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  • "Be prepared" is a mantra that has served generations of boy scouts and girl guides well, and is one that the insurance industry should take to its heart as a damaged UK government staggers towards the start of Brexit talks
  • The InsurTech startup Sure has raised $8mn in a series A funding round led by New York-based investment firm IA Capital, the company said yesterday.
  • United Insurance Holdings estimates it has now hit the retention on its 1 January-placed catastrophe aggregate reinsurance programme after a series of events in the second quarter.
  • Guy Carpenter’s head of innovation and product development Don Mango is leaving the reinsurance broker, The Insurance Insider can reveal.
  • XL Group’s venture finance arm raised its investment in Notion, an Internet of Things (IoT) startup, contributing to a “series A” funding round that delivered about $10mn to the producer of remote home monitoring systems.
  • CNA Specialty is setting up a new unit to manage its MGA network and affinity insurance business.
  • AIG is raising EUR1bn ($1.12bn) in the European fixed income market, the US P&C giant said in a stock exchange filing.
  • Munich Re is the lead reinsurer for the Norwegian carrier Protector Forsikring ASA, which insures the Grenfell Tower in west London that was devastated by a fire on Tuesday night.
  • US carrier AmTrust has agreed a new contract with former CFO Ron Pipoly, who is to continue as an executive vice president at the company
  • More UK carriers will follow Lloyd's and QBE in establishing their EU subsidiaries in Brussels, according to a senior official at the Belgian Finance Ministry.