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Insurance
Everest taps AIG excess casualty leader
Everest Insurance has appointed Debbie Weiser as the new leader of excess casualty within Everest Specialty Casualty.   6 September 2017
Insurance
Beazley picks Aon exec for regional leadership role in US
Specialist insurer Beazley has appointed Andrew Mehrhoff as head of broker relations for its north central region in the US.   6 September 2017
Insurance
Hurricane Irma’s insured damage could match Katrina, halt P&C rate declines
Irma’s insured damage in Florida could be the largest ever in the US, perhaps equivalent to Hurricane Katrina in 2005 which recorded $50 billion on an inflation-adjusted basis, Barclays analyst Jay Gelb said in a Sept. 5 equity research analyst note.   6 September 2017
Insurance
AIG appoints new general counsel following retirement
American International Group (AIG) has appointed Lucy Fato as executive vice president and general counsel, responsible for overseeing the company's global legal, compliance, regulatory and government affairs function.   6 September 2017
Insurance
AmTrust buys reinsurance cover
New York-based AmTrust Financial Services said on Sept. 5 that it entered into a quota share reinsurance contract to reduce exposure to catastrophe and non-catastrophe events related to the business of its subsidiary Republic Companies effective August 1, 2017.   6 September 2017
Insurance
Maiden Re invests in drone insurtech start-up
Maiden Re has participated in the latest fundraising round of Betterview, a software platform and service provider for capturing and analysing data from drones.   5 September 2017
Insurance
Surplus lines carriers post underwriting loss for a second straight year in US
The US domestic professional surplus lines (DPSL) insurers posted a combined ratio of 107.8 percent in 2016, its highest in 10 years excluding 2012 which was impacted by Superstorm Sandy, AM Best said in a Sept. 5 report.   5 September 2017
Insurance
Hurricane Irma may hit the US
Currently a category 3 hurricane, Irma is increasingly likely to make landfall in the US, according to research by broker JLT Re.   4 September 2017
News
Reinsurance sector profitability to decline in 2017
The profitability of the reinsurance industry is set to fall in 2017 due to low prices and Hurricane Harvey, Moody’s said in a Sept. 4 report.   4 September 2017
Insurance
NFIP receives more than 67,000 claims for Harvey
The National Flood Insurance Program (NFIP) has received more than 67,000 claims related to Hurricane Harvey as of Sept. 3, 2017.   4 September 2017

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