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Willis International chairman to step down
Willis International chairman Sarah Turvill is stepping down at the end of the year to take up the position of non-executive director on the board of Willis Limited.
18 December 2013
2013 insured disaster losses half 2012 levels: Swiss Re
Total insured losses arising from natural catastrophes and man-made events in 2013 have almost halved compared to 2012, according to preliminary estimates from Swiss Re.
18 December 2013
NKSJ confirms $950mn Canopius buy
Japanese insurance giant NKSJ has agreed to buy Lloyd's carrier Canopius for £594mn ($950mn) in cash, the company said today (18 December).
18 December 2013
Tower repays bank loan, takes fresh reserve hit
Embattled US insurer Tower Group said it had repaid its bank loans using the proceeds from the disposal of its 10 percent stake in up-for-sale Lloyd's carrier Canopius, but warned that it had been forced to absorb a further reserving charge of up to $105mn.
18 December 2013
BP Marsh invests in Australian specialist motor MGA
London-listed insurance private equity investor BP Marsh has acquired a 40 percent stake in Australian-headquartered managing general agent MB Insurance Group for AU$0.8mn ($0.7mn), the company said in a statement.
17 December 2013
AmTrust shares slump again after conference call disappoints
AmTrust Financial Services has made a robust defence of its business and accounting choices after accusations from short sellers but failed to stem the tide of market selling as the insurer's share price slumped again in early trading.
17 December 2013
Willis’ Hearn to head London Market Group
Willis Group deputy CEO Steve Hearn is to become chairman of the London Market Group (LMG), the body set up to modernise the London insurance hub and promote it internationally.
17 December 2013
Novae mulling potential acquisitions
Novae is assessing potential takeovers, the insurer said today (17 December), hours after The Insurance Insider reported that the company had submitted a bid for Lloyd's peer Antares.
17 December 2013
Capita launches Lloyd’s Singapore back-office platform
Capita Insurance Services has launched the first shared services platform for Lloyd's Singapore outpost.
17 December 2013
Liberty and AIG placements highlight two-tier cat market
The property catastrophe placements for Liberty Mutual and American International Group (AIG) have shone a spotlight on a marketplace that is becoming increasingly divided into a group of favoured reinsurers inside the "Magic Circle" and another group of struggling carriers peering in from the outside.
17 December 2013
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