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Cargo plane crashes in Colombia

A cargo plane has crashed in eastern Colombia, killing five crew members and injuring another, according to media reports.

Catrin Shi, 21 December 2016
Fairfax-Allied deal has $196mn break fee

Fairfax's $4.85bn takeover of Allied World is subject to a $196mn termination fee, according to an 8-K filing by Allied World.

Charlie Thomas, 21 December 2016
Liberty Mutual raises $160mn for Limestone capital markets vehicle

Liberty Mutual has established a new multi-year collateralised reinsurance vehicle, the $160mn Limestone Re, which will provide reinsurance support for its property catastrophe, homeowners' and London market specialty insurance portfolios.

Fiona Robertson, 21 December 2016
London market profit outlook remains grim: PwC

Holiday cheer on Lime Street may be in short supply this season as the outlook for insurers heading into next year can scarcely be called joyful, according to PwC.

Ted Bunker, 21 December 2016
Allied World downgrade ‘likely’ post-Fairfax deal: S&P

AM Best and Standard & Poor’s both placed Allied World’s credit ratings on watch today following its agreed $4.85bn sale to Fairfax Financial, and S&P warned of a possible downgrade to bring the firm into line with the other operating entities owned by its prospective parent.

Ted Bunker, 21 December 2016
Former Mitsui at Lloyd’s CEO McKee departs MS Amlin

Andrew McKee, CEO of MS Amlin’s managing agency, is to leave the Lloyd’s arm of Mitsui Sumitomo later this month.

Adam McNestrie, 20 December 2016
20th anniversary issue

The passing of 20 years of The Insurance Insider is a moment to celebrate the achievements of a publication that is now firmly embedded in the global P&C (re)insurance sector.

20 December 2016
Enstar to take on Gable run-off

Legacy and now-live carrier Enstar has been appointed as run-off manager for the now-defunct Gable Insurance, which was sunk by the increased capital requirements of Solvency II.

Dan Ascher, 20 December 2016
The Insider 50

Share price data on The Insurance Insider's universe of P&C (re)insurers

20 December 2016
BGC likely to get Besso as process comes down to wire

BGC looks likely to emerge as the winner of the sale process for independent London market broker Besso, The Insurance Insider can reveal.

Adam McNestrie, 20 December 2016

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