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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
Insurance
A broadly diversified reinsurance panel, in conjunction with the continuity and longevity of their reinsurer relationships, are the most relevant considerations in pursuit of their risk protection strategies, according to a survey including European insurers and brokers. 7 September 2017
Insurance
Barbican’s David Reeves is one of the few high-profile CEOs in the London Market to openly admit he welcomes the UK’s vote to leave the EU. 7 September 2017
Insurance
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
Reinsurance, wholesale and specialty broker Ed has been granted a commercial insurance intermediary license by the Guernsey Financial Services Commission. 6 September 2017
Insurance
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
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