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Insurance sector

Articles on the insurance sector from our leading edge monthly magazine, FS Focus.

AIG to buy reinsurer Validus

American International Group is set to acquire Validus Holdings for $5.56bn in cash to strengthen its reinsurance business.

Zurich acquires ANZ's life insurance business

Swiss insurer Zurich has bought ANZ’s life insurance business, OnePath Life, for US$2.1bn, making it number one in the Australian retail life insurance market. Until now, Zurich has held the number five position.

FCA to review insurance brokers

The financial watchdog has launched a study of the wholesale insurance sector, probing into how £68bn of specialist insurance is bought and sold in the City.

Townsend returns to AIG

American International Group has appointed Chris Townsend to the newly created role of chief executive officer of international general insurance.

Treasury urges clarity on Solvency II

A Treasury Committee report on EU insurance regulation has urged the insurance industry and the PRA "to come to an understanding on what aspects of Solvency II can be changed unilaterally while the UK remains an EU member state".

Hurricanes to cost $200bn

Lloyd’s of London CEO, Inga Beale, has warned that the string of storms battering the US and Caribbean this autumn could cost the insurance sector $200bn.

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