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AIG finally sells aircraft leasing arm
American International Group (AIG) has finally completed the protracted disposal of its International Lease Finance Corporation (ILFC) business to AerCap for total consideration of $7.6bn - $2.2bn more than expected when the deal was first announced in December 2013
15 May 2014
Zurich Q1 profit up 20 percent
European composite insurer Zurich Insurance Group today (15 May) reported a 20 percent increase in its first quarter profit thanks to higher capital gains and an improved performance at its general insurance arm.
15 May 2014
Aviva says GI premiums fall in Q1
UK composite insurer Aviva today (15 May) reported a 6 percent drop in premiums and rising claims due to severe winter weather at its general insurance division during the first quarter.
15 May 2014
Torus CEO O’Donohoe resigns
Torus CEO Dermot O'Donohoe has resigned only six weeks after the global specialty insurer was sold to Enstar for $646mn, The Insurance Insider can reveal.
15 May 2014
Charles Taylor acquires UK loss adjuster
London-listed insurance services firm Charles Taylor has acquired the small UK loss adjusting firm Knowles Loss Adjusters Ltd.Maximum consideration is £3.3mn for the business which adjusts P&C claims in UK and Ireland.
15 May 2014
First African cat pool launches with UK and German backing
The African Risk Capacity (ARC) agency has set up the first catastrophe insurance pool on the continent to help protect African states against the risk of drought and reduce dependency on external aid.
15 May 2014
More than 200 killed in Turkish mine explosion
An explosion at a coal mine in western Turkey yesterday (13 May) is believed to have killed more than 200 people, with hundreds more workers still thought to be trapped inside the mine.
14 May 2014
Lloyd’s secures US and Colombia trading rights
Lloyd's of London today (14 May) announced that it has secured new trading rights in the US and Colombia, in a move that looks set to further expand its international business.
14 May 2014
UK P&I Club adds to capital cushion
UK P&I Club, the mutually-owned marine liability insurer, today (14 May) said it generated a capital surplus of $30mn in the year to 20 February 2014, driving a 6.2 percent increase in its total reserves to $528mn.
14 May 2014
Miller adds to non-marine reinsurance team
(Re)insurance broker Miller has continued its hiring spree with the addition of industry veteran Tim Mullis to its non-marine reinsurance team, the firm announced today (14 May).
14 May 2014
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