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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
Insurance
Aon boosts investment arm with $475m Townsend acquisition
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 top three loss event for NFIP
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 benefits from simpler business model in H1
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 snaps up third party claims administrator in US
Charles Taylor Group has acquired Southern California third party claims administrator Metro Risk Management (MRM) from Nautilus International Holding Corporation.   4 September 2017

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