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Insurance
Japan’s MS&AD, which houses Mitsui Sumitomo Insurance and MS Amlin among others, said on Oct. 6 that it is reviewing its consolidated earnings forecasts for the year ending March 31, 2018 as it expects nat cat losses in the range of $620 million and $970 million. 6 October 2017
Insurance
Hurricane Nate may reach the northern Gulf Coast over the weekend with hurricane intensity, the US National Hurricane Center said on Oct. 6. 6 October 2017
News
The current soft property/casualty (P&C) reinsurance market is unlikely to harden in 2018 despite recent nat cat events, according to research firm CreditSights analysts. 6 October 2017
Insurance
Broker Willis Re said on Oct. 6 that it is developing an online placement platform with broker and risk/capital management advisor TigerRisk Partners. 6 October 2017
News
Brazilian reinsurer Austral Re has announced its plan to expand in the Latin American region as its seeks to further build its overseas business. 6 October 2017
Insurance
Property/casualty insurer Chubb has made several new leadership appointments in its North America major accounts division and field organisations. 6 October 2017
Insurance
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
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
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
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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