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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
GIC Re to raise up to $1.7bn in IPO as it seeks international expansion
State-owned General Insurance Corp of India’s (GIC Re) is expected to raise 113.7 billion rupees ($1.7 billion) in an initial public offering to run from Oct. 11. and Oct. 13, 2017 as it plans to grow internationally.   5 October 2017
Insurance
Lloyd’s Council member Fleming resigns
Specialist re/insurance market Lloyd’s of London said on Oct. 5 that former Morgan Stanley executive Greg Fleming will be standing down from his position on the Lloyd’s Council as a nominated member due to work commitments.   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
Insurance
WR Berkley NA nat cat loss expected below $110m
Commercial re/insurer WR Berkley Corporation said on Oct. 4 that it expects catastrophe losses attributable to Hurricanes Harvey, Irma and Maria and the earthquakes in Mexico to be less than $110 million, before tax, or $72 million, after tax.   5 October 2017
Insurance
Third Point Re CEO praises strategy avoiding nat cat losses
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
Randall & Quilter raises £50m to fund growth
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
Insurance
US nat cat prices to increase 10% due to above average losses in 2017
Bernstein analysts expect US nat cat prices to increase by an average of 10 percent and US commercial property to go up by on average 5 percent as a result of insured losses caused by Hurricane Irma, Harvey and Maria.   4 October 2017
Insurance
AmTrust expects up to $65 million cat losses in Q3
Specialty property/casualty insurer AmTrust Financial Services said on Oct. 3 that it expects net losses for the third quarter of 2017 from natural catastrophes of between $40 million and $65 million.   4 October 2017

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