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Endurance and Sompo Canopius to merge post-deal

Sompo Canopius will be fully merged with Endurance following parent company Sompo's acquisition of the Bermudian firm, according to Sompo Holdings CEO Kengo Sakurada

Catrin Shi, 07 October 2016
Haiti to receive $20mn CCRIF payout

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is preparing to pay out just over $20mn to the government of Haiti following the impact of Hurricane Matthew

Matthew Neill, 07 October 2016
Hurricane Matthew to weaken to Category 3: NHC

The US National Hurricane Center (NHC) has predicted that Hurricane Matthew will weaken to a Category 3 storm as it nears the Floridian coast over the course of today.

Charlie Thomas, 07 October 2016
Everest Re and RenRe most exposed to Hurricane Matthew

Everest Re and RenaissanceRe are the most exposed carriers to Hurricane Matthew in the Florida reinsurance market, according to equities analysts at Macquarie

Winifred Okocha, 07 October 2016
AIG PI aggregation case heads to Supreme Court

A landmark professional indemnity (PI) appeal involving AIG will be heard in the UK Supreme Court on 10 October

Charlie Thomas, 07 October 2016
Wholesale channel not more costly than retail: Conning

In a P&C insurance sector that is seeing significant structural change, there has been much discussion about removing links in the distribution chain and the potential for disintermediation.

David Bull, 07 October 2016
Auto the exception in E&S buyer’s market: Amwins

Both the property and casualty sectors of the E&S sector remain soft, with a buyer's market everywhere except commercial auto, according to wholesale broker Amwins.

David Bull, 07 October 2016
Reinsurance support means Florida sell-off ‘overdone’: KBW

Florida property insurers could represent a bargain after investors beat down prices based on forecasts for Hurricane Matthew's 140 mph winds to tear up the state's east coast.

Ted Bunker, 07 October 2016
Matthew threatens 23% of Florida residential exposures

Florida homeowners' insurers are bracing themselves for a direct hit from Hurricane Matthew, a category 4 storm with winds of up to 140 mph that raked the Bahamas today and is expected to gain strength as it barrels toward the Sunshine State.

David Bull, 06 October 2016
RMS: 40% chance of $20bn loss from Matthew

Analytics firm RMS has projected a 41.9 percent chance of a $20bn industry loss after putting the path of Hurricane Matthew through its model, according to very preliminary figures obtained by sister publication Trading Risk

Fiona Robertson, 06 October 2016

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