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Willis strikes deal to buy Miller

Willis and Miller have sealed a long-trailed agreement for the big three broker to take an 85 percent stake in the London-headquartered independent broking stalwart, the companies said in a statement

Mark Geoghegan, 22 January 2015
Shepherd Compello hires Melanie Alexander

Lloyd's broker Shepherd Compello has hired market veteran Mel Alexander as a director with immediate effect

Mark Geoghegan, 22 January 2015
Howden Latin America launches $25mn Lloyd’s binding authority

Howden Latin America, a broking subsidiary of Hyperion, has launched a $25mn cargo binding authority backed by Lloyd's paper

22 January 2015
Reports: S&P to be hit with SEC ban from mortgage market

Standard & Poor's (S&P) is due to be suspended from rating bonds in the biggest portion of the commercial mortgage market as part of a $60mn settlement with the US SEC, Bloomberg has reported

Charlie Thomas, 21 January 2015
PaCRe put under review with negative implications by AM Best

Ratings agency AM Best has put PaCRe's A- financial strength rating under review with negative implications after the carrier revealed a shortfall in its overall performance compared to its business plan

21 January 2015
Third Point Re 2014 profits to slide on weaker investment returns

Third Point Re expects net profits for 2014 to be down by 77 to 79 percent on the prior year despite an improvement in its underwriting results.

21 January 2015
State Auto buys $40mn adverse development cover from Munich Re

State Auto has bought a $40mn adverse development cover from Munich Re as it looks to manage further deterioration in its loss-struck programme business

21 January 2015
Mo Tooker resignation leads to senior Gen Re promotions

Mo Tooker, president of Gen Re's global direct P&C reinsurance business, has resigned from the company after more than 23 years of service at the direct reinsurer.

Himal Patel, 20 January 2015
Barbican managing agency CEO departs

Ken Curtis, CEO of Barbican's managing agency, and head of specialty Stuart Quinlan have left the private equity-owned insurer, The Insurance Insider can reveal

Adam McNestrie, 20 January 2015
Aon Benfield acquires entire portfolio of Swiss broker Sipex

Reinsurance broking giant Aon Benfield has expanded its marine hull book after acquiring Swiss (re)insurance broker Sipex's entire portfolio of in-force business

Himal Patel, 20 January 2015

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