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Insurance
Specialist insurer Tokio Marine HCC has reached a definitive agreement to acquire the medical stop-loss operations of American International Group (AIG), through its wholly owned subsidiary HCC Life Insurance Company. 3 October 2017
Insurance
QBE has increased its 2017 large individual risk and catastrophe claims allowance in the wake of what it describes as a period of extreme global catastrophe experience. 3 October 2017
Insurance
Conifer Holdings has announced several strategic initiatives designed to strengthen the company's financial position and accelerate its goals of returning to profitability in the coming quarters. 3 October 2017
Insurance
Property/casualty insurer The Hartford said on Oct. 2 that it expects to report cat losses of between $325 million and $375 million, before tax, for the third quarter of 2017. 2 October 2017
Insurance
The Financial Stability Oversight Council (Council) said on Sept. 29 that it has rescinded its determination that material financial distress at American International Group (AIG) could pose a threat to US financial stability and that AIG shall be subject to supervision by the Board of Governors and enhanced prudential standards. 2 October 2017
Insurance
Bermuda-based specialist insurer Hiscox said on Oct. 2 that it estimates the combined net claims from Hurricane Harvey and Hurricane Irma at approximately $225 million. 2 October 2017
Insurance
CATCo Reinsurance Opportunities Fund said on Oct. 2 that the board and Markel CATCo Investment Management, the company's investment manager, are proposing to raise further funds via the Markel CATCo Diversified Fund. 2 October 2017
Insurance
As the frequency and severity of risks is increasing across the globe, the ripple effects of such events will be far-reaching in this highly interdependent world. 1 October 2017
Insurance
Specialist insurer Beazley said on Sept. 29 that it expects the aggregate net cost of the recent Atlantic hurricanes Harvey, Irma and Maria and the series of earthquakes in Mexico to cost the company between $175 million and $275 million. 29 September 2017
Insurance
The US National Flood Insurance Program (NFIP) is in need of a significant overhaul which should include an expanded coverage, updated flood maps and higher rates, according to experts speaking to Intelligent Insurer. 29 September 2017
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