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Insurance
Navigators expects up to $70m pre-tax nat cat loss
Specialty insurer Navigators Group said on Oct. 5 that its estimated financial impact from natural catastrophes in the third quarter ranges from $50 million to $70 million before taxes.   6 October 2017
Insurance
MS&AD reviews FY targets on potential $970m nat cat hit
Japan’s MS&AD, which houses Mitsui Sumitomo Insurance and MS Amlin among others, said on Oct. 6 that it is reviewing its consolidated earnings forecasts for the year ending March 31, 2018 as it expects nat cat losses in the range of $620 million and $970 million.   6 October 2017
Insurance
Hurricane Nate threatens Central America
Hurricane Nate may reach the northern Gulf Coast over the weekend with hurricane intensity, the US National Hurricane Center said on Oct. 6.   6 October 2017
Insurance
Chubb makes new leadership appointments in NA major accounts
Property/casualty insurer Chubb has made several new leadership appointments in its North America major accounts division and field organisations.   6 October 2017
Insurance
US P&C insurance industry’s H1 net income drops 30% YOY
The private US property/casualty insurance industry saw its net income after taxes dropped 29.2 percent year on year to $15.5 billion in first-half 2017, according to data provider Verisk Analytics.   5 October 2017
Insurance
PartnerRe faces $475m nat cat loss in Q3
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
NFIP losses from Hurricane Harvey exceed $819m
The US National Flood Insurance Program (NFIP) has received more than 87,000 claims and incurred more than $819 million in losses as of September 26, according to data provider Verisk Analytics.   5 October 2017
Insurance
Lloyd’s faces 2017 pre-tax loss due to nat cat events: Moody’s
Lloyd’s of London faces a pre-tax loss in 2017 due to the hurricanes that struck North America in the third quarter, according to Moody’s.   5 October 2017
Insurance
RenaissanceRe faces $625m nat cat hit in Q3
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
Allianz teams up with Silicon Valley firm in cyber protection
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has teamed up with Silicon Valley-based software company Zeguro.   5 October 2017

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