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Davies posts 23% rise in FY Ebitda
Outsourced insurance services company Davies Group reported comfortable double-digit increases in Ebitda and revenue from a fiscal year in which US private equity firm HGGC became its majority owner
Laura Board
,
04 October 2017
Guy Carp hires Marsh Analytics head for innovation role
Reinsurance broker Guy Carpenter has hired Claude Yoder from sister business Marsh Analytics as managing director and global chief innovation and product development officer.
Laura Board
,
04 October 2017
Gulf storm system could become Hurricane Nate: JLT Re
A tropical depression in the western Caribbean off Nicaragua is likely to strengthen into Hurricane Nate, according to JLT Re.
Catrin Shi
,
04 October 2017
Aon settles legal battle with Willis over CFO hire
Aon has settled a short but bitter dispute with rival Willis Towers Watson, which stood accused of unfair competition after hiring Mike Burwell as CFO.
Ted Bunker
,
04 October 2017
White House asks Congress for $16bn NFIP bailout
The National Flood Insurance Program would get a $16bn infusion of credit under a new disaster relief financing proposal White House budget director Mick Mulvaney sent to Congress late today.
Ted Bunker
,
04 October 2017
Hamblin warns on Harvey flood exposure
Texan flood losses coming into the London market following Hurricane Harvey could be far greater than initially thought, Blenheim Syndicate 5886 active underwriter John Hamblin has warned
Catrin Shi
,
04 October 2017
Zurich replaces XL as Rural Insurance capacity lead
Agricultural specialist Rural Insurance has secured a five-year capacity deal worth £41mn ($54.3mn) with Zurich Insurance
Laura Board
,
04 October 2017
RenRe pegs net hurricane and earthquake loss at $625mn
RenaissanceRe warned that net losses from a trio of Atlantic hurricanes as well as a duo of earthquakes that rocked Mexico are likely to total around $625mn.
Dan Ascher
,
04 October 2017
E&S property drives $56mn State Auto hurricane losses
State Auto has estimated a pre-tax hit from third quarter catastrophe losses of $56.1mn, with 80 percent coming from its specialty excess and surplus lines (E&S) property unit.
David Bull
,
04 October 2017
NFIP in line for government bailout: report
The National Flood Insurance Program (NFIP) is to receive a $16bn bailout from the US government, the Associated Press has reported.
Bernard Goyder
,
04 October 2017
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