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Fitch remains negative on Towergate credit outlook

Fitch Ratings is maintaining a negative outlook on UK broker aggregator Towergate as uncertainty continues over its deleveraging process, turnaround efforts and tight liquidity position

Catrin Shi, 08 December 2016
JLT wins Aon accounts as defectors’ non-competes expire

Aon has lost a number of US accounts to rival broker JLT Specialty USA in the wake of a series of team raids over the past two years, The Insurance Insider has learned.

Dan Ascher, 08 December 2016
Mitsui Sumitomo using Nasa data for weather product

Mitsui Sumitomo Insurance is to launch a weather parametric product that utilises data from Nasa satellites, according to media reports

Lucy Jones, 08 December 2016
Aon outsourcing exit may not be EPS accretive: Credit Suisse

Credit Suisse analysts have expressed concerns over whether Aon's rumoured sale of its benefits outsourcing division would boost earnings per share (EPS)

Catrin Shi, 08 December 2016
Carlyle-backed consolidator JenCap adds NIF

US-based wholesale consolidator JenCap has made its fourth acquisition since being purchased by Carlyle, with an agreement to buy privately held NIF Group

Laura Board, 08 December 2016
Egyptian state reinsurer plans revived: reports

Egyptian state-owned insurer Misr Insurance Holdings has been appointed to lead a renewed bid to create a national reinsurance company in the country.

Matthew Neill, 08 December 2016
The Hartford warns on $50mn auto reserve charge

The Hartford has said it expects to take a $50mn pre-tax reserve adjustment in its personal and commercial auto lines book for the 2015 accident year.

Matthew Neill, 08 December 2016
Navigators sets 2-for-1 stock split

US specialty carrier Navigators is planning a two-for-one stock split, which will be payable as a stock dividend next month to shareholders of record on 30 December

Ted Bunker, 08 December 2016
Delayed Biba SME flood insurance scheme launches

The British Insurance Brokers' Association (Biba) has launched a commercial flood insurance scheme for its members, after a series of delays.

Laura Board, 08 December 2016
Brit confirms Wilson as group CEO

Brit has confirmed that Matthew Wilson will replace Mark Cloutier as group CEO, as revealed by The Insurance Insider yesterday

Matthew Neill, 08 December 2016

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