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Profits soar but cancellations and rate pressures hit Q2 premiums at TransRe
Net written premiums dipped at TransRe in the second quarter of 2017 because of cancellations, non-renewals, the impact of rate pressures and increased retentions by cedants. But the reinsurer’s profits soared and the CEO of its parent company Alleghany Corporation praised its disciplined approach.   4 August 2017
Insurance
P&C dents Swiss Re H1 results
Swiss Re’s first half 2017 results have been impacted by lower income from the property/casualty reinsurance division as the reinsurer curbs premium and is hit by Cyclone Debbie.   4 August 2017
Insurance
Investment returns mask poor combined ratio at Liberty Mutual in Q2
Liberty Mutual enjoyed strong growth and a big increase in profits in the second quarter boosted by its acquisition of Ironshore and better investment returns. But these masked an underlying deterioration in its underwriting performance.   4 August 2017
Insurance
Arthur J Gallagher acquires Canadian broker GPL Assurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired retail insurance broker GPL Assurance in Quebec to further expand and diversify its footprint in Canada.   4 August 2017
Insurance
Q2 profits leap at Allianz as P/C benefits from lower nat cat losses
Allianz’s profits soared in the second quarter of 2017 driven by a strong performance in its property/casualty segment, which benefited from lower losses from natural catastrophes and lower attritional losses.   4 August 2017
Insurance
Brit grows in H1 despite rates softening by 2.2% across portfolio
Speciality re/insurer Brit posted solid growth in the first six months of 2017 but its profits dipped on lower investment returns and a continued softening of rates, which were 2.2 percent down overall during the period.   4 August 2017
News
Athene Holding signs flow reinsurance treaty with Lincoln Financial
Bermuda-based Athene Holding has entered into a flow reinsurance treaty with US-based Lincoln Financial Group.   4 August 2017
Insurance
Willis Towers Watson hires USI exec for CRB leadership role
Broker Willis Towers Watson has appointed John Campbell as corporate risk and broking (CRB) market leader and construction leader for St. Louis.   4 August 2017
Insurance
LV= in advanced talks with Allianz over general insurance stake sale
The board of Liverpool Victoria Friendly Society (LV=) has confirmed on Aug. 3 that it is in advanced discussions with Allianz regarding a potential sale of a "significant minority" stake in LV='s general insurance operation.   3 August 2017
Insurance
Liberty taps AXA Art exec to launch new business in Netherlands
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, will begin underwriting fine art and specie in the Netherlands with the appointment of Paul Seip as senior underwriter.   3 August 2017

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