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Insurance
Insurtech PremFina raises $36m
UK insurtech firm PremFina said on Oct. 4 that it raised $36 million in equity funding and a debt facility.   4 October 2017
Insurance
Q3 insured losses could be costliest in history
Insured catastrophe losses in the third quarter of 2017 could exceed $100 billion and become the costliest in history, according to an Oct. 3 Morgan Stanley research note.   4 October 2017
Insurance
US nat cat prices to increase 10% due to above average losses in 2017
Bernstein analysts expect US nat cat prices to increase by an average of 10 percent and US commercial property to go up by on average 5 percent as a result of insured losses caused by Hurricane Irma, Harvey and Maria.   4 October 2017
Insurance
AmTrust expects up to $65 million cat losses in Q3
Specialty property/casualty insurer AmTrust Financial Services said on Oct. 3 that it expects net losses for the third quarter of 2017 from natural catastrophes of between $40 million and $65 million.   4 October 2017
Insurance
XL Catlin hires ocean marine insurance experts from CNA and Allianz
Re/insurer XL Catlin has expanded its marine team with the addition of Stephen Clark as vice president, national hull and liabilities practice leader in Chicago, and Alison Rizzi as senior ocean marine underwriter in New York.   4 October 2017
Insurance
American Financial Group expects $105m nat cat losses
Property/casualty insurer American Financial Group (AFG) said on Oct. 3 that it expects losses from natural catastrophes of approximately $105 million pretax and net of AFG’s reinsurance coverage for the third quarter.   4 October 2017
Insurance
Chubb reshuffles management in global life and general insurance operations
Insurer Chubb has announced several management appointments for its general and life insurance operations.   4 October 2017
Insurance
Willis Towers Watson bolsters NA broking business with new roles
Willis Towers Watson has made a series of senior appointments to newly-created roles in its North America corporate risk and broking (CRB) business.   4 October 2017
Insurance
Beazley expects $150m earnings hit from nat cat losses in 2017
Specialist insurer Beazley said on Sept. 29 that it expects the aggregate net cost of the recent Atlantic hurricanes Harvey, Irma and Maria and the series of earthquakes in Mexico to cost the company between $175 million and $275 million.   29 September 2017
Insurance
NFIP overhaul needs to include new risk maps, increased coverage and higher rates
The US National Flood Insurance Program (NFIP) is in need of a significant overhaul which should include an expanded coverage, updated flood maps and higher rates, according to experts speaking to Intelligent Insurer.   29 September 2017

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