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Enstar Announces Reinsurance Of Approximately $0.1 Bln Of Allianz’S Legacy Business

Friday, 29 Dec 2017 09:07am EST

Dec 29 (Reuters) - Enstar Group Ltd ::ENSTAR ANNOUNCES REINSURANCE OF APPROXIMATELY $0.1 BILLION OF ALLIANZ’S LEGACY BUSINESS.ENSTAR GROUP - UNIT ENTERED INTO AGREEMENT TO REINSURE PORTFOLIO OF ALLIANZ SE'S RUN-OFF BUSINESS EFFECTIVE DECEMBER 31, 2017.ENSTAR GROUP - UNIT TO ASSUME NET REINSURANCE RESERVES OF ABOUT $0.1 BILLION BY REINSURING 50% OF CERTAIN U.S. WORKERS' COMPENSATION, AMONG OTHERS.

Enstar Announces Reinsurance Of Approximately $0.1 Bln Of Allianz’S Legacy Business

Friday, 29 Dec 2017 09:07am EST

Dec 29 (Reuters) - Enstar Group Ltd ::ENSTAR ANNOUNCES REINSURANCE OF APPROXIMATELY $0.1 BILLION OF ALLIANZ’S LEGACY BUSINESS.ENSTAR GROUP - UNIT ENTERED INTO AGREEMENT TO REINSURE PORTFOLIO OF ALLIANZ SE'S RUN-OFF BUSINESS EFFECTIVE DECEMBER 31, 2017.ENSTAR GROUP - UNIT TO ASSUME NET REINSURANCE RESERVES OF ABOUT $0.1 BILLION BY REINSURING 50% OF CERTAIN U.S. WORKERS' COMPENSATION, AMONG OTHERS.

Vienna Insurance Group To Merge Croatian Group Companies

Monday, 11 Dec 2017 04:33am EST

Dec 11 (Reuters) - VIENNA INSURANCE GROUP ::TO MERGE CROATIAN GROUP COMPANIES.CROATIAN BANCASSURER ERSTE OSIGURANJE DUE TO MERGE WITH WIENER OSIGURANJE AT END OF APRIL 2018.AIMS TO INCREASE ITS MARKET SHARE IN CROATIA TO AT LEAST 10 PERCENT IN THE MEDIUM TERM.

Aon reports Q3 earnings per share $0.72

Friday, 27 Oct 2017 06:30am EDT

Oct 27 (Reuters) - Aon Plc :Aon reports third quarter 2017 results.Q3 earnings per share $0.73 from continuing operations.Q3 earnings per share $0.72.Q3 revenue rose 6 percent to $2.3 billion.Q3 earnings per share view $1.28 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $1.29 from continuing operations.Q3 adjusted earnings per share $1.25.Aon PLC - ‍Are on track to exceed $7.97 adjusted earnings per share in 2018 and deliver double-digit free cash flow growth over long-term​.Aon PLC - ‍Restructuring expenses were $102 million in Q3, primarily driven by workforce reductions, it rationalization, and other separation costs.​.

Gjensidige Q3 pretax profit above forecast

Thursday, 26 Oct 2017 01:00am EDT

Oct 26 (Reuters) - Gjensidige Forsikring Asa :Gjensidige q3 pretax profit nok ‍1.72 bln (Reuters poll nok 1.52 billion).Gjensidige q3 combined ratio ‍81.0​ percent (Reuters poll 84.4 percent).Says large losses were lower than in the third quarter 2016, below the level that is normally expected.The Board remains confident in Gjensidige’s ability to deliver solid earnings and dividend growth over time .Strong underwriting profitability is expected to offset a challenging environment as regards achieving investment returns.Repeats guidance for combined ratio.Says the macroeconomic situation is improving, and the outlook for the Norwegian and Nordic general insurance operations is regarded as good.Says new, profitable opportunities for growth will be considered in the Nordic region and the Baltic states in order to ensure good utilisation of a scalable business model and best practice.

The Hartford to acquire Aetna's U.S. group life and disability business

Monday, 23 Oct 2017 06:45am EDT

Oct 23 (Reuters) - Aetna Inc :The Hartford signs agreement to acquire Aetna’S U.S. group life and disability business.Aetna Inc - deal for $1.45 billion​.Aetna - ‍projects impact of deal to 2017 earnings per share to be immaterial given timing of transaction, slightly dilutive to 2018 earnings per share.Aetna Inc - ‍acquisition will be accretive to Hartford's earnings in 2018​.Aetna Inc - ‍acquisition will be funded by Hartford by dividends from its insurance subsidiaries and holding company resources​.Aetna Inc - ‍Hartford does not intend to issue debt or equity in order to fund cash consideration for acquisition​.Aetna Inc - ‍Hartford does not currently expect to authorize an equity repurchase plan for 2018​.

Catalana Occidente board agrees to relocate its registered office to Madrid

Tuesday, 10 Oct 2017 06:54am EDT

Oct 10 (Reuters) - GRUPO CATALANA OCCIDENTE SA ::SAYS BOARD AGREES TO RELOCATE ITS REGISTERED OFFICE TO MADRID.

AIG says to no longer have Commercial and Consumer segments​

Monday, 25 Sep 2017 07:00am EDT

Sept 25 (Reuters) - AIG :AIG announces changes to its organizational structure.AIG - ‍company will no longer have commercial and consumer segments​.Says ‍company expects that its year-end financial reporting will reflect new structure​.AIG - General Insurance and Life & Retirement will each have distinct business units that reflect how business is marketed and underwritten​.AIG - ‍as a result of structure changes, Rob Schimek, CEO of Commercial, will be leaving company at end of October to pursue other interests​.AIG - AIG also intends to align its incentive and performance management systems accordingly​.

Assurant reports preliminary loss estimates for hurricanes Harvey and Irma

Monday, 11 Sep 2017 08:30am EDT

Sept 11 (Reuters) - Assurant Inc ::Assurant shares preliminary loss estimates for hurricanes Harvey and Irma.Assurant - ‍expects Harvey's impact to result in $134 million - $140 million pre-tax of reportable catastrophe losses, net of reinsurance, and reinstatement premiums.Assurant- expects gross losses from hurricane irma will exceed retention of $125 million pre-tax but will remain within co's comprehensive reinsurance program​.Assurant Inc - Harvey's impact to catastrophe losses for global housing business unit will be reflected in its Q3 2017 financial results​.

Marsh & Mclennan ‍announces new global management structure, including appointments to its executive management team​

Wednesday, 6 Sep 2017 04:15pm EDT

Sept 6 (Reuters) - Marsh & Mclennan Companies Inc :Marsh & Mclennan - ‍announced new global management structure, including new appointments to its executive management team​.Marsh & Mclennan - ‍co's global management structure includes newly-formed global risk & digital division, global placement & specialties division​.Marsh & Mclennan - co's ‍new structure also includes marsh international​.Marsh & Mclennan - ‍John Drzik is appointed president of Global Risk & Digital; Dean Klisura is appointed president, Global Placement and Specialties​.Marsh & Mclennan - ‍Flavio Piccolomini is appointed president of Marsh International​.

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