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Florida carriers United and American Coastal agree merger

Homeowners' carrier United Insurance Holdings (UIH) has agreed an all-stock merger with commercial specialist American Coastal to create the third largest player in the Florida residential property market.

Dan Ascher, 18 August 2016
Florida workers’ comp writers push for 20% rate hike

Hundreds of US insurers have taken to the courts in Florida to seek a double-digit increase in workers’ compensation rates in the state.

Matthew Neill, 17 August 2016
UGC deal prompts AM Best Arch review

AM Best has placed several ratings of Bermudian carrier Arch Capital “under review with developing implications” following its deal to acquire AIG’s mortgage insurance arm United Guaranty Corporation (UGC).

Matthew Neill, 17 August 2016
Goldman Sachs puts $600mn Enstar stake up for sale

Goldman Sachs’ private equity arm has started to approach potential acquirers of its significant minority stake in New York-listed legacy-to-live carrier Enstar, The Insurance Insider can reveal.

Adam McNestrie, 17 August 2016
Aggregate catastrophe recoveries drop at QBE

Australian (re)insurer QBE recovered fewer catastrophe claims under its global aggregate reinsurance programme in the first half of 2016 than in the same period last year.

Fiona Robertson, 17 August 2016
Sirius adds independent directors

China Minsheng Investment (CMI) subsidiary Sirius has appointed Robert Friedman and Meyer Frucher to its board as independent directors, the company announced yesterday.

Matthew Neill, 17 August 2016
Icahn hopeful of further AIG sales

Activist investor Carl Icahn has said he hopes AIG will continue to divest assets following its $3.4bn sale of mortgage insurer United Guaranty Corporation (UGC) earlier this week (15 August).

Matthew Neill, 17 August 2016
QBE flags data quality issue at broker facilities

Richard Pryce, CEO of QBE European Operations, has highlighted his concerns over the quality of data entry at a number of broker facilities.

Charlie Thomas, 17 August 2016
Neon hires political violence head

Neon has appointed Gregg McPhee to the newly created role of head of political violence.

Catrin Shi, 17 August 2016
Admiral share price dives despite hitting forecasts

Shares in UK motor specialist Admiral fell more than 8 percent in early trading this morning, despite the carrier reporting a 3.9 percent increase in its first-half group pre-tax profits to £193.3mn ($250.3mn).

Winifred Okocha, 17 August 2016

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