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Insurance
Economic losses caused by wind, storm surge, and inland flood from Hurricane Harvey could be as high as U.S. $70-90 billion, according to data provider RMS. 31 August 2017
Insurance
Broker Aon is suing rival Willis Towers Watson (WTW) over its hiring of Michael Burwell as the new chief financial officer (CFO) because Burwell advised Aon on its restructuring plans as a partner of PwC. 27 September 2017
Insurance
Financial services company Fairfax Financial, through its wholly-owned subsidiary The Pacific Insurance Berhad, has acquired Malaysian insurer MCIS. 2 December 2014
News
New solvency regulations coming into force in many Latin American countries will drive appetite for reinsurance, but the challenges of soft rates, slow GDP growth and economic volatility remain, Ingrid Carlou, chief executive of Patria Re, told Monte Carlo Today. 13 September 2015
Insurance
Rating agency AM Best has a negative outlook on the UK’s non-life market as the negative impact from the challenges the UK sector is facing is likely to last. 21 March 2018
Insurance
John Cox, the founding chairman and first employee of ACE Limited, deceased at the age of 84, Chubb said in a statement. 3 February 2017
Insurance
Hyperion Insurance Group enjoyed solid growth an increased profits in its annual results for the 12-month period ending September 2017, which it said was due to investment in people, operations and technology, and despite challenging market conditions. 11 January 2018
Insurance
American International Group (AIG) has announced that Donna DeMaio will rejoin the company as executive vice president and chief auditor with effect from April 17. 29 March 2017
Insurance
Swiss Re enjoyed strong growth in the first quarter driven by its L&H Re and in Life Capital units but its profits were effected by a change in US GAAP accounting covering guidance on recognition and measurement of equity investments, which meant it took a $280 million hit to its net profit. 4 May 2018
Insurance
Gabi, which provides a free, online "personal insurance shopper," has raised $9.5 million in Series A funding, led by Canvas Ventures, to accelerate its nationwide expansion in the US in 2018. 22 February 2018
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