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Kanye West lawyers rebut Lloyd's carriers in $10mn suit

Lloyd's insurers embroiled in a $10mn claims dispute with Kanye West have been accused of "post-claim underwriting" in the latest installment of a lawsuit over the artist's cancelled tour.

Catrin Shi, 21 September 2017
IAG CRO Whipp to retire

Australian insurance giant IAG has announced that its chief risk officer (CRO) Clayton Whipp is to retire by the end of March 2018.

Charlie Thomas, 21 September 2017
Opinion: Pick a number, any number

As the biggest cat modelling company, RMS was under intense pressure to publish loss forecasts for Hurricane Irma from well before it made landfall in the US

Adam McNestrie, 21 September 2017
JLT Specialty USA adds Cornish to construction group

JLT Specialty USA has named construction specialist Keith Cornish as a director, as it continues to strengthen its construction capability.

Ted Bunker, 21 September 2017
Maria weakens as Jose lingers by New England

Hurricane Maria, now a Category 2 storm, has moved away from Puerto Rico and is moving offshore to the northeast of the Dominican Republic.

Catrin Shi, 21 September 2017
Hannover Re, Talanx warn on 2017 profit following cat losses

Hannover Re today warned it may not achieve its full-year 2017 profit guidance of more than EUR1.0bn ($1.2bn) following the string of large loss events in the third quarter.

Catrin Shi, 21 September 2017
Ardonagh Ebitda up a fifth in maiden earnings report

The Ardonagh Group posted adjusted Ebitda of £57.6mn ($78.0mn) in the first six months of 2017, a 21.3 percent pro forma rise year-on-year, as it reported its first numbers since its creation earlier this year.

Adam McNestrie, 21 September 2017
Florida Irma claims surge as Maria lurks offshore

Claims for losses from Hurricane Irma have surged in Florida even as a fresh storm, Hurricane Maria, tears up Caribbean islands as it moves in the general direction of the US East Coast.

Ted Bunker, 21 September 2017
Zurich NA CEO Foley steps down to be replaced by Savio

Zurich North America CEO Mike Foley is stepping down from the carrier in January 2018 and will be replaced by the unit’s alternative markets president Kathleen Savio.

Ted Bunker, 21 September 2017
Progressive’s Harvey loss suggests less industry pain

Progressive reported sharply lower than expected catastrophe losses related to Hurricane Harvey that led to a nearly 2.9 percent gain in its shares yesterday, in a possible indication that overall insured damage from the storm is less than forecast

Ted Bunker, 21 September 2017

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