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Insurance
Even with modern flood-control structures, the risk of flood damage remains high in Japan in the aftermath of Typhoon Noru, which made its first landfall in Yakushima, an island in Kagoshima Prefecture, Japan, as a Category 1-equivalent storm, before making a second landfall near Kainan City in Wakayama Prefecture, Japan, according to catastrophe modelling firm AIR Worldwide. 8 August 2017
Insurance
US property/casualty insurer Travelers has completed the acquisition of UK-based small and medium-sized enterprise (SME) insurance broker Simply Business. 7 August 2017
Insurance
Allianz Group and Liverpool Victoria Friendly Society (LV=) will launch a joint venture that will create the third biggest personal lines insurer in the UK thanks to a deal that values LV=’s general insurance at more than £1 billion. 4 August 2017
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired retail insurance broker GPL Assurance in Quebec to further expand and diversify its footprint in Canada. 4 August 2017
Insurance
Re/insurer XL Catlin has strengthened its North America aviation insurance team with key appointments in the US and Canada. 3 August 2017
Insurance
Specialist insurer Beazley has appointed Santiago Jaramillo as engineering focus group leader for the US and Latin America, based in Miami. 3 August 2017
Insurance
JLT Specialty USA, a subsidiary of Jardine Lloyd Thompson Group (JLT), has appointed Michael O’Brien as executive vice president, as part of its expansion plans in the US around key industries and product specialties. 3 August 2017
News
Bermuda-based RenaissanceRe (RenRe) has appointed Duncan Hennes and Valerie Rahmani to serve as independent directors. 3 August 2017
Insurance
Property casualty insurance provider The Travelers Companies said Aug. 2 that its board of directors elected CEO Alan Schnitzer as its next chairman, effective immediately. 2 August 2017
Insurance
Lloyd’s insurer Novae Group reported a loss in the first half of 2017 following the announcement that the business will be acquired by AXIS Capital Holdings. 2 August 2017
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