Insurance news

• Standard Life Aberdeen hit by $10bn of withdrawals

  28-10-2017 06:00
  UK group becomes world’s worst-selling fund house following merger
  
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• RMS ups wine country wildfire estimate to $6bn-8bn

  28-10-2017 00:25
  RMS has upped its range of estimated economic losses for a
  series of devastating wildfires that hit California earlier this
  month from $3bn-$6bn to $6bn-$8bn.
  Insured losses are likely to come in at similar levels to the
  economic loss range because of high penetration rates of wildfire
  coverage in standard homeowners and commercial policies, the
  modelling firm reiterated.
  RMS said it had updated its loss estimates after visiting the
  areas affected by the wildfires, with a primary focus on the...
  
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• R&Q's Accredited seals program deal with Atlas General

  28-10-2017 00:25
  R&Q's US admitted carrier Accredited is set to front for
  a book of artisan contractors business across five western states
  written by Atlas General Insurance Services, The
  Insurance Insider can reveal.
  It is understood that both the insurer and the managing general
  agent are hoping to grow the book to around $25mn in premiums.
  Accredited is acting as the fronting carrier for the business,
  which will then be 100 percent reinsured by an unnamed AM Best A-
  rated reinsurer.
  The...
  
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