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European storm Zeus losses rise 6%
Loss tracking agency Perils said that industry insured losses for extratropical cyclone Zeus, which hit France in March, had risen 5.6 percent from its previous estimate to EUR284mn ($338.9mn).
Sofia Geraghty
,
06 September 2017
Nephila, Validus and Everest the biggest Citizens supporters
Insurance-linked securities (ILS) giant Nephila and Bermudian carriers Validus and Everest Re combined write more than 60 percent of Florida Citizens' $1.03bn reinsurance programme, which could be at risk from Hurricane Irma
Adam McNestrie
,
06 September 2017
RenRe and Swiss lead FHCF programme
The $1bn Florida Hurricane Catastrophe Fund (FHCF) reinsurance programme, which begins paying out when industry losses to Florida insurers reach $18.5bn, is dominated by RenaissanceRe and Swiss Re.
Fiona Robertson
,
06 September 2017
Cat bond market jitters as Irma looms
Investors have begun marking down cat bonds in secondary trading as Hurricane Irma moves towards the US coast, with landfall expected on Sunday or early Monday.
Fiona Robertson
,
06 September 2017
Allianz rebuffed Anbang and HNA bid offers
Two Chinese insurance companies have made separate acquisition approaches to Allianz, but were rebuffed, according to reports.
Bernard Goyder
,
06 September 2017
Hamilton Re promotes Duffin to reinsurance CUO role
Bermudian (re)insurer Hamilton Re has made a raft of promotions, naming Tim Duffin to the newly created position of chief underwriting officer, reinsurance.
Bernard Goyder
,
06 September 2017
Berkshire Hathaway leads Florida auto insurance
As Category 5 Hurricane Irma looks set to make landfall in Florida after wreaking havoc in the Caribbean, The Insurance Insider looked at the most exposed primary carriers in the Sunshine State's commercial multi-peril and auto insurance markets in 2016.
Iulia Ciutina
,
06 September 2017
Reinsurers must boost efficiency to spur demand: Sapnar
Reinsurers need to create partnerships, build platforms and ultimately boost productivity if the industry is to boost demand and shrink the protection gap, TransRe president and CEO Mike Sapnar has claimed.
Catrin Shi
,
06 September 2017
Nephila and Everest the biggest Florida cat treaty writers
Nephila, Everest Re and RenaissanceRe were among the leading reinsurers of some of the top Florida insurers last year, according to data collated by sister publication Trading Risk.
Fiona Robertson
,
06 September 2017
Irma could prompt market correction: Kent
Hurricane Irma's current track could "fundamentally change the market", according to Willis Towers Watson deputy global CEO James Kent.
Charlie Thomas
,
06 September 2017
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