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NAIC signs MOU with Bermuda

The US National Association of Insurance Commissioners (NAIC) has signed a memorandum of understanding (MOU) with the Bermuda Monetary Authority, taking the number of MOUs it has to 15.

Charlie Thomas, 17 August 2015
Quindell names Mukerjee as CEO

Troubled insurance outsourcer Quindell has appointed Indro Mukerjee as its new group CEO

Charlie Thomas, 17 August 2015
Millette comeback vehicle named Hudson Structured

Former Goldman Sachs executive Mike Millette has established a new fund management business called Hudson Structured Capital after he resigned from the investment bank in March.

Fiona Robertson, 14 August 2015
Montpelier Re loses Pollett

Montpelier Re treasurer and CEO of its Blue Capital asset manager Bill Pollett has resigned following the company's merger with Endurance, according to a Blue Capital announcement on the London Stock Exchange

14 August 2015
More than 370 ‘high-risk’ wordings found in LMA review

The Lloyd's Market Association (LMA) has found more than 370 high-risk wordings in policy wordings and clauses commonly used in the London market

Winifred Okocha, 14 August 2015
Deloitte appoints head of insurance

Big-four accountancy firm Deloitte has appointed David Rush as head of UK insurance, the company announced today (14 August).

Winifred Okocha, 14 August 2015
The Hartford trades up 3% amid fresh Travelers rumours

Shares in The Hartford closed up almost 3 percent in New York yesterday (13 August) amid unconfirmed rumours suggesting the US insurer as a potential target for its larger rival Travelers

Catrin Shi, 14 August 2015
Global commercial insurance rates fell 2.5-5% in Q2: Marsh

Commercial insurance rates fell for the ninth consecutive quarter on a global basis with no region or major segment of business immune from softening, according to data compiled by broker Marsh.

David Bull, 13 August 2015
Plans for $1.6bn Chinese reinsurer announced

Chinese property conglomerate Oceanwide Holdings has laid out plans for a 20bn yuan ($1.60bn) reinsurer to write Asian risks.

Dan Ascher, 13 August 2015
Integro adds aviation division from AFL

Expansive broker Integro has continued on its acquisition drive with a deal to buy the aviation division from AFL Insurance Brokers Ltd on undisclosed terms.

David Bull, 13 August 2015

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