MS Amlin has recorded ¥87.4 billion ($780 million) in nat cat losses including hurricanes Harvey, Irma and Maria as well as earthquakes in Mexico.
The consolidated net income for the second quarter (July-September) of its financial year ending March 2018 shrank to ¥75.7 billion from ¥98.4 billion in the same period a year ago.
The company now forecasts a net income of ¥145.00 billion for the financial year ending March 2018, 31.1 percent below the results recorded in the previous year.
Don't miss the latest industry news - Sign up to our free email newsletters
UK motor insurance market faces ‘strong’ profit boost in 2018
Lloyd’s trials live data for vessel insurance
Insurtech Zego secures £6m to insure gig economy
Hurricanes flatten Sompo results
Skuld key executive steps down
Mapfre Re boosts Asia presence with new Tokyo office
RFIB holding reveals new chief financial officer
Don't miss our insurtech email newsletter - sign up today
Newton Media Ltd
21-23 Elmfield Road