The Federal Emergency Management Agency (Fema) has announced it would submit a claim to recover the whole of the $1.042bn of reinsurance coverage for the National Flood Insurance Program, following losses from Hurricane Harvey alone.
Former director of performance management at Lloyd's Tom Bolt has been signed up by AIG as chief underwriting officer for its general insurance division.
Schroders has decreased its share in Markel Catco's Reinsurance Opportunities Fund from 9.3 to 4.1 percent, according to a London Stock Exchange announcement.
