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Buyers’ market continues for US commercial insurance: CIAB

US commercial P&C rate softening continued apace in the third quarter as prices dropped 3.1 percent on average, according to the latest survey from The Council of Insurance Agents & Brokers (CIAB).

David Bull, 03 November 2015
Willis outstrips peers in reinsurance organic growth

A standout performance from Willis' capital markets and advisory division helped the big three broker outpace rivals Aon and Marsh & McLennan Companies (MMC) in reinsurance broking organic growth during the third quarter.

Catrin Shi, 03 November 2015
Orion opt-out ruling offers hope for solvent schemes

The UK High Court sanctioned a landmark scheme of arrangement for Orion Insurance Company and The London and Overseas Insurance Company Ltd late last month (29 October), in a move that will allow legacy players to continue to extract value from their liabilities.

Catrin Shi, 03 November 2015
Property market awaiting $1.6bn of undeclared Tianjin losses

Publicly declared loss estimates from August's explosions at the port of Tianjin are inching towards the $1bn mark.

Winifred Okocha, 03 November 2015
News digest

AIG confirms management cull; JLT predicts ‘in line' revenue growth; Samsung at Lloyd's?; Willis appoints Mexico retail CEO; AGCS: Asian rates well below technical levels; Validus targets $50mn casualty book; US commercial P&C rates down 3.1%: CIAB

03 November 2015
ACR SPS gets in-principle approval

Lloyd's has awarded Asia Capital Re (ACR) in-principle approval to establish a special purpose syndicate (SPS) with Argo, The Insurance Insider can reveal.

Winifred Okocha, 03 November 2015
Hamilton USA parts with further execs

Hamilton's US insurance arm has parted ways with three further senior executives after their roles were eliminated, The Insurance Insider can reveal.

Dan Ascher, 03 November 2015
Zurich shuts down standalone boiler business

Zurich has closed its standalone boiler and machinery insurance unit, laying off underwriting staff in the process, The Insurance Insider can reveal.

David Bull, 03 November 2015
Beach agrees to take US Re team

Expansive reinsurance intermediary Beach & Associates has agreed a deal to take a team of brokers and their business out of US Re, The Insurance Insider understands.

David Bull, 03 November 2015
Generali removed from G-SII list

Italian insurance group Generali has been removed from the Financial Stability Board (FSB)'s list of global systemically important insurers (G-SIIs).

Catrin Shi, 03 November 2015

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