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Asia Capital Re eyes South Korea expansion

Singaporean reinsurer Asia Capital Reinsurance (ACR) has applied for permission to set up a branch in South Korea, according to local media reports

Matthew Neill, 12 February 2016
AIG exits LPL and targets other casualty withdrawals

American International Group (AIG) is exiting lawyers' professional liability (LPL) business and conducting full or partial withdrawals from the environmental and construction casualty sectors, The Insurance Insider can reveal.

David Bull, 12 February 2016
Reserve charge sends AIG P&C to $2.34bn loss

American International Group's (AIG) property casualty unit fell to a $2.34bn fourth quarter operating loss as a result of its preannounced $3.6bn pre-tax reserve charge and lower net investment income.

David Bull, 12 February 2016
AIG to add activist investors to board

American International Group (AIG) has agreed to add to its board representatives from activist investors that have recently lobbied to break up the insurance giant.

Dan Ascher, 12 February 2016
Navigators shares slide after earnings miss

Navigators Group shares traded down by as much as 11 percent in New York this morning (11 February) after the US specialty insurer disappointed investors with a fourth quarter earnings miss

11 February 2016
Protean Risk given Lloyd’s broker status

Protean Risk has been appointed as an official Lloyd's broker, the company announced.

Matthew Neill, 11 February 2016
Marsh brings in ex-GCHQ chief as cyber consultant

Marsh has secured the services of Sir Iain Lobban, the recently retired head of UK intelligence agency GCHQ, as a senior adviser on cyber risk, the company said today.

Adam McNestrie, 11 February 2016
Suncorp general insurance profit down a third

Australian insurer Suncorp today (11 February) reported a general insurance net profit of A$297mn ($210mn) for the half year to 31 December, down 29.1 percent on the same period the previous year.

Catrin Shi, 11 February 2016
Zurich shares fall 5% on Q4 results

Zurich shares fell 5 percent in early trading this morning (11 February) after continued struggles in its general insurance business caused the insurer to fall to a net loss of $424mn in the fourth quarter.

Catrin Shi, 11 February 2016
Markel confirms second A&E loss portfolio transfer

Markel Corp confirmed a second retroactive reinsurance transaction in October 2015 to transfer asbestos and environmental (A&E) exposures as it reported a surge in operating profits for the fourth quarter.

David Bull, 11 February 2016

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