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Insurance
Re/insurance broker Aon has launched a flood coverage for organisations impacted by Hurricane Harvey, which made landfall on the Texas Gulf coast causing massive flooding in the region. 30 August 2017
Insurance
Re/insurer XL Catlin has expanded its US Southeast regional broker and client management unit by hiring Arden Young as its new client distribution leader. 30 August 2017
Insurance
Bermuda-based Partner Re has changed its strategy after its acquisition by Italian investment company EXOR, repositioning the reinsurer and refocussing its brand and offering, CEO Emmanuel Clarke told Intelligent Insurer. 30 August 2017
Insurance
Emmanuel Clarke, chief executive officer of PartnerRe, explains to Intelligent Insurer how he is building on the stability achieved through private ownership by Exor to create secure, long-term partnerships with cedants. 29 August 2017
Insurance
Bermuda-based AXIS Capital Holdings said on Aug. 29 that Novae Group shareholders approved the terms of the acquisition offer which will form a global specialty re/insurer with gross written premiums in excess of $6 billion. 29 August 2017
Insurance
Primary insurers will face the largest effect from Harvey, with regionally focused carriers most vulnerable given their geographic concentrations, Moody’s said in an Aug. 28 research note. 29 August 2017
Insurance
Shares in insurers and reinsurers with a high market share in Texas have been hit in the aftermath of Hurricane Harvey and the subsequent flooding in the region though analysts have also noted that re/insurers’ share prices can recover strongly in the three to six months after an event. 29 August 2017
Insurance
While several catastrophe bonds have exposure to areas affected by Hurricane Harvey, it is unlikely any bonds will be triggered by losses resulting from the hurricane, according to S&P Global Ratings. 29 August 2017
Insurance
Losses resulting from Hurricane Harvey and the subsequent flooding following the event could help stabilize re/insurance rates but will unlikely be enough to trigger increases. 29 August 2017
Insurance
Loss estimates from Hurricane Harvey continue to vary widely as analysts and risk modelling agencies attempt to assess the impact from the storm and ongoing flooding in the state of Texas. Estimates range from $20 billion at the upper end to the low billions though these exclude flood losses. 29 August 2017
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