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Lloyd’s risks market ire as 9 start-ups target 2018

The Corporation of Lloyd's has placed itself on a collision course with incumbent managing agents by entertaining at least nine full syndicate and special purpose arrangement (SPA) start-ups for the first half of 2018.

Adam McNestrie, 12 September 2017
Insurance sector shares climb post-Irma

Florida-focused property and casualty (P&C) insurers led the sector higher in New York trading yesterday after predictions of damage to the state last week appeared to have far exceeded actual losses from the weekend passage of Hurricane Irma.

Ted Bunker, 12 September 2017
Hurricane Jose may threaten US after ‘odd’ loop

Hurricane Jose, which had followed a track similar to Irma’s last week, has halted its progress toward the US but may yet emerge as a threat and that has posed the possibility of a third cyclone hitting the nation in the space of a month.

Ted Bunker, 12 September 2017
Flood a significant contributor to Irma loss: RMS

A significant proportion of the losses from Hurricane Irma will be from flood losses, said Robert Muir-Wood, chief research officer at RMS, at a briefing focused on Irma and Harvey in Monte Carlo today.

Sofia Geraghty, 11 September 2017
Assurant sees up to $265mn in hurricane cat losses

Assurant expects as much as $265mn in pre-tax catastrophe losses tied to Hurricanes Harvey and Irma, the specialty carrier said today.

Ted Bunker, 11 September 2017
AI could close protection gap: Swiss Re's Mumenthaler

Artificial intelligence could hold part of the key to closing the protection gap, according to Swiss Re CEO Christian Mumenthaler.

Sofia Geraghty, 11 September 2017
Chubb picks France for post-Brexit hub

Chubb broke with the insurance pack today with an announcement that it will establish a regional headquarters in France to serve EU markets after Brexit.

Laura Board, 11 September 2017
Irma downgraded to tropical storm and heads to Georgia

Irma has spent much of its fury and is now considered a tropical storm that will likely degrade to a tropical depression by midday Tuesday and be gone altogether by late Thursday, the National Hurricane Center (NHC) said today as catastrophe modellers scaled back insured loss estimates for Florida.

Ted Bunker, 11 September 2017
Long-Neon MGA prepares for launch with Beat backing

Stefan Long's MGA start-up, now christened as Chord Re, has built out its team with the hire of property and risk heads and is poised to launch at 1 January

Adam McNestrie, 11 September 2017
Insurer shares rebound as Irma loss forecasts shrink

Insurance sector shares rebounded in early New York trading today led by double-digit gains in Florida-focused P&C carriers and smaller but still notable increases for reinsurers as they dodged the worst-case scenarios regarding Hurricane Irma.

Ted Bunker, 11 September 2017

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