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Guy Carp: Higher demand moderates July rate declines

Overall pricing continued to fall in the 1 July reinsurance renewals, but an increase in demand helped to moderate rate declines, according to Guy Carpenter

Charlie Thomas, 09 July 2015
David Hearn leads trio of Willis Re resignations

David Hearn is one of a trio of senior executives to resign from Willis Re today (8 July), The Insurance Insider can reveal.

David Bull, 09 July 2015
M&A frenzy to buoy P&C stocks: analysts

P&C investors are set to benefit as shares trade up for potential targets in a sector that continues to be gripped by M&A fever, according to two new analyst reports.

David Bull, 08 July 2015
June US weather losses to cost insurers $500mn+: Aon Benfield

Aggregate insured losses from severe weather and flooding in the US during June are expected to surpass $500mn, according to Aon Benfield's Impact Forecasting arm

Himal Patel, 08 July 2015
Aspen appoints head of US marine

Bermuda-headquartered carrier Aspen has hired Patrick Hickey as executive vice president of US marine insurance, the company announced today (8 July).

Winifred Okocha, 08 July 2015
UK premium tax increases by 58.3%

Insurance premium tax (IPT) in the UK will increase from 6 percent to 9.5 percent from 1 November, Chancellor of the Exchequer George Osborne announced today (8 July).

Winifred Okocha, 08 July 2015
Fairfax-Brit deal closes

Fairfax has completed its $1.88bn all-cash acquisition of Brit, the Canadian conglomerate announced today (8 July)

Himal Patel, 08 July 2015
Perils cuts third Elon-Felix estimate by 2%

European loss compilation agency Perils has lowered its loss estimate for Windstorm Elon-Felix to EUR328mn ($361mn)

Winifred Okocha, 08 July 2015
Ace-Chubb deal has $930mn termination fee

Ace's giant $28.3bn agreed deal for Chubb includes a $930mn termination fee, according to a Securities and Exchange Commission filing from the Switzerland-based (re)insurer last night (7 July)

Charlie Thomas, 08 July 2015
Fosun completes Meadowbrook acquisition

Chinese conglomerate Fosun has completed its takeover of distressed US insurer Meadowbrook, giving the group a P&C carrier licensed in 50 states.

Charlie Thomas, 08 July 2015

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