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Insurance
Broker Aon is to acquire US-based real estate and investment management firm Townsend Group, majority owned by Colony NorthStar, for $475 million. 4 September 2017
Insurance
Hurricane Harvey will be a top three loss event for the National Flood Insurance Program (NFIP), according to analysis by risk modelling firm RMS. 4 September 2017
Insurance
Randall & Quilter, the specialist non-life legacy insurance investor, posted a strong set of results for the first six months of 2017 as it benefitted from a robust pipeline of legacy business and the impact of simplifying the business, which has included some disposals. 4 September 2017
Insurance
Charles Taylor Group has acquired Southern California third party claims administrator Metro Risk Management (MRM) from Nautilus International Holding Corporation. 4 September 2017
Insurance
Re/insurer XL Catlin's global excess casualty insurance business has realigned its US Central region and announced the appointment of new regional underwriting managers. 4 September 2017
Insurance
Insurers are expected to weather losses stemming from Hurricane Harvey relatively well in part thanks to the better reinsurance deals many have secured during the soft market, according to AM Best. 1 September 2017
Insurance
The economy of the city of Houston, Texas could lose up to $60 billion of its gross domestic product output in the next year as result of the Hurricane Harvey floods, according to the Centre for Risk Studies at the Cambridge Judge Business School. 1 September 2017
Insurance
Total flood losses stemming from Hurricane Harvey could reach almost $40 billion but some 70 percent of these losses could be uninsured, according to CoreLogic, the property information and analytics provider. 1 September 2017
Insurance
Lloyd’s syndicates facing a $10 million lawsuit by US rapper Kanye West over a cancelled tour have countered his claims they believe are invalid. 31 August 2017
Insurance
Reinsurers providing the National Flood Insurance Program (NFIP) with flood reinsurance protection could suffer a total loss given the magnitude of Harvey flooding, Fitch said on Aug. 30. 31 August 2017
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