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Cat bond volumes to hit $8bn in 2017: Aon

Aon Securities has reiterated its position that 2017 is set to become the biggest ever year for the cat bond market, with issuance forecast to come in at $8bn.

Fiona Robertson, 28 April 2017
Senate weighs NFIP extension that requires reinsurance

A proposal to extend the National Flood Insurance Program for 10 years, build in reinsurance authorisation and raise coverage limits has emerged in the US Senate, which plans a hearing on the programme next week.

Ted Bunker, 28 April 2017
Fidelity International accuses Fidelis of trademark infringement

Global investment management firm Fidelity International has accused total return carrier Fidelis of breaching its trademark in the UK and the European Union

Matthew Neill, 28 April 2017
Generali strengthens US team in western push

Generali Global Corporate & Commercial (GC&C) has opened offices in Chicago and San Francisco and recruited senior staff, as the Italian carrier grows its US footprint

Bernard Goyder, 28 April 2017
Chubb’s Greenberg hints at higher merger cost savings

Chubb CEO Evan Greenberg said his company may lift its $800mn forecast for merger-related savings in the second quarter.

Laura Board, 28 April 2017
Next Insurance secures $29mn series A funding

InsurTech start-up Next Insurance has sealed a $29mn series A funding round led by Munich Re's HSB Ventures arm.

Matthew Neill, 28 April 2017
Major claims push Mapfre Global Risks to underwriting loss

Mapfre's global specialty insurance arm Mapfre Global Risks fell to an underwriting loss in the first quarter as a result of increased large claims.

Laura Board, 28 April 2017
Aubert reappointed as LMG chair

The London Market Group (LMG) has reinstated Nicolas Aubert as its chair for a further year, according to a statement by the trade body today

Bernard Goyder, 28 April 2017
Willis trials panels on new tech placement platform

Willis Towers Watson North America (WTWNA) is piloting a new electronic placement platform across a number of recently assembled carrier panels, The Insurance Insider can reveal

David Bull, 28 April 2017
UK motor XoL rates double post-Ogden change: Benchimol

UK motor excess-of-loss (XoL) treaties saw rate increases of over 100 percent at 1 April following the change to the Odgen discount rate, according to Axis Capital CEO Albert Benchimol

Catrin Shi, 28 April 2017

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