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Insurance
Representative bodies including the Property Casualty Insurers Association of America (PCI) have welcomed a vote by the House of Representatives that will reauthorize the National Flood Insurance Program (NFIP) with some amends. 15 November 2017
Insurance
The chief executive of Zurich Insurance Group will tell investors in the insurer that he expects the recent series of natural catastrophes to lead to an improving price trend in commercial insurance. 15 November 2017
Insurance
Ascot has revised its 2018 business plan to anticipate an increase in gross written premium of 23 percent against its original 2018 Plan – because of expected rate increases following heavy cat losses in the third quarter of this year. 15 November 2017
Insurance
Property/casualty insurance technology provider Xceedance has made a multi-million dollar Series A equity investment in London-based blockchain specialist ChainThat. 15 November 2017
Insurance
Liberty Specialty Markets (LSM), a part of Liberty Mutual Insurance, has launched a new project finance insurance offering as part of its global financial risks (GFR) product range. 15 November 2017
Insurance
Italian insurers' regulatory capital positions remained strong through their transition to Solvency II (S2) in 2016, although S2 coverage ratios are exposed to volatility in sovereign bond markets, according to Fitch Ratings in its latest report on the Italian insurance market's transition to Solvency II. 15 November 2017
Insurance
Charles Taylor InsureTech has launched what it has described as the world’s first cloud-based life, health and protection core insurance platform, which will allow insurers to scale-up new products in a matter of weeks. 15 November 2017
Insurance
Sompo Canopius has launched a new drilling well sidetrack (DWST) product designed to provide coverage for a range of potentially expensive critical well scenarios not covered under standard well control policies. 15 November 2017
Insurance
Specialty property/casualty insurer AmTrust Financial Services is further divesting assets to strengthen its capital position while reporting a loss for the third quarter. 9 November 2017
Insurance
Munich Re incurred a net loss of €1.4 billion in the third quarter of 2017 due to the impact of natural catastrophes in North America but expects “significant” market recovery. 9 November 2017
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