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Insurance
Hong Kong’s mountainous coastline and strongly enforced building codes lessen wind vulnerability compared to other coastal areas in the South China Sea meaning damage from Hato, the strongest typhoon to hit China since 2012, could be limited, according to catastrophe modeling firm AIR Worldwide. 24 August 2017
Insurance
The Mw 6.0 earthquake which impacted Central Italy on 24 August 2016 will now cost the insurance industry €108 million, much higher than the €66 million originally suggested three months after the event, according to PERILS, the catastrophe insurance data firm. 24 August 2017
Insurance
If Hurricane Andrew were to recur today the expected total industry insured losses, based on today's exposures, would be approximately $56 billion in the US, catastrophe risk modelling firm AIR Worldwide said on Aug. 21. 21 August 2017
Insurance
Cyber insurance is increasingly becoming a growth driver for German commercial insurer HDI Global, according to CEO Christian Hinsch. 21 August 2017
Insurance
Lobby group Insurance Europe has responded to a European Commission call for evidence on the operation of collective redress arrangements in the European Union. 21 August 2017
Insurance
The Lloyd’s Market Association (LMA) said on Aug. 21 that it has established a political risk working group to examine implications of banking regulations. 21 August 2017
Insurance
Specialist reinsurance broker Capsicum Re said on Aug. 21 that it appointed Steven Rance to lead a new business division focussing on mortgage indemnity reinsurance. 21 August 2017
Insurance
London-based re/insurance legacy specialist Compre said on Aug. 21 that it has acquired a further legacy portfolio from major Norwegian insurer Gjensidige Forsikring ASA (Gjensidige). 21 August 2017
Insurance
Opportunities in the US mortgage business have provided reinsurers with some respite from deteriorating business conditions in traditional property casualty (P&C) reinsurance lines, but margins are tightening, according to an S&P Global Ratings report. 21 August 2017
Insurance
Indian initial public offerings (IPOs) are headed for a record year, as a rush of insurers seek to ride a rally in the local market and tap increasing investor demand for financial assets, according to an Aug. 20 Bloomberg report. 21 August 2017
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