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  • Insured disaster losses for the first half of 2017 have come in $10bn below the 10-year average at $23bn, which was also down by 36 percent from a year earlier, according to Swiss Re's latest Sigma report.
  • As with just about all things Trumpian, the US president's latest message has been clouded with unrelated and often inflammatory rhetoric that grabs headlines while obscuring the portent of his actions.
  • QBE shares fell more than 7 percent after the Australian company released first-half results and announced a restructuring at its troubled emerging markets unit.
  • Diversified carrier Nationwide intends to invest over $100mn in technology-focussed ventures under the leadership of Terrance Williams, the insurers marketing chief, and newly hired Scott Sanchez.
  • A new model statute dealing with cyber security and nearing final approval by the National Association of Insurance Commissioners (NAIC) is likely to raise insurer’s operating costs as well as their exposure to penalty and compliance risks, Fitch Ratings said today.
  • AM Best has changed its review status on the ratings of Tower Insurance Limited to negative after regulators blocked the proposed takeover of the New Zealand insurer by Suncorp late last month.
  • PartnerRe has agreed to sell PartnerRe Insurance Company of New York (PRNY) to Employers Group, as it continues to tidy its portfolio following its takeover by Agnelli family-controlled investment company Exor in March 2016.
  • AmTrust has elevated Ariel Gorelik to the role of chief information officer to further bolster the insurer's top management
  • Greenlight Capital Re has named Mike Belfatti, a former chief actuary of Endurance and Validus, as chief operating officer in the latest of a series of senior hires
  • London market broker Besso Insurance Group has agreed to join Placing Platform Limited (PPL), the electronic risk placement system being rolled out as part of the London market modernisation programme.