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Interconnectedness a major challenge for cyber: Barn`

The global "data explosion" and the increasing interconnectedness of companies is posing major challenges to cyber insurers and their clients, Munich Re's global head of cyber, Daljitt Barn, has said

Laura Board, 08 June 2017
Severe US weather losses near $3bn in May

Severe US weather last month caused almost $3bn of insured losses, with nearly half the damage attributed to a single hailstorm in Colorado, according to Aon Benfield's Impact Forecasting.

Ted Bunker, 08 June 2017
Aon Benfield wins Florida accounts from rivals

Aon Benfield placed a trio of accounts at the 1 June Florida renewal freshly won from rivals, The Insurance Insider can reveal.

David Bull, 08 June 2017
ProSight puts Lloyd’s operation into run-off

ProSight has placed its Lloyd's operation into orderly run-off after attempts to secure a live acquirer for the platform proved fruitless, The Insurance Insider can reveal

Adam McNestrie, 08 June 2017
Bermudian carriers return $1bn to shareholders in Q2

Bermudian carriers continued to hand back capital to their shareholders in the second quarter, as challenging conditions provided few growth opportunities

Iulia Ciutina, 07 June 2017
‘Introverted’ (re)insurance industry holding itself back: Mendel

The “introverted and insular” attitude of the traditional (re)insurance industry is making it vulnerable to disruption by InsurTech firms, Bought by Many founder and co-CEO Steven Mendel has claimed

Catrin Shi, 07 June 2017
Schauble: InsurTech VCs not looking to replace carriers

InsurTech venture capital investors seeking growth opportunities have a very different motivation to the capacity backing (re)insurance liabilities, according to Nephila managing partner Barney Schauble

Sofia Geraghty, 07 June 2017
XL Catlin pushes global property capacity to $500mn

XL Catlin has increased its global property insurance capacity by 25 percent to $500mn, with the limit available on a quota share or layered basis

Charlie Thomas, 07 June 2017
Athene shareholders raise $794mn in share sale

Shareholders in Apollo-backed Athene have sold about $793.8mn worth of stock in a secondary offering, which was launched less than three months after an earlier sale that raised more than $1.3bn

Laura Board, 07 June 2017
Firms need in-house disruption teams: Greenberg

Incumbent insurers and brokers looking to fight off disruptors should establish teams of staff to examine how their own businesses need to change to future-proof themselves, Aquiline chairman and CEO Jeff Greenberg has said

Adam McNestrie, 07 June 2017

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