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Suncorp surpasses H1 cat budget after hailstorm

Suncorp has exceeded its first-half natural catastrophe claims allowance by A$60mn-A$70mn ($47mn-$55mn) following losses from a hailstorm in Melbourne in December.

Catrin Shi, 08 January 2018
Skuld leads hull policy for Iranian tanker collision

Protection and indemnity (P&I) club Skuld leads the hull insurance for Iranian oil tanker the Sanchi, which caught fire on Saturday (6 January) night in the East China Sea.

John Hewitt Jones, 08 January 2018
R&Q CFO Booth resigns

Randall & Quilter (R&Q) CFO and CEO-designate Tom Booth has resigned as a director, with deputy chairman Alan Quilter returning to the finance role.

Laura Board, 08 January 2018
Opinion: Fractured capital

"Rates went up less than reinsurers were hoping at 1.1 because there was too much capital"

Adam McNestrie, 08 January 2018
MS Amlin adds to sidecar flurry

MS Amlin has become the latest (re)insurer to launch a sidecar in recent weeks, with the establishment of a vehicle to support its MS Amlin Syndicate 2001.

Sofia Geraghty, 08 January 2018
Auto insurers face ongoing pressures: AM Best

Auto insurers continued to feel pressure from rising loss costs and increased frequency last year, aggravated by Hurricane Harvey’s inundation of the Houston area, even as they continued to aggressively raise rates, according to AM Best.

Ted Bunker, 06 January 2018
NFIP buys 40% more reinsurance limit for 2018

The National Flood Insurance Program has increased its reinsurance cover by 40 percent, buying $1.46bn of protection for $235mn.

Ted Bunker, 06 January 2018
QBE North America names Franzetti as COO

QBE North America has added the chief operating officer role to Daniel Franzetti’s responsibilities.

John Hewitt Jones, 06 January 2018
Windstorm Eleanor losses estimated to top $100mn

Severe winter weather brought extreme winds to Western Europe this week with insured losses estimated in the hundreds of millions of dollars, according to Aon Benfield’s Impact Forecasting.

Ted Bunker, 06 January 2018
Everest Re raises Jonathan Zaffino to insurance CEO

Everest Re has expanded Jonathan Zaffino’s role to president and CEO of the company’s primary insurance arm worldwide from head of the division’s North America segment.

Bernard Goyder, 05 January 2018

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