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Progressive’s $75mn August cat bill driven by auto flood losses

US insurance giant Progressive incurred $75mn of catastrophe losses in August driven by the Louisiana floods.

David Bull, 16 September 2016
Willis Australasia head jumps ship to JLT

Willis Towers Watson Australasia chairman and CEO Tony Barber has switched to rival broker JLT after less than a year in the job

Matthew Neill, 15 September 2016
Starr appoints financial lines VP

Starr Companies has announced the appointment of Tim Haggerty as vice president of its financial lines division.

Iulia Ciutina, 15 September 2016
Tom Hamill to lead delegated authority work at LMA

The Lloyd's Market Association (LMA) has appointed Tom Hamill as senior executive, underwriting, it announced today

Winifred Okocha, 15 September 2016
XL Catlin hires Singapore property manager

XL Catlin today announced the appointment of Wilson Yeo as property manager for its Singapore insurance operations.

Iulia Ciutina, 14 September 2016
Fosun resumes twin-track Ironshore sale amid IPO concerns

Ironshore is again being offered to potential acquirers by Fosun amid concerns that an IPO will value the business at too heavy a discount to the purchase price, The Insurance Insider can reveal.

Adam McNestrie, 14 September 2016
Chinese firm Hillhouse to buy 9.9% Enstar stake from GS

Chinese investment firm Hillhouse Capital Group is set to buy a 9.9 percent stake in legacy-to-live carrier Enstar from Goldman Sachs' private equity arm, The Insurance Insider can reveal

David Bull, 14 September 2016
QBE brings $560mn US legacy book to market

QBE has launched an auction for a $560mn legacy book holding liabilities that mostly come from US subsidiary Praetorian Financial Group, The Insurance Insider has learned.

Catrin Shi, 14 September 2016
Notified Canadian wildfire losses fall

Early loss notifications for the Fort McMurray wildfires from Canadian cedants have been revised downwards, The Insurance Insider has learned.

Adam McNestrie, 14 September 2016
Westminster and London MP calls for regulatory rethink post-Brexit

Cities of Westminster and London MP Mark Field has called for the UK's financial watchdogs to review the cumulative impact of regulation on the (re)insurance sector and to play a more proactive role in its growth.

Charlie Thomas, 14 September 2016

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