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Ironshore expands Bermuda MGA to London and US

Ironshore has expanded its Bermuda-based underwriting agency model to the US and London, the Liberty Mutual-owned specialty player said today.

Dan Ascher, 26 September 2017
United estimates $83mn Q3 hit from Irma, Harvey

Floridian homeowners insurer United Insurance Holdings has estimated it will take an $83mn pre-tax hit from third quarter catastrophe losses net of reinsurance recoveries.

David Bull, 26 September 2017
S&P goes negative on view of Berkshire insurance units

Berkshire Hathaway’s insurance units, including National Indemnity Company (Nico), General Re and GEICO had their credit outlook lowered to negative from stable by S&P Global Ratings, which cited risks to capitalization levels.

Ted Bunker, 26 September 2017
Maria industry loss put at $40bn-$85bn by AIR Worldwide

Hurricane Maria left as much as $85bn in insured losses after devastating Caribbean islands from Dominica to Puerto Rico, where most of the worst damage occurred, AIR Worldwide said today.

Ted Bunker, 26 September 2017
Intact wins approvals to close $1.7bn OneBeacon deal

OneBeacon’s $1.7bn acquisition by Canadian property and casualty insurer Intact Financial is expected to be completed by Thursday after regulators gave final approval to the transaction, Intact said today.

Ted Bunker, 25 September 2017
Mapfre warns its cat bill may reach EUR200mn

Mapfre has warned investors that it is facing net costs of up to EUR200mn ($236.8mn) from a string of hurricanes and earthquakes that have plagued the industry in recent weeks.

Dan Ascher, 25 September 2017
MarketScout launches $25mn InsurTech fund

Texas-based MGA and insurance exchange MarketScout has announced the formation of a $25mn venture fund for tech-enabled insurance distribution.

Charlie Thomas, 25 September 2017
Hurricane Maria weakens off US East Coast

Hurricane Maria weakened to Category 1 strength over the weekend and is moving north off the US East Coast with sustained winds of about 80mph (129kph), the National Hurricane Center said today

Ted Bunker, 25 September 2017
LMG confirms Charles Taylor delegated authority win

The London Market Group (LMG) has confirmed the selection of Charles Taylor InsureTech as the preferred vendor for its delegated authority data project

Bernard Goyder, 25 September 2017
Esser’s AFL establishes energy practice with Tysers hires

Lloyd's broker AFL has moved into energy with the appointment of two brokers from Tysers.

Laura Board, 25 September 2017

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