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Ryan out of Swett sale process as BB&T progresses

BB&T-owned CRC Crump is the only trade buyer left in the Swett & Crawford sale process after Ryan Specialty exited in the last week, The Insurance Insider can reveal

David Bull, 15 January 2016
Toffanello takes the reins as Faraday CEO

Pietro Toffanello has been appointed CEO of Berkshire Hathaway-owned Lloyd's syndicate Faraday, the carrier announced today (15 January).

Dan Ascher, 15 January 2016
Australian summer losses exceed A$515mn

Insured losses from the string of catastrophes that hit Australia over the summer have passed A$515mn ($358mn), according to the Insurance Council of Australia (ICA).

Catrin Shi, 15 January 2016
Penta buy makes Liberty top insurer in Chile

Liberty Mutual has announced that its acquisition of 99.6 percent of Penta Security has completed, making it the largest P&C insurer in Chile

Charlie Thomas, 15 January 2016
Guernsey urged to toughen stance on money laundering

Guernsey has been urged to strengthen its penalties in relation to money laundering and terrorist financing, after its current legal framework was found to be insufficient by the Council of Europe.

Catrin Shi, 15 January 2016
Ace-Chubb rebrands after acquisition completes

Ace has completed its $29.5bn acquisition of Chubb to create the world's largest publicly traded P&C insurer

Charlie Thomas, 15 January 2016
Former Napslo president dies

Kurt Bingeman, who was president of the National Association of Professional Surplus Lines Offices (Napslo) between 1991 and 1992, died at his home on 10 January, the body announced on Wednesday

Charlie Thomas, 15 January 2016
Perils puts Desmond flood losses at $1.03bn

The independent catastrophe insurance data firm Perils has released its first loss estimate for the floods resulting from Storm Desmond in the UK last month

Charlie Thomas, 15 January 2016
Argo adds US CUO and chief claims officer

Argo Group has appointed Frank Mike-Mayer as chief underwriting officer and Mark Wade as chief claims officer for its US operations, the carrier announced today (14 January).

Dan Ascher, 15 January 2016
Mitchell steps aside at RenRe US

Former Platinum executive Liz Mitchell is stepping down from her position as president and CEO of RenaissanceRe's US operations to take an "extended sabbatical".

David Bull, 15 January 2016

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