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Economic losses from the wildfires impacting Sonoma, Napa, Solano, Lake, and Mendocino counties are estimated at between $6 billion and $8 billion, according to catastrophe risk modelling firm RMS. 30 October 2017
Insurance
Global mergers and acquisitions’ activity has been “well below average levels recorded in the 2000s-era” in terms of both deal value and deal count, CreditSights analysts said in an Oct. 29 research note. 30 October 2017
Insurance
Florida-based P&C insurer Accredited Surety and Casualty Company (ASC), a subsidiary of Randall & Quilter (“R&Q”), said on Oct. 30 that it has partnered with Atlas General Insurance Services (“Atlas”). 30 October 2017
Insurance
Net income attributable to Aon shareholders was $185 million in the third quarter of 2017 compared to $319 million in the same period a year ago as operating income falls and restructuring costs bite. 27 October 2017
Insurance
Property/casualty insurer Chubb said on Oct. 26 that it reported a net loss for the third quarter of $70 million after recording pre-tax catastrophe losses, net of reinsurance and including reinstatement premiums, of $1.89 billion in the quarter. 27 October 2017
Insurance
Reinsurance Group of America (RGA) said on Oct. 26 that it reported third-quarter net income of $227.6 million, up from $198.7 million in the same period a year ago. 27 October 2017
Insurance
Insured losses from the Tubbs, Pocket, Nuns, Atlas, Redwood, and Sulphur fires in California will be between $2 billion and $3 billion, according to estimates by catastrophe modelling firm AIR Worldwide. 27 October 2017
Insurance
Specialty insurer Markel said in its third-quarter 2017 results report that after the end of the reported period northern California sustained losses from several wildfires, which the company estimates to result in net incurred losses of between $40 million and $80 million before income taxes. 27 October 2017
Insurance
Munich Re is expecting a third-quarter loss of €1.4 billion owing to exceptional major-loss expenditure while projecting a small profit for the full year 2017. 26 October 2017
Insurance
Specialty insurer Markel has reported on Oct. 25 that it made a net loss of $259.1 million in the third quarter of 2017 attributable to shareholders. 26 October 2017
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