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Endurance expecting $56mn Q2 cat hit

Endurance has become the latest carrier to preannounce catastrophe loss estimates ahead of its second quarter results as it warned it is expecting to take a $55.5mn net hit from events during the three month period.

Dan Ascher, 15 July 2016
AM Best upgrades IFG’s issuer credit rating

Ratings house AM Best has upgraded the issuer credit rating (ICR) of surplus lines writer IFG Companies.

Dan Ascher, 14 July 2016
BHSI launches Australian cyber product

Berkshire Hathaway Specialty Insurance (BHSI) is set to launch an insurance product in Australia in partnership with IT security company Symantec

14 July 2016
RKH Specialty hires P&I broker

RKH Specialty has hired Mike Riddick to join its marine protection and indemnity (P&I) team, the Hyperion-owned broker announced today (14 July)

Matthew Neill, 14 July 2016
Brexit to have no impact on India business: Beale

Lloyd's CEO Inga Beale has said that the Corporation's business in India will not be affected by the UK's decision to leave the European Union

Winifred Okocha, 14 July 2016
Cat losses push Chaucer to Q2 underwriting loss

The Hanover has announced its Lloyd's business Chaucer will post a second quarter underwriting loss due to the impact of catastrophe and large loss activity at the beginning of the year

Matthew Neill, 14 July 2016
Analysts warn on outsized Q2 cat losses

Equity analysts have warned of higher-than-expected second quarter catastrophe losses and share price pressure at US P&C insurers following a swathe of loss estimate pre-announcements

Catrin Shi, 14 July 2016
Barbican Protect hires property and package underwriter

Barbican Insurance's UK arm Barbican Protect has appointed Martyn Bleakley as a property and package underwriter, the carrier announced today (14 July)

Matthew Neill, 14 July 2016
R&Q enters US surety underwriting agreement

Randall & Quilter (R&Q) subsidiary Accredited Surety and Casualty Company (ASC) has entered into an underwriting agreement with surety bond specialist East Coast Surety Agency (ECS).

Catrin Shi, 14 July 2016
Kemper adds $52mn cat losses to Q2 tally

US insurer Kemper Corporation has estimated its second quarter 2016 results will include pre-tax catastrophe losses of approximately $52mn.

14 July 2016

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