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AIG adds $5bn to share buyback but P&C performance deteriorates

AIG has upped its share buyback plans by $5.0bn after reporting improved second quarter operating profits that beat Wall Street expectations

David Bull, 04 August 2015
Axis to hold review after PartnerRe deal falls down

Axis Capital will hold a review of its business in the wake of the collapse of its proposed acquisition of PartnerRe, according to an internal memo obtained by The Insurance Insider.

Winifred Okocha, 03 August 2015
CNA hit by $150mn asbestos deterioration

US-listed carrier CNA saw operating profits halve in the second quarter after a retroactive reinsurance charge relating to its legacy asbestos deal with Berkshire Hathaway impacted the company's bottom line.

Himal Patel, 03 August 2015
Steve McGill takes new Argo role

Argo Group has appointed XL Catlin's Steve McGill to the new role of global head of professional lines, the carrier announced today (3 August)

Winifred Okocha, 03 August 2015
PartnerRe drops Axis and agrees to $6.9bn Exor sale

PartnerRe has agreed a $6.9bn sale to Italian investment vehicle Exor, ending a long-running and bitter M&A battle with Bermudian carrier Axis for the pure-play reinsurer.

Himal Patel, 03 August 2015
TigerRisk enters Chinese market

Reinsurance broker TigerRisk has launched in Asia after opening an office in Hong Kong on 30 July

Charlie Thomas, 03 August 2015
Bill Berkley to retire in October

Bill Berkley will step down as CEO of WR Berkley after almost 50 years in the role at the end of October, with his son Rob Berkley set to succeed him

Catrin Shi, 03 August 2015
Peak Re hires Europe head

Fosun-backed carrier Peak Re has appointed Jacques Burri as head of Europe with effect from 12 September 2015, the company announced today (3 August).

Winifred Okocha, 03 August 2015
China Re files for IPO

State-owned China Re has submitted a preliminary application for an IPO in Hong Kong, according to reports this morning (3 August)

Charlie Thomas, 03 August 2015
Aon Benfield top line into negative territory

Aon Benfield has posted a 1 percent decline in organic revenues for the second quarter, joining its big three peers in reporting a top line slide as market pressure grows

Himal Patel, 31 July 2015

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