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CNA’s refund debacle bill more than triples to $96mn

CNA has revealed that the cost of refunding customers after an overcharging scandal is set to more than triple to $96mn.

Dan Ascher, 10 August 2017
Heritage pays 2.1x book on Narragansett growth outlook

Heritage’s deal to buy Narragansett Bay for $250mn brings to an end a lengthy pursuit of the northeast-focused homeowners' specialist that began in 2014, shortly after the Floridian completed its IPO.

David Bull, 10 August 2017
Third Point Re’s Berger gives up another top role

Total return reinsurer Third Point Re’s founder and chairman John Berger has relinquished the role of CEO in the Bermudian’s US unit after stepping down from the same position in the parent enterprise earlier this year.

Ted Bunker, 10 August 2017
Atlantic hurricane season outlook worsens at NOAA

Forecasters at the National Oceanic and Atmospheric Administration revised their outlook for the Atlantic hurricane season to predict more storm activity - including major hurricanes - than the meteorologists expected in May.

Ted Bunker, 10 August 2017
AmTrust and Maiden shares plunge on Q2 earnings

Shares in US carrier AmTrust and sister company Maiden Holdings dropped today in New York, after both firms released their second quarter results late yesterday.

Matthew Neill, 09 August 2017
Aspen’s Sanders to join Everest political risk team

Everest Insurance has recruited Paul Sanders, head of credit and political risk at Aspen Insurance, to its political risk team in London, The Insurance Insider can reveal

Bernard Goyder, 09 August 2017
Tokio Marine non-life international profit up 11%

Total non-life profits for Tokio Marine's international insurance businesses rose by 11 percent to 40.4bn yen ($0.37bn) for the quarter ended 30 June, the first quarter of its financial year, according to the latest filings from the Japanese giant.

Charlie Thomas, 09 August 2017
Lemonade rival Jetty secures $11.5mn series A funding

New York renters' insurance start-up Jetty has secured $11.5mn of funding in a series A round led by Peter Thiel's Valar Ventures.

Matthew Neill, 09 August 2017
WR Berkley raises buyback authorisation

WR Berkley has increased its share buyback authorisation to 10 million shares of common stock

Catrin Shi, 09 August 2017
Opinion: Allianz's M&A ambition

Allianz's £500mn ($650mn) investment in LV= is not so much a transformational deal as a statement of intent

Catrin Shi, 09 August 2017

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