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Insurance
Insured losses from Cyclone Debbie rise to A$410m: ICA
The Insurance Council of Australia (ICA) has estimated the insured losses from Tropical Cyclone Debbie at A$410 million ($309.2 million) as of April 6, 9:00 AM local time.   6 April 2017
Insurance
Lloyd’s inaugurates India branch with MS Amlin and the UK Chancellor
London-based specialty re/insurance market Lloyd’s has inaugurated its Indian branch in the presence of UK Chancellor Philip Hammond and joined by MS Amlin as the first participating syndicate.   5 April 2017
Insurance
Volcanic ash fall risk higher than perceived, warns Swiss Re’s Patrice Tscherring
The risks associated with a volcanic eruption have received insufficient attention in the past, particularly with regards to ash fall, said Swiss Re’s head of earthquake Patrice Tscherring.   5 April 2017
Insurance
IAG lowers 2017 insurance margin guidance after A$140m Cyclone Debbie hit
Insurance Australia Group (IAG) increased its natural peril cost assumption for 2017 and lowered its insurance margin guidance range after Tropical Cyclone Debbie hit Australia’s Northeast.   5 April 2017
Insurance
QBE enters marine partnership with Proteus
Re/insurer QBE, marine underwriting agency Proteus, and Australian broking group Steadfast have entered a strategic partnership in the marine insurance segment.   5 April 2017
Insurance
Cyclone Debbie insured losses reach A$306m so far: ICA
The Insurance Council of Australia (ICA) has estimated the insured losses from Tropical Cyclone Debbie at A$306 million (approximately $231.3 million) as of April 4, 9:00 AM local time.   4 April 2017
News
SCOR gets green light for life and health reinsurance branch in Japan
SCOR Global Life has received the approval from the Financial Services Agency of Japan (FSA) to open a branch office in Tokyo, and conduct life and health reinsurance business in Japan.   4 April 2017
Insurance
Losses in excess of $1bn become more common in liability insurance: Allianz
Liability losses in excess of $1billion are becoming more commonplace for companies and are no longer confined to the US and Europe, according to an Allianz report.   3 April 2017
Insurance
Peak Re 2016 premium up 20% YoY at barely changed combined ratio
Hong Kong-based Peak Reinsurance Company’s premium income increased by 20 percent year-on-year in 2016 with a barely changed combined ratio but net profit was hit by lower investment returns.   3 April 2017
Insurance
Cyclone Debbie costs could reach ‘hundreds of millions of dollars’
The Insurance Council of Australia (ICA) said that Tropical Cyclone Debbie triggered 7,500 claims and that insurance losses could reach into the hundreds of millions of dollars as householders and businesses return to their properties and lodge claims.   31 March 2017

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