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June US weather losses to cost insurers $500mn+: Aon Benfield

Aggregate insured losses from severe weather and flooding in the US during June are expected to surpass $500mn, according to Aon Benfield's Impact Forecasting arm

Himal Patel, 08 July 2015
Aspen appoints head of US marine

Bermuda-headquartered carrier Aspen has hired Patrick Hickey as executive vice president of US marine insurance, the company announced today (8 July).

Winifred Okocha, 08 July 2015
UK premium tax increases by 58.3%

Insurance premium tax (IPT) in the UK will increase from 6 percent to 9.5 percent from 1 November, Chancellor of the Exchequer George Osborne announced today (8 July).

Winifred Okocha, 08 July 2015
Fairfax-Brit deal closes

Fairfax has completed its $1.88bn all-cash acquisition of Brit, the Canadian conglomerate announced today (8 July)

Himal Patel, 08 July 2015
Perils cuts third Elon-Felix estimate by 2%

European loss compilation agency Perils has lowered its loss estimate for Windstorm Elon-Felix to EUR328mn ($361mn)

Winifred Okocha, 08 July 2015
Ace-Chubb deal has $930mn termination fee

Ace's giant $28.3bn agreed deal for Chubb includes a $930mn termination fee, according to a Securities and Exchange Commission filing from the Switzerland-based (re)insurer last night (7 July)

Charlie Thomas, 08 July 2015
Fosun completes Meadowbrook acquisition

Chinese conglomerate Fosun has completed its takeover of distressed US insurer Meadowbrook, giving the group a P&C carrier licensed in 50 states.

Charlie Thomas, 08 July 2015
Study predicts $1tn+ worst case cyber loss

A major cyber attack on the US power grid would result in an economic loss of up to $1tn, according to a new study from Lloyd's and the University of Cambridge's Centre for Risk Studies

Mark Geoghegan, 08 July 2015
Navigators enters terrorism with Watkins hires

New York-listed insurer Navigators has extended its push for international expansion by hiring the political violence and terrorism team of Munich Re's Lloyd's arm Watkins, The Insurance Insider can reveal.

Adam McNestrie, 08 July 2015
Improved Exor offer could sway PartnerRe shareholders: analysts

Improved offer terms unveiled by Exor for PartnerRe today (7 July) could be enough to swing the crucial shareholder vote later this month against the rival Axis bid, according to analysts.

David Bull, 08 July 2015

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