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Insurance
Bermuda’s re/insurers are expected to fund a quarter or more of approximately $100 billion in aggregate insured losses from the recent nat cat events, according to preliminary estimates from the Association of Bermuda Insurers & Reinsurers (ABIR). 11 October 2017
Insurance
Bermuda-based Validus Holdings said on Oct. 9 that it expects to record losses from third quarter natural catastrophes in the amount of $378.9 million. 10 October 2017
News
PartnerRe said that it expects a pre-tax loss of $60 million to $90 million in the third quarter of 2017 driven by nat cat events, according to an Oct. 5 EXOR analyst and investor presentation. 9 October 2017
Insurance
Lancashire Holdings said on Oct. 9 that it expects aggregate losses from recent nat cat events in a range of $106 million to $212 million after anticipated recoveries from its outwards reinsurance programme and the impact of outwards and inwards reinstatement premiums. 9 October 2017
Insurance
Lloyd’s underwriting syndicate Probitas 1492 said on Oct. 9 that it completed a transaction with Saudi Re which removes all of Istmo Re group’s interest in Probitas. 9 October 2017
Insurance
Bermuda-based Argo Group International Holdings has appointed Steve Eccles as the chief underwriting officer (CUO) for its international business. 6 October 2017
Insurance
PartnerRe said on Oct. 5 that it expects combined catastrophe losses of approximately $475 million from its exposure to hurricanes Harvey, Irma and Maria for the third quarter of 2017. 5 October 2017
Insurance
Bermuda-based RenaissanceRe Holdings said on Oct. 4 that it anticipates an initial estimated net negative impact of $625 million from Hurricanes Harvey, Irma and Maria and the Mexico City Earthquake. 5 October 2017
Insurance
Third Point Reinsurance CEO said on Oct. 4 that the company experienced only “modest” losses from natural catastrophes in North America as its strategy paid off. 5 October 2017
Insurance
Non-life insurance and investment specialist Randall & Quilter Investment Holdings said on Oct. 5 that it is raising approximately £49.3 million to finance its growth plan. 5 October 2017
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