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Ace pays $365mn for Fireman’s Fund personal lines unit

Ace has agreed to acquire Allianz subsidiary Fireman's Fund's personal lines business in a renewal rights deal worth $365mn following an auction process, the two companies confirmed today (18 December).

Adam McNestrie, 18 December 2014
US analysts bearish on XL’s Catlin bid

Equities analysts covering XL Group are showing only limited enthusiasm for the P&C (re)insurer's £2.5bn bid for London-listed carrier Catlin Group, which was announced yesterday (17 December).

Adam McNestrie, 18 December 2014
Allied World launches Latin America D&F cover

Allied World Syndicate 2232 has received approval to underwrite direct insurance and facultative reinsurance business for Latin America and the Caribbean, the firm announced today

Jenny Messenger, 18 December 2014
Defra, ABI confirm Flood Re deal

The Department for Environment, Food and Rural Affairs (Defra) and the Association of British Insurers (ABI) today (18 December) confirmed that they have struck a deal on Flood Re

Jenny Messenger, 18 December 2014
Byron Way named COO of HIIG

Houston International Insurance Group (HIIG) has promoted Byron Way to executive vice president and COO of the group.

18 December 2014
XL shareholders unlikely to get vote on dilutive Catlin bid

XL's shareholders would not be entitled to a shareholder vote on its proposed £2.5bn takeover of London-listed carrier Catlin despite the significant dilution that would come with the deal.

Adam McNestrie, 17 December 2014
Catlin up more than 10% following potential XL bid

Investors in Lloyd's carrier Catlin have reacted positively after the company confirmed earlier today (17 December) that it had been approached by XL Group in a potential £2.5bn takeover bid.

Himal Patel, 17 December 2014
Agreement reached on Flood Re

A deal to finalise the details of UK state-backed flood reinsurer Flood Re has been agreed and will be announced imminently, The Insurance Insider has learned

Jenny Messenger, 17 December 2014
Integro acquires bloodstock broker Howard Global

Bloodstock broker Howard Global Insurance Services has been acquired by US intermediary Integro, the firms said in a statement today (17 December)

Charlie Thomas, 17 December 2014
Catlin confirms £2.5bn offer from XL

Catlin today (17 December) confirmed that it has received an approach from XL Group regarding a possible combination of the companies.

Fiona Robertson, 17 December 2014

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