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PA market faces $35mn baseball claim; Vibe picks up Navigators' North American D&F book; Fairfax talks to Omers on Allied; Willis Towers Watson Asia duo departs; Pryce appointed to Lloyd's Franchise Board; Icat and Neon team up on D&F; Brit expands sidecar
10 January 2017
XL disclosure points to higher industry cat losses
Analysts warned of higher-than-expected catastrophe losses from P&C (re)insurers in Q4, as XL Group disclosed its own $245mn net cat loss for the period.
Catrin Shi
,
10 January 2017
Willetts to boost A&H offering at Endurance
Dale Willetts, head of accident and health (A&H) and special risks at AmTrust at Lloyd's Syndicate 1861, has left the company to join Endurance, The Insurance Insider understands.
Charlie Thomas
,
10 January 2017
US casualty re disguises weakening fundamentals
For many reinsurers US casualty was a safe harbour in a sea of disappointment at the 1 January renewals.
David Bull
,
10 January 2017
Brothers behaving badly
It is one of life's great paradoxes is that the older and more mature someone gets, the more irrational they become.
Mark Geoghegan
,
10 January 2017
XL Catlin and AIG continue multi-line agg trend
Growing interest in multi-line aggregate covers translated into fresh or expanded placements at 1 January by cedants such as XL Catlin and AIG, The Insurance Insider can reveal.
David Bull
,
10 January 2017
Insider View: 1 January renewals
A brief examination of the 1 January reinsurance renewal could be misread as an incrementally positive step in the recovery of underwriters from their soft market ills.
David Bull
,
10 January 2017
Soft market slog looms after further concessions
Reinsurers are preparing to dig in for two or three years of deteriorating results, as the 1 January renewals look set to mark the last meaningful erosion of rates following years of significant compound reductions.
Adam McNestrie
,
10 January 2017
RSA fined after data theft
The UK data protection regulator has fined RSA £150,000 ($182,943) following the 2015 theft of a hard drive containing 60,000 customers' names and bank account details from an RSA building.
Bernard Goyder
,
10 January 2017
Hurricane Matthew Florida losses hit $803mn
Estimated Floridian insured losses from Hurricane Matthew have risen over 10 percent to $803mn, according to the Florida Office of Insurance Regulation.
Matthew Neill
,
10 January 2017
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