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Florida governor signs AOB reform bill

The legislation follows several years of legislative efforts to pass assignment of benefits (AOB) reform into law.

Atlantic could see 4 major hurricanes in 2019: NOAA

The National Oceanic and Atmospheric Administration (NOAA) is predicting a "near-normal" Atlantic hurricane season, with two to four "major" hurricanes.

Tornado ravages Missouri capital

Almost 290 twisters have been recorded in the US in May following an unusually high number in April.

D&O segment improves on slight class-action decline: AM Best

Despite performance improvement, the segment still faces challenges, AM Best noted.

• Hutton seeks new VC InsurTech capital
• Mackenzie to leave Barbican for Canopius
• London loses $100mn Boeing cargo account
• Price Forbes wrests marquee energy account Pemex from Alesco
• Cogent appoints former LSM president Metcalf to board
• Florida tightness again in focus as cat bonds price up and shrink

Opinion

Silos have a bad name but those tearing down the walls should do so prudently

Middle-aged white guys weary of our D&I coverage are unlikely to take part in the Lloyd’s survey

Be nice to people on the way up, because you get to meet them all again on the way down

The money may no longer be easy but InsurTechs that can prove their worth still have funding opportunities

In Brief

Everest Re names Stone Point’s Hartzband to board

Liberty Mutual Re hires former Willis treaty chief for Mexico push

Berkshire names Roe head of NA casualty construction

Drone InsurTech Voom secures $5mn in Series A funding

Ariel Re appoints TMR’s O’Flynn for US casualty role

AI InsurTech Fractal launches UK MGA platform

Analysis

European reinsurer P&C profits dive in Q1

Jebi loss creep hits Munich Re, Swiss Re and Scor.

Everest and peers search for $1bn of retro as Florida prepares for endgame

Majority of Florida firm order terms hit the market, but many participants think capacity shortfalls are likely at current price levels.

Commercial P&C firmly a sellers' market – but the devil is in the details

Sister publication Inside P&C examines the first-quarter results from the US.

Barbican prepares to defy the Lloyd’s M&A funk with sale launch

TigerRisk has a mandate to run the process following its advisory work with Hamilton on the Pembroke acquisition.

Aon Reinsurance Solutions and MAP dominate US Property Cat Rankings

Nine broking houses made it to the ranking this year versus 54 underwriting firms.

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