Tokio Marine estimates NA nat cat losses at $0.6bn

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).

The group maintains strict risk management, according to the statement, and the adjusted net assets for Tokio Marine Holdings for the fiscal year ended March 31, 2017, is around ¥3.8 trillion.

The company noted that it believes the reported nat cat losses will have a minor impact on the financial soundness of Tokio Marine Holdings.

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