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Reinsurance
NA nat cat events to cost SCOR €430m
SCOR said on Oct. 9 that Hurricanes Harvey, Irma and Maria, as well as the Mexico earthquakes, will cost the company €430 million net of retrocession and tax for the third quarter of 2017.   9 October 2017
Insurance
Lloyd’s faces 2017 pre-tax loss due to nat cat events: Moody’s
Lloyd’s of London faces a pre-tax loss in 2017 due to the hurricanes that struck North America in the third quarter, according to Moody’s.   5 October 2017
Insurance
AM Best affirms OneBeacon ratings
AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating of A (Excellent) of Atlantic Specialty Insurance Company and its rated affiliates. Collectively, these companies are referred to as OneBeacon Insurance Group.   3 October 2017
News
Fixing the National Flood Insurance Program
As Congress mulls the fate of the National Flood Insurance Program post hurricanes Harvey and Irma, Intelligent Insurer examines the problems facing the programme and some potential solutions that could involve the private sector.   28 September 2017
Insurance
Soft market, Brexit and regulatory compliance rated top three challenges for London market
The top three challenges facing London market are the ongoing soft market conditions, Brexit and regulatory compliance, according to an International Underwriting Association survey.   28 September 2017
Insurance
Bermuda re/insurers have paid over $72.8bn to EU policyholders, survey shows
Re/insurers based in Bermuda have collectively paid out $72.8 billion to policyholder and cedants in the European Union over the past 20 years.   28 September 2017
Insurance
Global cyber premiums to increase six- to eightfold within ten years: Fitch
The global premiums volume for cyber insurance is set to increase six- to eightfold within a decade, according to a Fitch Ratings report.   28 September 2017
Insurance
Pen Underwriting strikes motor capacity deal with Zurich
London-based managing general agent (MGA) Pen Underwriting has entered into a new motor capacity deal with Zurich Insurance.   28 September 2017
Insurance
Marsh forms new broker network structure following Bluefin acquisition
Global insurance broking and risk management firm Marsh has created a new practice for broker networks within Jelf and Bluefin’s direct and partnership (D&P) division.   28 September 2017
Insurance
Lloyd's profits down 16.4 percent in H1 2017
Specialist insurance and reinsurance market Lloyd's reported pre-tax profits of £1.22bn for the first half of 2017, down from £1.46bn for the same period in 2016.   28 September 2017

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