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February 2012
Reinsurance organic revenue increased 4% due primarily to strong growth in capital market transactions and advisory business and modest growth in global facultative placements.
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BB&T to acquire Crump Life Insurance Services and Crump Property & Casualty Insurance Services for $570m in cash.
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The February 2012 issue of Reactions is now online. Click through to read a selection of stories from the issue.
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Events in the Middle East and North Africa have underlined the need for new thinking on political violence, civil unrest, and emergency evacuation cover products, according to Lloyd’s broker RFIB.
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Bermudian insurer Ironshore has announced that Dennis Mahoney and Eric Simonson have been appointed to its board.
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January 2012
Carl Beardmore is to work from BMS’ newly opened New York office as the firm seeks to strengthen its US operations.
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Mega Broker appoints Norbert Pahmgrieser, Charles Badpenny joins Pariah Partners, and more!
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Impact of RMS v11, exposure to severe losses and overall competitive pressures combined to move US P&C renewal rates up to 5%, says Towers Watson.
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Jason Harris will also be a member of the executive board of XL’s insurance unit.
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Under the purchase agreement, Aon has an option to purchase the remaining shares in the future.
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INTERVIEW: Greg Case, CEO of Aon, believes that the insurance broker can help its customers manage their way through the tough global operating environment and rise to the challenge of new and complex risks by working on a more robust fact basis.
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Riley & Associates’ geographic presence will be “an excellent complement to our Southeastern Region's retail brokerage operation,” says CEO, Patrick Gallagher.
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The insurers are eyeing the non life units to expand its services in the fast growing Asian market.
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Rating agency says Aon's move of its headquarters to London highlights international focus.
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The broker has appointed Steven Pallett to oversee operational changes and help implement new operating systems.
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XL, RSA, Generali, Hannover Re and P&I clubs are all reportedly facing claims after the Costa Concordia grounded in the Mediterranean on January 14.
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Martin South will continue as chief executive of Marsh UK & Ireland until a successor is hired.
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Vincent Marrot will be responsible for delivery of risk engineering products for the broker’s energy practice.
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UPA's John Uhl and Chris Palmer will join the management team in RSC's Bay Area office.
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Stephen Warwick will be chief executive officer, while Henry To will serve as non-executive chairman for Greater China.
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Aon – the largest reinsurance broker in the world, and the second largest insurance brokerage – has moved its corporate headquarters from Chicago to the City of London.
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The accreditation will help “open up new markets for us”, the company’s chairman said.
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Richard Sheldon will be responsible for leading a team of environmental specialists in driving growth
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Sarah Dalgarno joined Arthur J Gallagher in 2006, and just a year later was promoted to chief risk officer and appointed to the board. Here she tells Garry Booth how the job has changed beyond all recognition.
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Catastrophes resulted in about $107bn in insured losses during 2011, second only to $120bn in 2005, says Aon Benfield’s annual catastrophe report.
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The insurance intermediary has acquired Argent Professional Insurance to solidify its professional liability units in the US.
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ANALYSIS: An Aon Benfield report suggests that overhaul of cat models in 2011 “missed” the mark, Florida will seek added reinsurance, and reinsurers remain well capitalised – managing an aggregate profit for 2011.
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Ryan Specialty Group has bought underwriting manager Global Special Risks from Willis North America.
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The broker association’s new tools will help its members comply with obligations under the Terrorism Act as well as FSA requirements.
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The broker’s North American executive risks practice will now operate under the name Finex North America.
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Capital Bauer’s geographic location will be a “significant addition” to the firm's New York footprint, says AJ Gallagher’s CEO.
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Fresh Start offers insurance to people who face problems in getting insurance as a result of criminal conviction
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Jurie Erwee will serve as CEO of a combined enterprise to be known as Marsh Africa
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Robert Wilkes replaces Yvonne Cox who will become managing director of Towers Watson’s Metro New York office.
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The broker has merged its Italian operations with Marine & Aviation, a major Italian broker, taking a 25% stake in the new entity.