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AIG strikes $34bn legacy deal with Berkshire Hathaway

AIG has agreed the biggest legacy deal in the history of the P&C insurance market, with Berkshire Hathaway set to take on 80 percent of the risk on $34bn of the insurer's US commercial reserves

Matthew Neill, 20 January 2017
Beale rules out Malta from Lloyd's Brexit plan

Lloyd's of London is narrowing the range of countries it is considering for its post-Brexit EU headquarters, ruling out Malta, Lloyd's chief executive Inga Beale said in Davos today.

Bernard Goyder, 20 January 2017
Asia insurance rates to continue slide: Aon

Insurance rates in Asia are set to remain on a downward trajectory in 2017 due to the combination of abundant capacity, the benign catastrophe environment and positive underwriting results in 2016, according to Aon Risk Solutions

Matthew Neill, 20 January 2017
Tennessee wildfire losses exceed $800mn

Insurance claims from the Sevier County, Tennessee wildfires in November have reached $842mn, according to the Tennessee Department of Commerce and Insurance (TDCI)

Matthew Neill, 20 January 2017
Guy Carp takes quartet of brokers from Willis Re

A slew of senior Willis Re brokers based in Texas and Florida have defected to Guy Carpenter, The Insurance Insider can reveal.

Adam McNestrie, 20 January 2017
Markel Catco’s 2016 returns dented by four loss events

Markel Catco's Reinsurance Opportunities Fund reported annual returns for ordinary shareholders of 8.12 percent in 2016, down from an 11.6 percent gain in 2015, following a series of major loss events

Lucy Jones, 20 January 2017
UK insurers can withstand Brexit pressure: AM Best

AM Best does not anticipate any rating actions for UK insurers due to Brexit despite the expected impact of loss of access to EU business and economic challenges in the country.

Matthew Neill, 20 January 2017
Goddard takes specialty casualty role at WR Berkley

Miriam Goddard, head of professions at Hiscox, is to take up the role of director of underwriting for specialty casualty at W/R/B Underwriting, The Insurance Insider can reveal.

Charlie Thomas, 20 January 2017
India approves listing of five general insurers: report

The Indian government has reportedly granted in-principle approval for five state-owned general carriers to list on the country's stock exchange.

Matthew Neill, 20 January 2017
Aon unit sale may lead to other deals: analysts

Aon's reported plan to sell its benefits consulting business for about $4.5bn suggests it doesn't expect to gain a competitive advantage in the sector and that it may use some of the funds for smaller takeovers, analysts noted.

Ted Bunker, 20 January 2017

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