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Insurance
Life and general insurance provider Legal & General has recorded a 12 percent rise in operating profit in 2016, but the insurance division stagnated during the period. 8 March 2017
Insurance
CFC Underwriting, a Lloyd's managing general agent (MGA), has launched a new cyber incident response application for policyholders to notify claims and get specialist support. 6 March 2017
Insurance
A new EU framework on recovery and resolution for insurers is not required, because Solvency II already provides strong safeguards. However, a degree of convergence on certain issues may be beneficial, according to Insurance Europe, the European insurance and reinsurance federation. 6 March 2017
Insurance
In what has been a frantic period of M&A activity for insurers and reinsurers in recent years, companies from China and Japan have played a prominent role. As they seek overseas growth for very different reasons, Intelligent Insurer explores what is driving these aggressive acquisition strategies and the cultural challenges that will gradually emerge. 6 March 2017
Insurance
US-based private equity firm JC Flowers is acquiring managing general agent (MGA) UK General Insurance from Primary Group. 3 March 2017
Insurance
Brown & Brown, a provider of re/insurance products, has settled its lawsuit against a number of its former employees, their current employer AssuredPartners and several key executives within the rival firm. 3 March 2017
Insurance
Global Risk Partners (GRP), a private-equity-backed investment vehicle aimed at brokers and managing general agents (MGAs), has completed the acquisition of commercial and personal lines insurance broker Higos. 2 March 2017
Insurance
Ryan Specialty Group (RSG), a specialty insurance services business based in Chicago, has completed the acquisition of specialty marine managing general agency (MGA) Trident Marine Managers. 2 March 2017
Insurance
The UK’s Chancellor Philip Hammond has agreed to a consultation on the framework for setting future personal injury (Ogden) rates after a severe rate reduction alarmed the industry. 1 March 2017
Insurance
Major catastrophic loss events may be uninsurable, according to the most recent Swiss Re sigma report, calling for a government-sponsored back-stop for example in the form of a re/insurer of last resort. 1 March 2017
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