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Insurance
US-based Fifth Third Insurance Agency has signed an agreement to acquire RG McGraw Insurance Agency that specialises in property/casualty insurance and risk management analysis for personal lines and commercial lines. 1 March 2017
Insurance
Due to the decision of the Lord Chancellor to cut the personal injury discount rate, Aviva expects to take a charge to its 2016 IFRS profit after tax of approximately £385 million. 28 February 2017
Insurance
Strong growth in its risk and insurance unit, which comprises JLT Re and JLT Speciality, help Jardine Lloyd Thompson Group post a solid set of results for 2016 with both growth and improved profits despite what it called challenging trading and economic conditions. 28 February 2017
Insurance
Enstar Group enjoyed a profitable 2016 and also solid growth. But it also warned that if pricing in many lines of business continues to deteriorate, its underwriting margins may suffer and it may need to write less premium in certain lines of business. 28 February 2017
Insurance
Jardine Lloyd Thompson Group unveiled a plethora of senior management changes at the same time as its 2016 results including a new group chief operating officer and new heads in Latin America and Canada. 28 February 2017
Insurance
Randall & Quilter Investment Holdings (R&Q), the non-life insurance and investment specialist, has conditionally raised £16.9 million through a placing of new ordinary shares, which it plans to use to boost its operations in Malta and the US and to make further acquisitions. 28 February 2017
Insurance
American International Group (AIG) has appointed Rose Marie Glazer as vice president, deputy general counsel and corporate secretary. She succeeds Jeffrey Welikson, who is retiring. 28 February 2017
News
Bermuda-based Arch Reinsurance has formed a new entity called Arch Underwriters (Gulf) which is based in the Dubai International Financial Center (DIFC). 28 February 2017
News
The State of France and the French government-backed reinsurer Caisse Centrale de Réassurance (CCR) have signed a new agreement that redefines the role of the company. 28 February 2017
Insurance
Australia’s QBE is observing that business that in the past went through the London Market is increasingly being processed at other international locations, driven by cost pressure and client demands. 28 February 2017
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