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Hyperion buys surety broker PMG

UK-headquartered insurance group Hyperion has acquired independent UK surety broker PMG Financial Services for an undisclosed fee.

Charlie Thomas, 27 January 2016
Towergate names new CUO

UK broker consolidator Towergate has named RSA's Andy Baughan as chief underwriting officer (CUO) today (27 January)

Catrin Shi, 27 January 2016
Pen Underwriting forms financial lines division

Pen Underwriting has promoted Jennifer Martin to managing director of its financial lines division, it announced today (27 January).

Catrin Shi, 27 January 2016
LMG unveils Tom Steering Board

The London Market Group (LMG) has announced the establishment of a steering board for the Target Operating Model (Tom), chaired by Lloyd's CEO Inga Beale.

Charlie Thomas, 27 January 2016
Zurich confirms Greco for CEO role

Following months of speculation, Zurich has finally named former Generali boss Mario Greco as its incoming CEO.

Dan Ascher, 27 January 2016
AIG to cut $1.5bn commercial insurance premium by 2018

American International Group (AIG)'s strategy to improve the underwriting performance of its commercial insurance business will drive a further reduction in net written premiums (NWP) of around $1.5bn over the next two years.

David Bull, 27 January 2016
Generali shares fall 5% on CEO exit reports

Generali shares fell nearly 5 percent this afternoon (26 January) following media reports CEO Mario Greco has left the company.

26 January 2016
JLT Specialty boosts entertainment practice

JLT Specialty USA has hired Brian Taliaferro as senior vice president for its entertainment and hospitality practice, the broker announced today (26 January)

Charlie Thomas, 26 January 2016
AIG sets out defence against break-up

American International Group (AIG) has confirmed the partial IPO of its mortgage business and announced the sale of its US broker-dealer network to Lightyear Capital in a raft of measures aimed at streamlining operations and refocusing its business

David Bull, 26 January 2016
AIG strengthens reserves by $3.6bn

American International Group (AIG) has boosted its loss reserves by $3.6bn after suffering adverse development in casualty, financial lines and run-off business, it announced today (26 January)

Catrin Shi, 26 January 2016

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