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WR Berkley approves buyback re-authorisation
Specialty insurer WR Berkley yesterday (18 December) announced its board had authorised a replenishment of its share buyback programme back up to a level of 10 million shares.
19 December 2013
Moody’s eyes RSA downgrade
Moody's has put the credit ratings of troubled UK general insurer RSA on review for downgrade after a string of profit warnings from the group culminated in the departure of CEO Simon Lee last week.
19 December 2013
Willis names head of new captive arm
Paul Owens has been appointed chief executive officer of Willis' newly created captive management business, the global broker said today (19 December).
19 December 2013
FCA fines JLT Specialty £1.8mn for bribery control failures
UK regulator the Financial Conduct Authority (FCA) has fined London-headquartered broker JLT Specialty Limited (JLTSL) more than £1.8mn ($2.9mn) for failing to maintain adequate safeguards against the risk of bribery or corruption when making payments to overseas third parties.
19 December 2013
AmTrust wipes out 2013 advance as heavy sell-off continues
Shares of short-target AmTrust Financial have taken another beating in today's trading in New York, taking the stock into negative territory for 2013.
19 December 2013
US property insurance softens in year-to-date: Marsh
Excess capital among insurers and reinsurers contributed to overall softening in the US property insurance market through to the end of Q3, according to broker Marsh.
18 December 2013
S&P affirms Swiss Re at AA-
Ratings agency Standard & Poors has affirmed its 'AA-' insurer financial strength rating on Swiss Re with a stable outlook.
18 December 2013
Tower Group slumps 30% on fresh reserving hit
Tower Group shares have fallen by almost a third after the embattled US insurer unveiled a further reserving charge of up to $105mn, outweighing news of a $70mn windfall from the sale of its stake in Lloyd's carrier Canopius.
18 December 2013
ANV appoints medical underwriter
ANV Syndicate 779 has appointed former Capita senior underwriting consultant Lisa Feek to the role of medical underwriter.
18 December 2013
New TransRe subsidiary approved to operate in UK
TransRe, the reinsurer bought by Alleghany in 2012, has received regulatory approval from the Prudential Regulation Authority and Financial Conduct Authority for its newly-formed UK subsidiary to write reinsurance business.
18 December 2013
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