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Insurance
S&P Global Ratings said on Oct. 12 that it revised the outlook for XLIT, formerly known as XL Group and now a subsidiary of it, to stable from positive. 13 October 2017
Insurance
Catastrophe losses from the recent US hurricanes and Mexican earthquakes will lead to price rises on London Market insurers' loss-affected lines and could also affect wider market pricing trends, Fitch Ratings said in an Oct. 12 statement. 13 October 2017
Insurance
Bermuda-based re/insurer AXIS Capital Holdings said on Oct. 12 that it expects the total net financial impact from third quarter 2017 catastrophe losses at $578 million. 13 October 2017
Insurance
European run-off insurance company DARAG has appointed Tullio Ferrucci as CEO of DARAG Italia. 13 October 2017
Insurance
Evacuation orders in California have widened with residents of Calistoga and Geyserville now under mandatory evacuation orders as multiple wildfires exacerbated by hot, dry, and windy conditions have spread across eight counties of California, according to an Oct. 12 report by catastrophe modelling firm AIR Worldwide. 13 October 2017
Insurance
Tokio Marine Holdings said on Oct. 13 that it expects pre-tax incurred losses (net of reinsurance) attributable to Hurricanes Harvey, Irma and Maria, and the earthquakes in Mexico, of approximately ¥65.0 billion ($580 million). 13 October 2017
Insurance
XL Group’s reported preliminary third-quarter catastrophe loss estimate of $1.48 billion alleviates recent investor concerns about an outsized loss from XL and any concerns about capital raise needs, according to an Oct. 11 Morgan Stanley analyst note. 13 October 2017
Alternative Risk Transfer
US risk retention group County Hall Insurance said on Oct. 13 that it renewed its reinsurance placement through Lloyd’s of London. 13 October 2017
Insurance
Argo Group International Holdings has appointed David Higley as head of US property and inland marine. 13 October 2017
Insurance
For insurers, the effect of the US healthcare executive order signed by president Donald Trump is likely to be limited, according to research provider CreditSights. 13 October 2017
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