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Global insurance M&A activity rises further in H1
Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2018 with 186 completed deals worldwide, up from 180 in the second half of 2017, according to Clyde & Co’s Insurance Growth Report mid-year update.   1 August 2018
Insurance
Insurtech startup FloodFlash raises £1.9m funding
London-based FloodFlash, a startup that wants to offer insurance for previously uninsurable flood risk, has raised £1.9 million in seed funding from LocalGlobe, Pentech Ventures and InsurTech Gateway.   1 August 2018
Alternative Risk Transfer
NFIP places $500m cat bond
The Federal Emergency Management Agency (FEMA) has secured $500 million in reinsurance for its National Flood Insurance Program (NFIP) through capital markets.   1 August 2018
Insurance
Prior year reserve releases boost Arch Q2 results
Favourable development in prior year loss reserves have given Bermuda-based Arch Capital Group’s earnings a boost in the second quarter of 2018.   1 August 2018
Insurance
Coverys hires chief information officer, chief technology officer
Lloyd’s managing agent of syndicates 1975, 1991, 3330 and 1110, Coverys Managing Agency, has appointed Robert Scott-Stewart as chief information officer and Peter Chambers as chief technology officer.   31 July 2018
Alternative Risk Transfer
Arcus Syndicate 1856 promotes Gfeller, Delaney
Arcus Syndicate 1856 (Arcus 1856) has promoted Adrian Gfeller to the position of managing director and Gary Delaney to the position of head of operations effective August 1.   31 July 2018
Insurance
SCOR benefits from below average nat cat losses in H1
Below average natural catastrophe losses at 2.3 percent of premium has helped SCOR to deliver an improved underwriting performance in the first half of 2018.   26 July 2018
Insurance
AXIS Q2 results boosted by Novae acquisition and reserves
AXIS Capital delivered a robust set of results in the second quarter with both profits and gross written premiums increasing as the company reaped the rewards of its integration of Novae, which it acquired in 2017, and positive reserve development.   26 July 2018
Insurance
Wins in reinsurance boosts growth at JLT but profits dip as it ‘transforms’
JLT Group enjoyed strong growth in its reinsurance segment in the first halve of 2018 but its profits were hit by the costs associated with its global transformation programme, which it claims will eventually benefit the business to the tune of £40 million a year.   26 July 2018
Insurance
2017 cat losses revealed ‘surprising’ differences in reinsurers’ exposures: S&P
The natural catastrophe losses of 2017 revealed some “surprising” disparities in reinsurers' exposures and their estimated return periods, according to a new report by S&P called ‘Are Global Reinsurers Ready For Another Year Of Active Natural Catastrophes?’   26 July 2018

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