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Argo claims victory in shareholder vote

Argo won on executive pay by 50.53 percent following a heavy campaign against corporate spending by activist Voce Capital.

NFIP left in danger of lapse after aid package blocked

A lapse in the NFIP would prevent consumers from renewing or purchasing new flood insurance policies

Carriers threatened with legal action over British Steel claim

A suit would be a major test of legislation making insurers liable for losses arising from the late payment of claims.

Mapfre sued by real estate firm over $40mn Maria claim

Commercial real estate investor Capital Crossing said Mapfre paid only $2.6mn after it reported damage to 228 insured locations.

• Centerbridge, Gallatin agree to buy $475mn Phoenix stake
• Talbot retreats from Lloyd’s China and from Australia
• Lancashire’s Whelan to leave in 2020 after nine years as CFO
• General liability leader Mecham exits Chaucer for Arch
• Florida governor signs AOB reform bill
• Atlantic could see 4 major hurricanes in 2019: NOAA

Opinion

Lloyd’s needs speed of decision-making right now – not checks and balances

Silos have a bad name but those tearing down the walls should do so prudently

Middle-aged white guys weary of our D&I coverage are unlikely to take part in the Lloyd’s survey

Be nice to people on the way up, because you get to meet them all again on the way down

In Brief

Swiss Re Corporate Solutions hires North American A&H head

Beazley appoints new CFO Lake to board

Everest Re names Stone Point’s Hartzband to board

Liberty Mutual Re hires former Willis treaty chief for Mexico push

Berkshire names Roe head of NA casualty construction

Drone InsurTech Voom secures $5mn in Series A funding

Analysis

European reinsurer P&C profits dive in Q1

Jebi loss creep hits Munich Re, Swiss Re and Scor.

Everest and peers search for $1bn of retro as Florida prepares for endgame

Majority of Florida firm order terms hit the market, but many participants think capacity shortfalls are likely at current price levels.

Commercial P&C firmly a sellers' market – but the devil is in the details

Sister publication Inside P&C examines the first-quarter results from the US.

Barbican prepares to defy the Lloyd’s M&A funk with sale launch

TigerRisk has a mandate to run the process following its advisory work with Hamilton on the Pembroke acquisition.

Aon Reinsurance Solutions and MAP dominate US Property Cat Rankings

Nine broking houses made it to the ranking this year versus 54 underwriting firms.

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