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Commercial

AWAC puts in strong maiden figures

In its first results since its recent NYSE IPO, Bermudian (re)insurer Allied World Assurance Company (AWAC) has reported an increase in net income, a falling combined ratio and favourable prior-year reserve developments.

Cowburn takes up Biba regional role

Mike Cowburn, director of Towergate Risk Solutions in Ilkley, has been appointed a board member of the British Insurance Brokers Association, representing the Yorkshire and Northern region. The 12-strong BIBA board, chaired by Max Taylor is made up of…

Willis acquires Chilean broker MGT

Willis has entered into a contract to purchase the majority of the retail and all the reinsurance business of MGT Group. Located in Santiago, Chile, MGT has annualized revenues of approximately $4m (£2.09m).

Gamble chairman

Richard Gamble, the former group chief executive of Royal and Sun Alliance, has been named as the ne...

NIG appointments

NIG has appointed Martin Kelsh and Tim Griffiths as strategic account managers. The pair will manage...

Moorhouse contract

Moorhouse has signed a contract that will see its full commercial and personal lines insurance produ...

Norwich Union pilot

Norwich Union has made further steps to expand its pay-as-you-drive insurance pilot by signing up a ...

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