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BB&T narrows gap with AmWINS on wholesale revenues

BB&T's proposed acquisition of Swett & Crawford is projected to add more than $200mn of annual revenue to its wholesale division

10 March 2016
AIG secures US casualty reinsurance cover with Swiss Re

AIG has entered into a two-year reinsurance deal with Swiss Re to cede a share of its new and renewal US casualty book to the giant reinsurer

10 March 2016
Investor settles Moody’s ratings lawsuit for $130mn

Rating agency Moody's will pay the California Public Employees' Retirement System (Calpers) a record $130mn to settle a long-running lawsuit filed during the midst of the financial crisis

Catrin Shi, 10 March 2016
Qianhai Re gets green light from CIRC

The China Insurance Regulatory Commission (CIRC) has granted approval for the establishment of Qianhai Re

Charlie Thomas, 10 March 2016
Charles Taylor to increase tech focus

The insurance technology arm of diversified services group Charles Taylor will become "increasingly significant" as it invests further in the business, CEO David Marock has said.

Catrin Shi, 10 March 2016
Pen brings in head of crisis management

Pen Underwriting has appointed Rob Preston to the new role of head of crisis management

Matthew Neill, 10 March 2016
Hiscox to sell DirectAsia Hong Kong division

International specialty insurer Hiscox is to sell the Hong Kong division of its DirectAsia business to local group Well Link Group Holdings Ltd, the company announced today (10 March).

Matthew Neill, 10 March 2016
Charles Taylor shares up sharply after strong results

Diversified insurance services provider Charles Taylor reported strong results for 2015, with revenue up 17.1 percent to £143.4mn ($203.9mn) and adjusted pre-tax profits 24.4 percent higher at £14.2mn.

Mark Geoghegan, 10 March 2016
Aviva reveals $188mn cost of UK floods

London-listed carrier Aviva published a solid set of full-year results this morning (10 March) that included a stable UK combined ratio despite the December floods

Charlie Thomas, 10 March 2016
Hannover Re beats profit target for 2015

Reinsurance giant Hannover Re has published a record set of results for 2015, beating its own target of EUR950mn for the full-year by reporting a group net income of EUR1.15bn ($1.26bn).

Charlie Thomas, 10 March 2016

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