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Church’s franchisee sues Lloyd’s insurers over Harvey

A Church’s Chicken franchisee has filed a lawsuit in Texas accusing several Lloyd’s underwriters of not living up to their commercial policies when it comes to 54 stores affected by Hurricane Harvey.

Laura Sanicola, 13 April 2018
Swiss Re targets E&S insurance expansion with new unit

Swiss Re Corporate Solutions (SRCS) has launched a standalone excess and surplus lines (E&S) business unit for North America as it looks to expand in the space.

David Bull, 12 April 2018
Eos Venture Partners targets $100mn for tech fund

Eos Venture Partners is aiming to raise $100mn for a global InsurTech fund, according to the London venture capital firm.

Bernard Goyder, 12 April 2018
Alliant confirms Crystal deal

US retail broker Alliant has confirmed it has agreed a deal to buy New York-based Crystal & Co in a move first revealed by The Insurance Insider last Friday.

David Bull, 12 April 2018
GRP expands northern base with Thomas Sagar

UK broker consolidator Global Risk Partners (GRP) has acquired Thomas Sagar Insurances for an undisclosed sum.

Rachel Dalton, 12 April 2018
CCR 2017 profit down 23% after EUR2.2bn of losses

French state-owned reinsurer CCR said its pre-tax profit fell by almost 23 percent in 2017, as it transferred EUR1.1bn ($1.4bn) of reserves to cover record losses from Hurricane Irma, a drought in France and other catastrophes.

Laura Board, 12 April 2018
Domestic insurer Alfa on hook for Saratov airliner loss

Russian insurer AlfaStrakhovanie is on risk for the Saratov Airlines plane that crashed on Sunday (11 February) killing all 71 people on board, The Insurance Insider can reveal.

Adam McNestrie, 12 April 2018
Sydenham and Schiffer promoted in Swiss Re specialty reshuffle

Swiss Re has restructured its specialty reinsurance management structure, reducing the number of divisions from five to two, The Insurance Insider can reveal.

Adam McNestrie, 12 April 2018
Lloyd's reduces syndicates' data burden for 2019 forecasts

Lloyd's has streamlined the data it is requesting from syndicates for their 2019 business forecasts, reflecting a plan devised by performance management director Jon Hancock.

Laura Board, 12 April 2018
US property price rises already slowing: Willis

US commercial property insurance rate increases are already calming as the initial reaction from underwriters to record 2017 cat losses is tempered by the realities of a well-capitalised P&C industry, according to Willis Towers Watson.

David Bull, 12 April 2018

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