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Allianz pays EUR244mn for Zurich Moroccan unit

Allianz has entered into a binding agreement to acquire Zurich's Moroccan subsidiary Zurich Assurances Maroc for EUR244mn ($274mn), it announced today (17 June)

Catrin Shi, 17 June 2016
Probitas names financial lines head

Probitas Syndicate 1492 has today (17 June) confirmed the appointment of Charles Boorman as head of its financial lines team, effective immediately

Catrin Shi, 17 June 2016
Flood losses to hit French and German H1 results

The first half 2016 earnings of French and German insurers will be dampened by flood losses following storms Elvira and Friederike, according to an AM Best note released yesterday (16 June)

Winifred Okocha, 17 June 2016
CGSC appoints head of strategy and change

Cooper Gay Swett & Crawford (CGSC) has appointed Wendy Kilminster as head of strategy and change, it announced today (16 June)

Winifred Okocha, 17 June 2016
Markel International appoints PI head

Markel International has appointed Bhavik Desai as head of professional indemnity (PI), according to Desai's LinkedIn profile

Catrin Shi, 17 June 2016
AmTrust acquires workers’ comp MGA

AmTrust has acquired managing general agency Total Program Management LLC (TPM) for an undisclosed cash amount, the international specialty (re)insurer announced yesterday (16 June)

17 June 2016
LMA hires operations director

The Lloyd's Market Association (LMA) has hired Tom Payne as director of market operations, it announced yesterday (16 June)

Winifred Okocha, 17 June 2016
Kumamoto quake claims near $3bn

Claims from the earthquake that struck Japan's Kumamoto Prefecture in April have now reached $2.9bn, according to the General Insurance Association of Japan

Catrin Shi, 17 June 2016
Korean Re expects record profit for 2016

Korean Re is expecting a record net profit of 190bn won ($162mn) for 2016, up 1.9 percent on the previous year, according to local media outlet Pulse News

17 June 2016
General Star adds contractors to delegated division

Gen Re's E&S unit General Star Management Company has added artisan contractor coverage to its delegated authority offering.

David Bull, 17 June 2016

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