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Over-cap Canterbury claims add to Tower losses
New Zealand insurer Tower said new Canterbury earthquake claims received from the state-backed Earthquake Commission (EQC) led it to increase its loss reserves for the 2010-11 Canterbury earthquakes in the half-year to 31 March
Fiona Robertson
,
24 May 2017
Cathedral’s head of aviation war departs
Cathedral's aviation war head underwriter Bruce Carman has resigned after nearly three years at the company
Adam McNestrie
,
24 May 2017
Swiss Re Singapore CEO gains P&C remit
Swiss Re has named Sharon Ooi as head of its Singapore property and casualty underwriting hub, as part of a wider set of changes to the structure of its Asian business
Bernard Goyder
,
24 May 2017
Motor insurer Sabre exploring sale or IPO
The car insurer Sabre is considering an initial public offering or a sale as its private equity owner looks to liquidate its position, the London Evening Standard has reported
Adam McNestrie
,
24 May 2017
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
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