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AJG lures Walters to lead aviation division

Mark Walters, former managing director of aviation at Tysers, has left to take up the role of executive director at AJ Gallagher's international broking division and lead its aviation segment

Charlie Thomas, 04 February 2015
AIG leads $22.7mn TransAsia hull cover

American International Group (AIG) leads the hull coverage on the $22.7mn TransAsia Airways plane that crashed into a river in Taipei, Taiwan today (4 February), The Insurance Insider understands

Dan Ascher, 04 February 2015
ABIR objects to proposed US tax hikes

Thirty insurers, businesses and industry groups, including the Association of Bermuda Insurers and Reinsurers (ABIR), have objected to a foreign profit tax hike included in President Obama's proposed budget

Jenny Messenger, 04 February 2015
Fairfax acquires QBE’s Ukrainian insurer

Fairfax Financial has entered into an agreement with QBE to acquire the Australian carrier's insurance operations in Ukraine

Charlie Thomas, 04 February 2015
House of Commons passes Insurance Bill

The House of Commons unanimously passed the Insurance Contracts Bill yesterday (3 February), meaning that the legislation now only requires royal assent to become law

Jenny Messenger, 04 February 2015
Hannover Re reports 1% premium increase on January renewals

German reinsurer Hannover Re has said that it is "broadly" satisfied with the outcome of its 1 January treaty renewals, having secured a 1 percent increase in premium volume at unchanged exchange rates.

Charlie Thomas, 04 February 2015
WR Berkley improves CR but misses on investments

WR Berkley reported fourth quarter profits that missed Wall Street forecasts, as solid underwriting performance was offset by what it acknowledged was a "disappointing" end to the year for its investment portfolio.

David Bull, 04 February 2015
RenRe smashes earnings forecasts on reserve releases and low cats

RenaissanceRe smashed Wall Street earnings forecasts for the fourth quarter as its bottom line benefited from strong favourable development on reserves and a benign period for cat losses.

David Bull, 04 February 2015
Axis top line down on lower reinsurance in Q4

Axis president and CEO Albert Benchimol highlighted the benefits that greater scale from a combination with PartnerRe would bring as his company reported financials that included 10.5 percent book value per share growth through 2014 to an all-time high of $50.63.

David Bull, 04 February 2015
AJG organic growth slows in Q4

Arthur J Gallagher (AJG) generated 5.6 percent organic growth in its combined brokerage and risk management segments for the fourth quarter and increased its Ebitdac margins by 218 basis points (bps) compared to the prior-year period.

David Bull, 04 February 2015

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