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California agrees $12mn settlement with WR Berkley

The California Department of Insurance (CDI) has received a $12mn settlement from WR Berkley Corporation after one of its subsidiaries was found to be operating as a surplus lines carrier in the state without the required licences

Matthew Neill, 24 May 2017
Trustees call for lower trigger on $1bn FHCF treaty

Trustees at the Florida Hurricane Catastrophe Fund (FHCF) have expressed an interest in lowering the reinsurance trigger for the renewal of its $1bn catastrophe reinsurance programme.

Fiona Robertson, 24 May 2017
Swiss Re Corporate Solutions names Emea and Asia CEOs

Swiss Re Corporate Solutions, the commercial and specialty arm of Swiss Re, has made two management changes following the resignation of Europe, Middle East and Africa (Emea) CEO Tony Buckle

Bernard Goyder, 24 May 2017
Denver storm losses estimated at record $1.4bn

The Rocky Mountain Insurance Information Association has estimated insured losses from the hailstorm that hit Colorado's Front Range region on 8 May at $1.4bn, making it the state's costliest catastrophe to date.

Lucy Jones, 24 May 2017
Reinsurer group led by Nico swings to $2.4bn loss

A group that includes some of the biggest US reinsurers slid to a $2.4bn net loss in the first quarter, driven by a $2.98bn deficit at Berkshire Hathaway's National Indemnity Company (Nico), data collected by the Reinsurance Association of America (RAA) showed

Ted Bunker, 24 May 2017
Australian MGA Blend Insurance launches

New underwriting agency Blend Insurance Solutions has launched in the Australian market after securing an accident and health (A&H) renewal rights deal with Beazley Underwriting

Charlie Thomas, 24 May 2017
State Auto specialty insurance head departs

Jessica Clark, the director of commercial and specialty insurance at Nasdaq-listed State Auto Financial Corporation (STFC), has left the company, the carrier announced yesterday.

Bernard Goyder, 24 May 2017
Market dodged major losses from WannaCry: AM Best

Insurers probably dodged a cyber bullet when the WannaCry virus disabled more than 300,000 computer systems worldwide because few of the victims were covered for the risk, according to AM Best.

Ted Bunker, 24 May 2017
Chinese insurers well captialised: CIRC

A study by the Chinese insurance regulator has found that the country's insurers tend to be well capitalised.

Bernard Goyder, 24 May 2017
Maison owner taps Dan Case as COO to grow business

Maison owner 1347 Property Insurance Holdings (PIH) named Dan Case, a veteran of Advocate Reinsurance Partners, as COO responsible for growing operations for the carrier.

Ted Bunker, 24 May 2017

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