

Charlie Thomas, 27 January 2017
Equinox pursues Brexit contingency plan in Hamburg

Trade credit insurer Equinox Global will soon submit its application to set up a German subsidiary in preparation for Brexit

Laura Board, 27 January 2017
Lloyd’s CEO Beale details Brexit thinking

Lloyd's CEO Inga Beale said the Corporation hopes to avoid having to erect elaborate infrastructure for the EU subsidiary it is looking to establish to retain market access after Brexit

Laura Board, 27 January 2017
Former MSIG CEO McKee takes top Cathedral job

Andrew McKee, most recently CEO of MS Amlin's managing agency, has been appointed as the new CEO of Cathedral, Lancashire's Lloyd's arm.

Adam McNestrie, 27 January 2017
AJ Gallagher’s broking segment grows 3.6% in Q4

Acquisitive broking house Arthur J Gallagher reported organic growth in its brokerage segment of 3.6 percent to generate revenue of $833.2mn in the final quarter of last year.

Dan Ascher, 27 January 2017
AIG insurance units may be downgraded by AM Best

Financial strength and issuer credit ratings for AIG and its insurance subsidiaries have been put under review with negative implications by AM Best after the giant insurer said a material adverse reserve adjustment in its commercial lines would affect fourth quarter results

Ted Bunker, 27 January 2017

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