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Insurance
The insurance joint venture of Aviva, Chinese investment company Hillhouse Capital Management and tech firm Tencent Holdings is expected to start operating under its new corporate structure during the first half of 2018. 14 February 2018
Insurance
Insurance Australia Group (IAG) has raised its full-year 2018 reported insurance margin guidance to 15.5-17.5 percent, on back of an increase in reserve release expectations to around 3 percent of net earned premium (NEP) and a first half 2018 (Sept.-March) favourable credit spread impact. 14 February 2018
Insurance
Independent Lloyd's broker AFL has further expanded its wholesale property team with the appointment of re/insurance executives from JLT Re and Alston Gayler. 14 February 2018
Insurance
Ryan Specialty Group-owned SafeWaters Underwriting Managers has expanded its marine offering, backed by Aspen Insurance, to include cargo, hull & machinery, and marine liabilities coverages in the US and Latin American markets. 14 February 2018
Insurance
US-based Prudential Financial (PFI) is acquiring a 13.1 percent stake in Hong Kong-based Peak Reinsurance Company via a wholly-owned subsidiary through an issuance of new shares. 13 February 2018
Insurance
Nexus Group has acquired Lloyd's coverholder and a specialist directors & officers and financial institutions (DOFI) MGA Apsley Specialty. 13 February 2018
Insurance
Bermuda-based Arch has improved its financial performance in the fourth quarter of 2017 as underwriting profitability improved. 13 February 2018
Insurance
Insurance carriers globally could seize $375 billion in new revenue in the next five years by transforming and revitalizing their businesses, according to a new report from consultancy firm Accenture. 13 February 2018
Insurance
Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Lodestar Marine, a managing general agent (MGA) in the protection and indemnity (P&I) fixed premium marine market. 13 February 2018
Insurance
Total insured losses caused by hurricane Irma in Florida are estimated at $7.95 billion, according to latest information published by the Florida Office of Insurance Regulation. 13 February 2018
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