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Willis targets facultative growth in Chile with new appointment 7 Aug 2012 | 11:28 pm
Willis targets facultative growth in Chile with new appointment. Alejandro Vaccaro has been appointed chief executive of Willis’ Chilean facultative reinsurance division. Vaccaro has joined from Aon B...
Flagstone Re targets rating review as boost to stocks 7 Aug 2012 | 11:15 pm
Flagstone Re targets rating review as boost to stocks. Flagstone Re has set out to shake off its negative outlook from AM Best as a key step in improving its stock performance and enhancing shareholde...
Munich Re sets aside €160m for US drought claims and urges Europe to learn lessons 7 Aug 2012 | 11:02 pm
Munich Re sets aside €160m for US drought claims and urges Europe to learn lessons. Munich Re has set aside €160m ($198.9m) for expected losses from the ongoing drought in the US. Board member Torsten...
Guy Carpenter underpins MMC top- and bottom-line growth 7 Aug 2012 | 10:34 pm
Guy Carpenter underpins MMC top- and bottom-line growth. Guy Carpenter’s second-quarter organic revenue growth of 10% underpinned a solid earnings performance for Marsh & McLennan Companies (MMC), out...
Catlin performance backed by analysts 7 Aug 2012 | 10:21 pm
Catlin performance backed by analysts. Catlin’s strong first-half underwriting performance has received a positive response from analysts, with improving US casualty conditions highlighted as a strong...
Howden completes Indonesian acquisition 7 Aug 2012 | 08:53 pm
Howden completes Indonesian acquisition. Howden Broking Group has completed the acquisition of an Indonesian broker, with Willy Ignatius expected to join the company to lead the business. Howden has a...
Kiln sells South African business 7 Aug 2012 | 08:39 pm
Kiln sells South African business. Kiln has sold the South African business it set up 13 years ago as it does not fit within the company’s growth objectives. But the insurer said it would still accept...
Conditions favourable for hurricane development 7 Aug 2012 | 08:02 pm
Conditions favourable for hurricane development. Gulf of Mexico conditions are favourable to sustain hurricane activity as the peak period of the 2012 Atlantic season approaches, with six hurricanes e...
Munich Re raises full-year target 7 Aug 2012 | 03:59 pm
Munich Re raises full-year target. GERMANY-based Munich Re said this morning that it was “well on track to slightly surpass” its original target of €2.5bn ($3.1bn) profit for 2012, after reporting a €...
NZ quake minister rules on red-zone profits 7 Aug 2012 | 02:36 pm
NZ quake minister rules on red-zone profits. NEW ZEALAND earthquake minister Gerry Brownlee has ruled out sharing any profits that might be made by the government on red zone properties – homes delcar...
