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Insurers support rethink on Australian disaster spend
Australian insurance bodies have supported a Senate committee report that called on the federal government to reconsider increasing its spending natural disaster mitigation
Sofia Geraghty
,
14 August 2017
Talanx Q2 profit rises by 11%, but misses consensus
Operating profit at German carrier Talanx increased by 11.1 percent to EUR549mn ($649mn) for the second quarter of 2017, slightly undershooting the EUR555mn consensus estimate from analysts.
Charlie Thomas
,
14 August 2017
Opinion: Ogden appeal
The chaos unleashed by the UK government's decision to alter the Ogden discount rate in February has continued this week, as another round of earnings results has laid bare the impact on (re)insurers
Charlie Thomas
,
14 August 2017
Navigators names Milner to succeed Coward at NavTech
Navigators has promoted Patrick Milner to become president of its NavTech unit, which underwrites upstream and downstream energy as well as a host of other technical risks.
Dan Ascher
,
12 August 2017
H1 2017 saw most US cats since 1980: Verisk
Flash floods inundated parts of several US cities this week, causing millions of dollars in damage in San Antonia, Kansas City and New Orleans - where Louisiana governor John Edwards declared a state of emergency today
Ted Bunker
,
12 August 2017
Ag start-up MGA Crop Pro aims to mix FinTech and MPCI
Crop Pro Insurance Services, an Iowa start-up adapting new technology and risk management methods in the crop insurance market, passed two milestones this week by raising $8mn in venture financing and obtaining federal approval to offer US-backed agricultural cover.
Ted Bunker
,
12 August 2017
Navigators’ outlook revised to positive by AM Best
Navigators may be in line for a ratings upgrade after AM Best changed its outlook on the carrier’s operating units to positive from stable today, citing the group’s “strict underwriting discipline”.
Ted Bunker
,
11 August 2017
Opinion: Beyond Florida
Heritage chairman and CEO Bruce Lucas says the deal to buy Narragansett Bay for $250mn is a game changer for the Florida-based carrier
David Bull
,
11 August 2017
FRC fines Deloitte actuary over ERS misconduct
The Financial Reporting Council (FRC) has sanctioned a Deloitte actuary after he admitted to misconduct during his time working for Lloyd's motor insurer Equity Syndicate Management Limited (ESML), now ERS
Bernard Goyder
,
11 August 2017
Rival bidders eye up LV= insurance GI business
Private equity houses and at least one other trade buyer are now circling LV= after Allianz submitted a £500mn ($649mn) bid for a 49 percent stake in the mutual's general insurance (GI) business, The Insurance Insider understands
Catrin Shi
,
11 August 2017
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