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ICNZ tallies $1.5bn in Kaikoura claims

The Insurance Council of New Zealand (ICNZ) said private insurers expect to have paid most claims arising from the Kaikoura earthquake last November and the Edgecumbe flood in April by year-end

Laura Board, 18 September 2017
Opinion: Floridian newcomers

Last week, down in the darkened corners of Monte Carlo's edgier bars, brokers and underwriters lamented the futures of certain Floridian carriers

Charlie Thomas, 18 September 2017
ERS appoints Hall from Pen as active underwriter

ERS Syndicate 218 has appointed former Pen Underwriting chief underwriting officer Martin Hall as active underwriter.

Catrin Shi, 18 September 2017
Hurricane Maria threatens Caribbean as Jose nears US

Former Tropical Storm Maria has gained strength to become the seventh hurricane of the season as it approaches the Caribbean.

Catrin Shi, 18 September 2017
ZhongAn price range to value IPO at up to $1.5bn: Reuters

ZhongAn's initial public offering (IPO) opened today with an indicative pricing range of HK$53.70 to HK$59.70 ($6.86 to $7.64) per share, according to Reuters.

Catrin Shi, 18 September 2017
Hiscox shares fall on $150mn Harvey estimate

Hiscox shares fell on Monday morning in London after the carrier said it is expecting net claims of around $150mn from Hurricane Harvey, based on an industry loss estimate of $25bn.

18 September 2017
Seeman Holtz adds Midwest broker

Expansive broker Seeman Holtz has announced a deal to buy Milwaukee, Wisconsin-based DernCo Insurance.

David Bull, 16 September 2017
‘Hidden flood’ could push Harvey loss to $40bn: RMS

A “hidden flood” component could push insured losses from Hurricane Harvey toward the $40bn upper bound of the current RMS estimate for the event, according to an executive at the modelling firm.

Dan Ascher, 16 September 2017
AIR lowers its maximum loss estimate for Irma to $50bn

Modelling firm AIR Worldwide has narrowed its insured loss estimate for Hurricane Irma, now projecting the devastating storm will cost the industry between $32bn and $50bn.

Dan Ascher, 16 September 2017
ICT puts private industry Harvey losses at just $8bn

The Insurance Council of Texas (ICT) has issued an estimate of private market insured losses from Hurricane Harvey in the state of only around $8bn.

Dan Ascher, 16 September 2017

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