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Insurance
Evacuation orders in California have widened with residents of Calistoga and Geyserville now under mandatory evacuation orders as multiple wildfires exacerbated by hot, dry, and windy conditions have spread across eight counties of California, according to an Oct. 12 report by catastrophe modelling firm AIR Worldwide. 13 October 2017
Insurance
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). 13 October 2017
Insurance
XL Group’s reported preliminary third-quarter catastrophe loss estimate of $1.48 billion alleviates recent investor concerns about an outsized loss from XL and any concerns about capital raise needs, according to an Oct. 11 Morgan Stanley analyst note. 13 October 2017
Alternative Risk Transfer
US risk retention group County Hall Insurance said on Oct. 13 that it renewed its reinsurance placement through Lloyd’s of London. 13 October 2017
Insurance
Argo Group International Holdings has appointed David Higley as head of US property and inland marine. 13 October 2017
Insurance
For insurers, the effect of the US healthcare executive order signed by president Donald Trump is likely to be limited, according to research provider CreditSights. 13 October 2017
Insurance
Bermuda-based Arch Capital Group said on Oct. 12 that it expects after-tax costs of $285 million to $345 million from natural catastrophes occurred in the third quarter of 2017. 13 October 2017
Insurance
A new disaster aid package includes a provision to forgive $16 billion in debt held by the National Flood Insurance Program (NFIP), but lobby group SmarterSafer warns that the bill fails to incorporate critical reforms that put the programme on a sustainable path. 13 October 2017
Insurance
RSA group-owned Oak Underwriting said on Oct. 13 that it has extended its high-net-worth (HNW) offering to include home cyber cover for the first time. 13 October 2017
Insurance
S&P Global Ratings said on Oct. 12 that it revised its outlook for Lloyd's to negative from stable. 12 October 2017
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