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At least 170 staff gone in CNA cull

CNA has let go at least 170 staff since August as the US insurer becomes the latest in the sector to roll out a wide-ranging efficiency programme, ‎The Insurance Insider has learned.

Dan Ascher, 22 December 2016
New Pro owner to support further growth: CEO

The chief executive of Pro Global, which has agreed to sell its services company to a private equity house, said the new owner plans to invest in further growth.

Dan Ascher, 22 December 2016
Collins gets January start date as Miller CEO

Greg Collins will take over from Graham Clarke as CEO of Miller from 1 January, the broker announced today.

Charlie Thomas, 22 December 2016
Moody’s puts Allied World on credit watch

Moody's Investors Service has become the latest ratings agency to put Allied World under review for a potential downgrade following the group's agreement to sell itself to Canada's Fairfax Financial for $4.85bn.

Laura Board, 22 December 2016
Helios acquires Lloyd’s LLV Pooks

Aim-listed carrier Helios Underwriting is to acquire Lloyd's limited liability vehicle Pooks for £870,659 ($1.1mn) in cash.

Charlie Thomas, 22 December 2016
Husky oil spill loss revised down to C$180mn

Husky Energy has notified the general liability market of a C$180mn ($134mn) loss from a Canadian oil spill which occurred in July, The Insurance Insider understands.

Adam McNestrie, 22 December 2016
AM Best upgrades Arig after Takaful Re run-off move

AM Best has upgraded its rating on Arab Insurance Group (Arig) of Bahrain, citing the company's ability to make strategic moves to improve its business.

Ted Bunker, 22 December 2016
Acrisure expands with Alaska credit union deal

Brokerage group Acrisure has acquired the commercial insurance and benefits business of AlaskaUSA Federal Credit union, adding 52 people to its geographically dispersed operations.

Ted Bunker, 22 December 2016
Pro sells itself to Acuity for £8.3mn

AIM-listed business outsourcing and consultancy firm Pro Global Insurance plc (PLC) has sold everything but its 30 percent Asta Capital stake to a recently formed private equity house for £8.3mn.

Dan Ascher, 22 December 2016
Investors warm to Fairfax-Allied World deal

Investors appear to be getting more comfortable with the $4.85bn Fairfax Financial bid for Allied World as shares of both companies climbed today with little in the way of fresh news to drive the market. Normal 0

Ted Bunker, 22 December 2016

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