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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
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
Zurich sees max $20m H2 hit to Farmers Re from catastrophes
Zurich Insurance Group said that Farmers Re faced a hit of no more than $20 million in the second half from catastrophes such as Hurricanes Irma and Harvey.   4 October 2017
Insurance
Willis launches DACH fac reinsurance hub with Mapfre hires
Willis Towers Watson has launched a new hub to focus on facultative reinsurance business across the DACH region of Germany, Austria, and Switzerland.   4 October 2017
Insurance
Guy Carpenter taps Marsh exec to lead global innovation
Reinsurance broker Guy Carpenter & Company has appointed Claude Yoder as managing director and global chief innovation and product development officer.   4 October 2017
Insurance
Insurtech PremFina raises $36m
UK insurtech firm PremFina said on Oct. 4 that it raised $36 million in equity funding and a debt facility.   4 October 2017
Insurance
Q3 insured losses could be costliest in history
Insured catastrophe losses in the third quarter of 2017 could exceed $100 billion and become the costliest in history, according to an Oct. 3 Morgan Stanley research note.   4 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
Insurance
XL Catlin hires ocean marine insurance experts from CNA and Allianz
Re/insurer XL Catlin has expanded its marine team with the addition of Stephen Clark as vice president, national hull and liabilities practice leader in Chicago, and Alison Rizzi as senior ocean marine underwriter in New York.   4 October 2017

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