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  • When the gods wish to punish us they answer our prayers. So mused Sir Robert Chiltern, the "ideal husband" in the Oscar Wilde play of the same name.
  • Lancashire's share price dropped by more than 5 percent after it fell to a pre-tax loss of $3.2mn in Q4 2017, as heavy wildfire losses contributed to a combined ratio of 119.5 percent.
  • Hurricane Harvey was projected to produce $15.7bn in insured losses, based on estimates provided to Texas regulators by insurers responding to a data call last autumn.
  • Independent Lloyd's broker AFL has bolstered its P&C leadership with the hires of Barry Rowland and Chris Cavani.
  • Lloyd's syndicates have settled its lawsuit with rap artist Kanye West over a disputed contingency claim, the website TMZ has reported.
  • Catalina's agreed deal to acquire a $166mn legacy book held by Illinois-based Public Service Insurance Company (PSIC) has been terminated, re-opening the sale to other parties, according to court papers.
  • 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.
  • Navigators reported fourth quarter operating earnings that rose 38 percent to $24.5mn on improved underwriting and investment results, comfortably outpacing Wall Street forecasts in the process.
  • 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.
  • Australian carrier Suncorp exceeded its natural catastrophe claims budget for the six months to 31 December by A$65mn ($51.8mn), primarily driven by losses from the Victoria hailstorm in December.