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Bernardino gets second term at Eiopa

Gabriel Bernardino will serve a second five-year term as chairman of the European Insurance and Occupational Pensions Authority (Eiopa), the European Parliament confirmed yesterday (16 December).

Winifred Okocha, 17 December 2015
Nexus acquires personal accident MGA

Expansionist London market MGA Nexus Underwriting Management has acquired specialist personal accident MGA Millstream Underwriting for an undisclosed consideration, it said in a statement today (17 December).

Adam McNestrie, 17 December 2015
AIG authorises further $3bn share repurchase

American International Group (AIG)'s board has signalled an acceleration of its capital repatriation plans after approving a further $3bn share repurchase programme, as the carrier continues its efforts to stave off activist investors.

17 December 2015
Capita drops out of Xchanging race

Capita has dropped out of the bidding race for UK outsourcer Xchanging after it failed to gain enough shareholder votes before its offer expired today (16 December).

Catrin Shi, 16 December 2015
Fitch revises French non-life sector to negative

Fitch Ratings has revised the sector outlook for French non-life insurers to negative from stable, as it expects premium growth and profitability to deteriorate in 2016, it announced today (16 December).

Catrin Shi, 16 December 2015
Willis makes senior Bermuda captive and casualty hires

Willis has made two senior appointments in its Bermudian casualty insurance and captive operations

16 December 2015
AA: £250mn insured losses from UK’s Storm Desmond

Some £250mn ($378mn) of insured losses are expected from severe flooding caused by Storm Desmond, which battered the UK earlier this month, according to major insurance intermediary the AA.

Catrin Shi, 16 December 2015
Tysers hires director for UK corporate division

Independent Lloyd's broker Tysers has appointed Colin Fraser as director of its UK corporate risks division

16 December 2015
Allied World launches global crisis management division

Allied World has established a new global crisis management division, which will provide cover for structured trade credit, political risk, multi-buyer trade credit and product recall.

Catrin Shi, 16 December 2015
Lloyd’s to support insurance derivatives with market index

Lloyd's has unveiled plans to launch an insurance-based index that would form the basis of index-related products of interest to the wider capital markets

Mark Geoghegan, 16 December 2015

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