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Insurance
Property/casualty insurer Chubb said on Oct. 26 that it reported a net loss for the third quarter of $70 million after recording pre-tax catastrophe losses, net of reinsurance and including reinstatement premiums, of $1.89 billion in the quarter. 27 October 2017
Insurance
Bermuda-based Validus Holdings said on Oct. 26 that it reported a net loss attributable to shareholders of $250.4 million for the three months ended September 30, 2017. 27 October 2017
Insurance
Japan-based Toa Reinsurance Company (Toa Re) and Barbican Insurance Group said on Oct. 27 that they have received ‘in principle’ approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement (SPA 6132) to be backed exclusively by Toa Re. 27 October 2017
Insurance
Reinsurance Group of America (RGA) said on Oct. 26 that it reported third-quarter net income of $227.6 million, up from $198.7 million in the same period a year ago. 27 October 2017
Insurance
Broker Willis Towers Watson said on Oct. 26 that the European Commission (EC) in October 2017 initiated investigation proceedings in respect of a suspected infringement of EU competition rules involving several broking firms, including the company’s principal UK broking subsidiary and one of its parent entities. 27 October 2017
Insurance
Specialist insurer Beazley has expanded its international specialty lines team with the appointment of Estefania Taboada and Ana Misol as financial lines underwriters in Barcelona. 27 October 2017
Insurance
QBE Insurance has appointed Inder Singh, currently chief financial officer of its Australian and New Zealand Operations (ANZO), as interim ANZO CEO. 27 October 2017
Insurance
The Talanx Group which includes Hannover Re and HDI said on Oct. 27 that large losses in the first 9 months of 2017 have exceeded the full year budget and that it expects to report a loss in the third quarter. 27 October 2017
Insurance
Broker Jardine Lloyd Thompson Group (JLT) said on Oct. 26 that the European Commission (EC) has initiated an investigation into the aviation insurance sector following the UK Financial Conduct Authority’s (FCA’s) discontinuation of its investigation. 27 October 2017
Insurance
Insured losses from the Tubbs, Pocket, Nuns, Atlas, Redwood, and Sulphur fires in California will be between $2 billion and $3 billion, according to estimates by catastrophe modelling firm AIR Worldwide. 27 October 2017
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