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  • Directors in the dark as cyber risks escalate
    Nearly two-thirds of organizations consider cyber threats to be among their top five risk-1--management priorities, yet only 1-in-5 board members say they review their company's cyber risk reports, according to a new study released today. "Ownership of cyber risk needs to broaden and wider engagement of the executive suite is needed," said John Drzik, the […]
  • Allianz Q4 P&C profit falls 9.6%
    Operating profit at Allianz's P&C division fell by 9.6 percent to EUR1.31bn ($1.63bn) in Q4, after higher cat claims and operating losses at the company's commercial insurance unit. The Q4 P&C operating result missed the analyst consensus of EUR1.35bn, as provided by Baader Helvea. Allianz Global Corporate & Specialty, which sits within the P&C division, […]
  • Argo seeks control of Italy's Ariscom for EUR20mn
    Argo Group has received regulatory approval to take control of Rome-based insurer Ariscom Compagnia di Assicurazioni SpA out of state administration for EUR20mn ($24.8mn). Italian industry regulator Ivass announced the approval today in Rome, following a 9 February shareholders' meeting that backed the acquisition. Ivass indicated that it is moving to end its control of […]
  • Prudential gets set for 'too big to fail' review
    The regulatory status of Prudential Financial, the last insurer considered "too big to fail" by the US Treasury, will come up for review next week before the Financial Stability Oversight Council. Prudential confirmed today that it was the non-bank financial company whose status the council plans to review at a 21 February meeting in a […]
  • Gallagher's RPS parts ways with Standard Lines head
    AJ Gallagher-owned US wholesaler Risk Placement Services, known as RPS, has parted company with Scott Treiber, president of its standard lines platform, The Insurance Insider can reveal. Treiber had run the unit for more than nine years after moving over to RPS when AJ Gallagher bought his previous company in 2008. The executive had been […]
  • Kemper target Infinity's FSR grade put under review
    Infinity Property & Casualty's ratings have been placed under review with negative implications by AM Best, the ratings agency said today, citing the planned acquisition of the company by Kemper. Infinity agreed to be acquired for $1.3bn in cash and stock by Kemper in a deal announced on 13 February. AM Best said the negative […]


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LondonMarkit Systems Limited
20 Birchin Lane, London
+44 203 713
JohannesburgMarkit Systems Limited
+27 11 083