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Insurance
Harvey likely to be costliest natural disaster for US economy
With total economic losses estimated to reach tens of billions of dollars at the minimum, Harvey is likely to become one of the costliest natural disasters on record, according to Aon Benfield’s catastrophe model development team Impact Forecasting.   9 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
Ed obtains Guernsey license; hires Willis Towers Watson exec director
Reinsurance, wholesale and specialty broker Ed has been granted a commercial insurance intermediary license by the Guernsey Financial Services Commission.   6 September 2017
Insurance
Munich Re partners with insurtech Drover
Digital Partner, a unit of Munich Re, has entered into a partnership with insurtech company Drover to launch a tailor-made product for ride-sharing drivers and fleet owners.   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
SCOR creates ‘scoring grid’ to make better judgements on environmental factors
To encourage what it calls sustainable underwriting, French reinsurer SCOR has created a so-called scoring grid to help insurance and facultative underwriters assess environmental, social, and governance (ESG) practices in sensitive sectors and lines of business.   6 September 2017
Insurance
BMS launches Iberian operations under ex-Marsh execs in post-Brexit move
Specialist re/insurance broker BMS Group has launched a new European venture, BMS Iberia, under former Marsh Spain and Aon executives.   6 September 2017
Insurance
Chaucer Dublin sets up new London branch
The Dublin-based subsidiary of Chaucer, an insurance group underwriting at Lloyd's, is to establish a branch in London to write a range of international specialty insurance and reinsurance business.   5 September 2017
News
Reinsurers’ returns just 1.2% above their cost of capital
In the first half of 2017, the reinsurance sector generated returns only 1.2 percent above its cost of capital, according to a new report by S&P Global Ratings.   5 September 2017

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