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Axis appoints mid-tier leadership roles post Novae deal

Novae underwriters Dan Trueman, Stuart Heath and Caroline Koczerzat will head up key lines of business in the enlarged Axis London market operation following the completion of its takeover deal, The Insurance Insider understands

Adam McNestrie, 07 November 2017
Trouble in paradise

It's not every day that I brush my teeth while listening to the premier of Bermuda getting a grilling from a hostile BBC journalist

Mark Geoghegan, 07 November 2017
Farmers renewal points to 25% increases on loss-hit deals

Farmers' $1.8bn catastrophe reinsurance programme looks set to price up by around 25 percent after the insured warned its panel that it expects to pass on $1bn of claims from the California wildfires, The Insurance Insider can reveal

Adam McNestrie, 07 November 2017
Opinion: Chasing the tail

There will be significant volumes of ILS capital trapped at year-end, particularly in the retro segment, but out of this challenge the reinsurance market is looking for opportunities to spin out new products

Fiona Robertson, 07 November 2017
Verto to start writing in 2018 with £115mn stamp

Names-backed quota share specialist Verto Syndicate 2689 has been approved for 2018 with a stamp capacity of £115mn ($151mn).

Catrin Shi, 07 November 2017
Connecticut sets up captive to fix failing foundations

Connecticut lawmakers have hit on a solution to help thousands of homeowners who face the failure of their concrete foundations and a refusal by most insurers to cover the problem.

Ted Bunker, 07 November 2017
AM Best puts AmTrust under review after reserve charge

AM Best has placed AmTrust's A financial strength rating under review with negative implications following a further $326.9mn reserve charge for the third quarter.

Catrin Shi, 07 November 2017
Suncorp’s Vero drops Tower takeover appeal

Suncorp unit Vero has dropped its appeal against the New Zealand Commerce Commission's decision to block its purchase of 100 percent of Tower.

Catrin Shi, 07 November 2017
Hiscox reports US property rate increases of 10%-50%

Hiscox is seeing price corrections of between 10 percent and 50 percent "and sometimes more" on loss-affected and loss-exposed US property lines, the company said in an interim management statement today.

Catrin Shi, 07 November 2017
JLT says too soon to call impact of cats on rates

JLT reiterated a prediction of full-year organic revenue growth "more in line with historic rates" as it ruled that it was premature to assess the impact of recent catastrophes on insurance rates.

Laura Board, 07 November 2017

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