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Melbourne storm claims count hits A$105mn

Storms that struck Melbourne and parts of regional Victoria on 19 December have already cost insurers around A$105mn ($81mn), according to the Insurance Council of Australia, with the toll set to rise in the coming weeks as additional claims are filed.

Bernard Goyder, 28 December 2017
QBE settles shareholder class action for A$132.5mn

QBE has settled a shareholder class action brought by a group of investors after a sudden profit warning in late 2013 driven by the insurer's North American operations caused its share price to plummet..

John Hewitt Jones, 28 December 2017
Fears of losses fall with Thomas wildfire 92% contained

The Californian Department of Forestry and Fire Protection has said the Thomas wildfire in the south of the state is now 92 percent contained, having destroyed only 1,063 structures.

Lucy Jones, 28 December 2017
Congress extends NFIP deadline with budget resolution

The National Flood Insurance Program got another short-term reprieve as Congress sent a bill to keep the government operating through 19 January to President Donald Trump late today. He is expected to sign it.

Ted Bunker, 22 December 2017
Allianz in EUR1.3bn tender offer for remaining Euler Hermes stake

Allianz has made a tender offer for the outstanding shares in trade credit insurer Euler Hermes at a price of EUR122 ($145) per share.

Catrin Shi, 22 December 2017
Progress made on Thomas fire in California

The Thomas fire in southern California is now 65 percent contained, according to Californian fire authority Cal Fire.

Catrin Shi, 22 December 2017
Dominguez joins The Hartford board

The Hartford has appointed digital strategy expert Carlos Dominguez to the company's board of directors, effective 21 February, 2018, the carrier announced yesterday.

Charlie Thomas, 22 December 2017
A Christmas Carol

Tis the season to be jolly, so we at Insider Towers bring you our Twelve Days of Insurancemas, detailing some of our favourite stories and themes over the past year

Charlie Thomas, 22 December 2017
Lucking to head new Barbican Bermudian D&F unit

Barbican is setting up a Bermuda platform initially focused on US-domiciled property direct and facultative (D&F) business that will be led by former Novae underwriter Nik Lucking, The Insurance Insider can reveal

Catrin Shi, 22 December 2017
Lloyd’s capacity grows to £32.3bn for 2018

Anticipation of a harder market has led around half of all Lloyd's syndicates to pre-empt their stamp capacity for 2018, taking total Lloyd's capacity to £32.3bn ($43.2bn) for the year.

Catrin Shi, 22 December 2017

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