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Insurance
Broker Willis Towers Watson has expanded its insurance broking capabilities in India by acquiring a 49 percent stake in Almondz Insurance Brokers. 10 July 2017
Insurance
Senior executives at Novae Group have highlighted the increasing need for scale in the risk-transfer business as the justify agreeing to the firm’s sale to AXIS Capital for £468 million ($604 million). 6 July 2017
Insurance
AXIS Capital is to acquire Lloyd's insurer Novae Group for £468 million ($604 million) in an all-cash deal based on paying 700 pence per Novae share. The transaction is expected to close in the fourth quarter of 2017. 6 July 2017
News
Reinsurance, wholesale and specialty broker Ed has appointment Jonathan Tilman as chief actuary. 6 July 2017
Insurance
Willis Re, the reinsurance business of broker Willis Towers Watson, has revealed that James Kent will succeed John Cavanagh as its global CEO. 6 July 2017
Insurance
Marsh & McLennan Companies has appointment John Doyle as new chief executive officer of Marsh, succeeding Peter Zaffino who has joined AIG as global chief operating officer. 6 July 2017
Insurance
American International Group (AIG) has appointed Peter Zaffino as executive vice president, global chief operating officer. 6 July 2017
News
Munich Re US Life has promoted Michael Taht to executive vice president of research, analytics and underwriting, and Marc-André Giguère to executive vice president, reinsurance. 6 July 2017
Insurance
Zurich Insurance Group has announced that Michel Liès will succeed Tom de Swaan as new chairman of its board. Swaan has been a member of Zurich’s board since 2006 and chairman since 2013. 6 July 2017
Insurance
Howden Iberia, a subsidiary of Hyperion Insurance-owned Howden Broking Group, has bought Spanish brokerage group Bergé y Asociados Correduría de Seguros. 6 July 2017
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