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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
Former Novae CFO joins AIG unit as head of reinsurance
American International Group (AIG) has appointed Charles Fry as head of reinsurance, operations and transformation, general insurance.   3 October 2017
Insurance
Management shake-up follows CETA ownership change
Following a management buyout backed by Kester Capital, niche insurance distributor CETA Insurance is facing a management shake-up.   2 October 2017
Insurance
Insurers are struggling under the regulatory landscape: CoVi Analytics
Insurers are struggling under the weight of the ever-evolving regulatory landscape, according to Karen Sinden, head of business development at insurtech startup CoVi Analytics.   2 October 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
Insurance
Automation to improve insurers’ earnings by 37%, reduce staff numbers significantly
Robotic Process Automation is expected to improve insurers’ earnings by about 37 percent with staff numbers falling 20 percent in back office functions, according to a base case scenario by Royal Bank of Canada (RBC).   29 September 2017

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