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Aon rolls out flood limit replacement product

Organisations victimised by Hurricane Harvey’s floods may be able to reinstate exhausted or impaired aggregate flood limits through a product newly created by Aon’s risk solutions group for its clients.

Ted Bunker, 30 August 2017
AmTrust shares drop after report of suspect inquiries

AmTrust shares fell as much as 5.6 percent in New York trading today following a Wall Street Journal report about vocal critics of the company receiving suspicious inquiries about the carrier from parties apparently using phony identities.

Bernard Goyder, 29 August 2017
Underwriting losses mount for US P&C industry: AM Best

Property and casualty insurers in the US collectively lost $5.1bn on their underwriting operations in the first half of this year, more than double the loss in the corresponding period of 2016, AM Best has said, citing statutory reports.

Ted Bunker, 29 August 2017
Ardonagh promotes Newman and confirms Donegan move

The Ardonagh Group has promoted Gordon Newman to head up its wholesale broking operations as part of a management reorganisation that has seen Price Forbes CEO Mike Donegan move to a group strategic role.

Adam McNestrie, 29 August 2017
Argo Bermuda takes US property execs from Ironshore

Argo has hired a quartet of Ironshore executives led by Nick Wills to write direct US property business from its Bermuda platform, The Insurance Insider can reveal

David Bull, 29 August 2017
Novae-Axis deal wins shareholder clearance

Novae's £477.6mn ($612.5mn) takeover by Axis Capital gained overwhelming shareholder approval today, with almost 94 percent of voting investors endorsing the deal at a court meeting.

Catrin Shi, 29 August 2017
Donegan steps down as Price Forbes CEO

Mike Donegan has stepped down as CEO of Price Forbes and taken up a position as a strategic advisor to parent company The Ardonagh Group, The Insurance Insider can reveal.

Adam McNestrie, 29 August 2017
China Re H1 profits grow 13 percent

Profit before tax at state-owned carrier China Re grew 12.7 percent to RMB3.89bn ($589mn) in the first half as investment returns improved.

Bernard Goyder, 29 August 2017
European reinsurers to largely absorb Harvey loss: UBS

Third-quarter cat budgets at the four major European reinsurers should largely be able to contain the impact from Hurricane Harvey, even if the storm generates a $20bn industry insured loss, according to UBS analyst Jonny Urwin.

Iulia Ciutina, 29 August 2017
CNA is largest Texas commercial property carrier: Moody’s

CNA, Liberty Mutual and AIG are the top three commercial property insurers in Texas by direct written premiums (DWP), according to data from Moody's and SNL Financial.

Charlie Thomas, 29 August 2017

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