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Insurance
Insurance broker Lockton has expanded its London-based real estate and construction practice with the hire of Justin Warents as business development executive. 20 February 2017
Insurance
A planned revision of the Ogden discount rate from 2.5 percent to negative 0.5 percent would particularly affect UK motor reinsurers as they would likely experience a material one-off reserve charge of approximately £4.9 billion, according to analysis by Willis Towers Watson. 20 February 2017
Insurance
Re/insurance broker Miller has further expanded its facultative property team with the appointment of Mark Sherwin. 20 February 2017
Insurance
Bermuda-based Enstar Group has entered into an agreement to sell its subsidiary Pavonia Holdings for $120 million to an undisclosed affiliate of Global Bankers Insurance Group, the re/insurance group of companies of Eli Global. 20 February 2017
Insurance
Broker Willis Towers Watson has appointed Scot Housh as regional lead for its corporate risk and broking (CRB) business in the Midwest, and Mark Vila to lead CRB for the greater Chicago market. 20 February 2017
Insurance
Italian insurer Assicurazioni Generali has acquired 510 million of ordinary shares of Italian bank Intesa Sanpaolo, equal to 3.04 percent of its overall share capital to block a potential takeover move. 20 February 2017
Insurance
A planned corporate tax reduction and a tax on imports in the US would benefit local entities but impact companies based outside the country such as in Bermuda, leading to changes in companies’ operating structures, according to AM Best. 20 February 2017
Insurance
Aon Risk Solutions, the global risk management business of Aon, has appointed Jason Toland as producer and account executive in the Sacramento office, and promoted Don Ortegel as resident managing director in Chicago. 20 February 2017
Insurance
Canada-based Fairfax Financial Holdings has announced that it made a net loss of $512.5 million for 2016, down substantially from the $567.7 million net profit it made the year before. 17 February 2017
Insurance
The US subsidiary of broker Jardine Lloyd Thompson Group (JLT) has appointed Jim White as senior vice president. 16 February 2017
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