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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
Global insurance broking and risk management firm Marsh has appointed Maureen Robertson as head of its Glasgow office, and Martin McKenna as regional sales leader, Scotland. 5 October 2017
Insurance
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 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
Reinsurance broker Guy Carpenter & Company has appointed Claude Yoder as managing director and global chief innovation and product development officer. 4 October 2017
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