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Insurance
The US Congress has extended the deadline to renew or repeal its National Flood Insurance Program (NFIP). 9 September 2017
Insurance
Validus Holdings subsidiary Validus Specialty Underwriting has expanded the capacity of its Political Risk Insurance (“PRI”) binding authority from its New York office at renewal. 7 September 2017
Insurance
Insurance broker Marsh has made several chances to its global management structure, including new appointments to its executive management team and new divisions. 7 September 2017
Insurance
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
Bermuda-based reinsurance group Premia Holdings has appointed DARAG Germany CEO to lead its European operations. 7 September 2017
Insurance
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
European run-off insurance company DARAG has strengthened its core team with three senior appointments including Mike Trotman as chief financial officer (CFO), Alex Roth as head of M&A, and Jim Wilson as group chief transaction officer. 7 September 2017
Insurance
Markel International is set to acquire UK-based specialist insurer for the contracting sector EC Insurance (ECIC). 7 September 2017
Insurance
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
The UK’s Lord Chancellor David Lidington has proposed to change the setting of the personal injury Ogden discount rate to set by reference to “low risk” rather than “very low risk” investments as at present, better reflecting evidence of the actual investment habits of claimants. 7 September 2017
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