Insurance news

• US storm losses could run to hundreds of millions

  30-12-2015 14:40
  Aon Benfield's Impact Forecasting has warned that insured
  losses from a storm system in the US over the Christmas holiday
  weekend could amount to hundreds of millions of dollars, with
  economic losses approaching $1bn.
  In its cat alert, the unit said that only a fraction of the
  flood damage in parts of the Plains and Midwest were expected to be
  covered by insurance, given the low number of National Flood
  Insurance Program policies in place in many of those states....
  
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• PwC revises UK storm loss estimate up to £1.2bn

  30-12-2015 14:40
  Global accountancy firm PwC has predicted that insured losses
  from UK storms Desmond and Eva will be between £900m and
  £1.2bn ($1.3bn-$1.8bn).
  This is slightly above its previous "very initial"
  insured loss estimate of £700mn-£1bn ($1.0bn-$1.5bn),
  released last week.
  Eva caused severe flooding in northern England over the
  Christmas weekend, hitting areas including York and Leeds. It came
  hard on the heels of Desmond, which impacted Cumbria, Lancashire
  and the Scottish Bor
  
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• Willis completes takeover of Gras Savoye

  30-12-2015 12:19
  Willis has received regulatory approval for its acquisition of
  French insurance broker Gras Savoye, it announced today (30
  December).
  Willis struck a deal to buy the 70 percent of Gras Savoye that
  it didn't already own for EUR550mn in April this year, which
  included the repayment of EUR40mn of outstanding third-party
  debt.
  The deal completed yesterday after Gras Savoye shareholders
  accepted the offer in late June.
  Willis said that Gras Savoye would keep its name and brand and
  that the...
  
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• Penny Black's Ghost of Christmas Keys

  30-12-2015 10:30
  
  Stephanie Denton Postonline Last year at Keycare alone, 25 claims were made on Christmas Day for lost keys. Penny wonders if the ghosts of Christmas Past, Present or Future were involved.
  
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