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Hurricane aid may breathe life into NFIP

A three-month extension of the National Flood Insurance Program, or NFIP, was bundled into an emergency hurricane aid package that passed in the US Senate today in a move that would ensure the programme stays in business past the end of this month if it wins approval in the House of Representatives.

Ted Bunker, 08 September 2017
Irma 'poses risk' to 13-S&P rated cat bonds

Hurricane Irma poses a risk to 13 cat bonds rated by S&P Global Ratings, the ratings agency said today.

Sofia Geraghty, 08 September 2017
Irma’s destruction emerges in the Caribbean

Hurricane Irma’s battering winds and surging waves wiped out nearly all the structures on both Barbuda and St Martin when the Category 5 storm swept over the Caribbean islands overnight.

Ted Bunker, 08 September 2017
Willis Re takes Guy Carp’s Schwebach in Tampa

Willis Re has hired Adam Schwebach from rival Guy Carpenter, where he was a senior vice president, The Insurance Insider can reveal

Dan Ascher, 07 September 2017
BMS Re US hires Knutson from Willis Re

BMS Re US has hired Paul Knutson from Willis Re to take the position of executive vice president in its Minneapolis office.

Bernard Goyder, 07 September 2017
Insurer stocks take another beating on Irma threat

Insurance sector shares fell almost across the board today in New York, driven by double-digit declines at some Florida-focused primary carriers and Bermudian reinsurers as Hurricane Irma continues its advance.

Ted Bunker, 07 September 2017
Hurricane watch set for Miami area as Irma churns

A hurricane watch has been issued for the southeastern coast of Florida stretching from the Florida Keys to north of West Palm Beach, as Hurricane Irma continues to pummel parts of the Caribbean with 175mph (280kph) sustained winds

Ted Bunker, 07 September 2017
Price retires as AHJ chairman after 20 years

AHJ's chairman Hugh Price has retired from the independent wholesale and reinsurance broker after a career with the firm spanning 44 years

Adam McNestrie, 07 September 2017
Markel agrees to buy UK electrical contractor insurer

Markel International has agreed to acquire the business of EC Insurance Co Ltd (ECIC).

Charlie Thomas, 07 September 2017
Ogden change could save (re)insurers $3.3bn: EY

UK government proposals to reform the way the Ogden rate is calculated could save the (re)insurance industry £2.5bn ($3.3bn), according to Ernst & Young (EY)

Laura Board, 07 September 2017

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