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Catlin and Everest team up with Westaim to buy $75mn HIIG stake
Westaim Corp has confirmed its deal to acquire a stake in Stephen Way's Houston International Insurance Group (HIIG), as revealed by The Insurance Insider yesterday (11 March).
13 March 2014
Argo International strengthens D&O team
Argo International, Argo Group's Lloyd's and international insurer, has expands its directors and officers (D&O) team with the appointment of new underwriter Tim Finch, the company announced today (12 March).
12 March 2014
AIG shares trade lower as Deutsche Bank downgrades to hold
Shares in American International Group (AIG) traded lower this morning in New York after Deutsche Bank equity analyst Josh Shanker downgraded his recommendation on the stock to hold and lowered his price target.
12 March 2014
Barbican confirms senior energy appointment
Barbican today (12 March) confirmed the appointment of energy big-hitter Chris White, a move revealed by sister title Inside FAC earlier this week.
12 March 2014
Draft Solvency II plans could harm insurers: Insurance Europe
Sergio Balbinot, the president of industry lobby group Insurance Europe, has warned that draft measures aimed at implementing the European Union's Solvency II capital regime will have a negative impact on the continent's insurers, if left uncorrected.
12 March 2014
Swiss Re denies Agnelli stake-building report
Swiss Re has denied a financial blog report that Italy's Agnelli family, the biggest shareholder in carmaker Fiat, is planning to buy a 20 percent stake in the reinsurer via a tender offer worth up to SwF7.4bn ($8.3bn).
12 March 2014
Lightyear sells HIIG to Westaim Corp
Canadian investment company Westaim Corp has acquired a majority stake in Stephen Way's Houston International Insurance Group (HIIG) and committed further capital to support its expansion, The Insurance Insider can reveal
11 March 2014
EU parliament keeps Solvency II on track
The European Parliament today (11 March) approved a key part of the European Union's Solvency II capital regime for insurers, keeping the new rules on track to come into force by the revised deadline of January 2016
11 March 2014
UK tightens rules for ‘add-on’ cover
The UK's Financial Conduct Authority (FCA) today (11 March) proposed tough new rules governing the sale of "add-on" insurance - protection sold alongside other products - after an investigation showed that consumers pay up to £200mn ($332mn) a year too much for the cover.
11 March 2014
Xchanging poised for redundancies
Xchanging plc is set to announce a significant number of redundancies in its London-based claims adjusting operations as the outsourcing firm loses its near-monopoly position as the leading provider of services to the London market, The Insurance Insider can reveal.
11 March 2014
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