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Insurance
The National Flood Insurance Program (NFIP) run by FEMA could require emergency additional funding in the aftermath of flood losses in Texas as the high losses complicate its already perilous financial position. 29 August 2017
Insurance
AXIS Capital Holdings said on Aug. 24 that it raised its cash offer to acquire Novae Group to £477.6 million, or 715 pence in cash for each Novae share. 25 August 2017
Insurance
Data provider CoreLogic said on Aug. 24 that Hurricane Harvey could, based on a Category 3 prediction, put at risk of hurricane-driven storm surge damage 232,721 homes along the Texas coast with a reconstruction cost value of approximately $39.6 billion. 25 August 2017
Insurance
Specialist insurer Beazley said on Aug. 24 that it has launched a new excess policy for the US market that significantly expands the protection available to firms that fall victim of scams. 25 August 2017
Insurance
Tropical storm Harvey is slowly approaching Texas and could turn into a category 1 hurricane at landfall, data provider RMS said on Aug. 24. 24 August 2017
Insurance
Data analytics provider Verisk Analytics said on Aug. 24 that it has signed a definitive agreement to acquire risk insight provider LCI. 24 August 2017
Insurance
As the chief executive of what is arguably the most disruptive startup the insurance industry has ever seen, when Lemonade’s Daniel Schreiber talks, people listen. He details for Intelligent Insurer the company’s successes so far, its plans and why the company is really a tech company doing insurance. 24 August 2017
News
Reinsurance broker JLT Re has promoted Nick Dranchak to head of strategic advisory for the Americas. 24 August 2017
News
AXIS Re, part of AXIS Capital, has poached a professional liability reinsurance specialist from Swiss Re. 24 August 2017
Insurance
Brown & Riding, the US-based wholesaler and specialty insurance broker, has appointed a new chief operating officer. 23 August 2017
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