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Insurance
BMS Re US taps Willis Re geographic leader
Specialist re/insurance broker BMS Re US has appointed Paul Knutson as executive vice president, based in the company’s Minneapolis office.   7 September 2017
Insurance
Hurricane Irma could cause industry loss above $100bn
Investors fear that a major hurricane hitting Miami area could lead to around $100 billion or higher industry losses, analysts wrote in a Sept. 6 Morgan Stanley research note.   7 September 2017
Insurance
Harvey flooding total property damage at up to $75bn
Property losses from the flooding in Texas caused by Hurricane Harvey’s record-breaking rainfall will reach between $65 billion and $75 billion, according to estimates by catastrophe modelling firm AIR Worldwide.   7 September 2017
Insurance
Markel to buy UK specialist insurer ECIC
Markel International is set to acquire UK-based specialist insurer for the contracting sector EC Insurance (ECIC).   7 September 2017
Insurance
Endeavour partners with Advent Claims to support Lloyd’s coverholders in Canada
Lloyd’s broker Endeavour Insurance Services entered a partnership arrangement with claims consultancy firm Advent Claims to support London Market coverholders operating in Canada.   7 September 2017
Insurance
Reinsurers 'far more exposed' to Hurricane Irma than primary insurers
Private reinsurers should be far more exposed to a Hurricane Irma loss event than the primary insurers, according to a Sept. 5 Credit Suisse equity research note.   6 September 2017
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

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