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Florida cat fund flush with cash despite Matthew, Hermine
The Florida Hurricane Catastrophe Fund (FHCF) holds $17.5bn in liquid assets - the most since its creation in 1993, its managers have claimed
Ted Bunker
,
19 October 2016
Cobalt confirms Lloyd’s syndicate approval
Cobalt today confirmed it has received "in-principle" approval for a Shariah-compliant Lloyd's syndicate, as revealed by The Insurance Insider yesterday.
Catrin Shi
,
19 October 2016
Lloyd’s market will lose money soon: Drysdale
The Lloyd's market will lose money in the near future as soft pricing continues to pile margin pressure on carriers, Atrium Syndicate 609 active underwriter Toby Drysdale warned investors yesterday
Catrin Shi
,
19 October 2016
JLT Re appoints Korea chief
JLT Re has hired Jong Kuk Moon as CEO of its Korean business, the company announced today
19 October 2016
PIB acquisitions continue with legal purchase
UK broker-consolidator PIB Insurance Brokers has completed the purchase of Northampton-based legal professional indemnity (PI) broker QPI Legal
Matthew Neill
,
19 October 2016
Major (re)insurers to explore blockchain for insurance
Major industry players Aegon, Allianz, Munich Re, Swiss Re and Zurich have launched an initiative to explore the potential use of blockchain technology in insurance.
Matthew Neill
,
19 October 2016
RSA hires Read as group pricing head
London-based carrier RSA has appointed Richard Read as its new group pricing director, with effect from November.
Matthew Neill
,
19 October 2016
Matthew triggers CCRIF rainfall payouts
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has paid out $4.8mn for excess rainfall from Hurricane Matthew.
Catrin Shi
,
19 October 2016
Typhoons Sarika and Haima batter southeast Asia
Super Typhoon Haima is tracking towards the northern Philippines at a strength of Category 4, according to catastrophe modelling firm AIR Worldwide.
Catrin Shi
,
19 October 2016
Maison owner 1347 Property studies strategic options
The owner of Louisiana-focused homeowners carrier Maison Insurance is reviewing its operations in a process that could result in a sale of the business.
Ted Bunker
,
18 October 2016
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