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Apollo set to take majority stake in Catalina

Global investment firm Apollo is poised to make an additional investment in Catalina, giving it a majority stake in the legacy specialist, The Insurance Insider can reveal.

Adam McNestrie, 16 October 2017
Ireland and UK brace for ex-Hurricane Ophelia

Flights and ferry crossings have been cancelled as Ireland and parts of the UK prepare for ex-Hurricane Ophelia.

Bernard Goyder, 16 October 2017
Opinion: The NFIP bailout à la Trump

The National Flood Insurance Program (NFIP)'s pending $16bn bailout offers a prime example of the deep-seated rot that ultimately prompted disgusted American voters to elect Donald Trump as president

Ted Bunker, 16 October 2017
BP Marsh takes stake in US broker Mark Edward Partners

London-listed private equity firm BP Marsh has acquired a 30 percent minority stake in Mark Edward Partners, a US insurance broker.

Bernard Goyder, 16 October 2017
Willis Towers Watson changes CEEMEA leadership

Willis Towers Watson has appointed Neil Irwin as leader for the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region with immediate effect

Catrin Shi, 16 October 2017
Cyber insurance limits fall well short of PMLs: study

Cyber insureds are currently purchasing cyber insurance limits that vastly undershoot their probable maximum loss (PML) for business interruption (BI), a study sponsored by Aon Risk Solutions has found

Catrin Shi, 16 October 2017
Ascot names group CFO and COO

Ascot Group has hired Joe Roberts from Ironshore as CFO and appointed Rob Dimsey as group chief operating officer.

Catrin Shi, 16 October 2017
RemitRadar enlists Goldman Sachs for fundraising push

Goldman Sachs has been retained by the InsurTech and data company RemitRadar to run a capital raising round, The Insurance Insider can reveal

Bernard Goyder, 16 October 2017
Maria losses remain within cedants’ limits: AM Best

Rated Caribbean and Puerto Rico insurers’ estimated hurricane losses will not breach their net catastrophe reinsurance limits, and therefore credit rating actions regarding the companies are unlikely, AM Best has determined.

Charlie Thomas, 16 October 2017
Half of Bermudians expect 5-10% rises on loss-free cat

A large cohort of Bermudian reinsurers expect 5-10 percent increases on loss-free property catastrophe business at 1 January, according to responses to a survey conducted by Willis Re that was passed to The Insurance Insider by an underwriting source.

Adam McNestrie, 13 October 2017

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