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Insurance
More reinsurers and insurers have released details of their third quarter catastrophe losses, reflecting the extent to which they were exposed to losses stemming from the recent hurricanes to make landfall in the US. 15 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
Markel Corporation said on Oct. 11 that it expects to report third quarter pre-tax underwriting losses of $503 million, net of reinstatement premiums, from Hurricanes Harvey, Irma and Maria as well as the Mexico City earthquakes. 12 October 2017
Insurance
Risk Cooperative, a US-based specialist insurance and risk advisory firm, has received approval to operate as a coverholder at Lloyd’s for cyber insurance. 12 October 2017
Insurance
Advent Claims, a division of Advent Insurance Management, has entered into a partnership agreement with pan-European claims specialist Van Ameyde to provide support after Brexit. 11 October 2017
Insurance
The new UK insurance group Ardonagh has announced its intention to acquire UK motorcycle broker Carole Nash Insurance Consultants and SME broker Mastercover. 11 October 2017
Insurance
US-based property/casualty insurer The Hanover Insurance Group has appointed John Roche as president and CEO. 11 October 2017
Insurance
Universal Insurance Holdings said on Oct. 10 that the bulk of the expected losses from Hurricane Irma will be picked up by reinsurance while noted that it is protected from a potential market hardening. 11 October 2017
News
Mutual Reinsurance Bureau (MRB) has appointed John Meyers III as its next president and chief executive officer. 11 October 2017
Insurance
The hedge fund reinsurance model has had plenty of critics but Greenlight Re is still going, still growing and proving them wrong, as Brendan Barry, chief underwriting officer, of Greenlight Re, tells Intelligent Insurer. 10 October 2017
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