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Insurance
MS&AD reviews FY targets on potential $970m nat cat hit
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
US P&C insurance industry’s H1 net income drops 30% YOY
The private US property/casualty insurance industry saw its net income after taxes dropped 29.2 percent year on year to $15.5 billion in first-half 2017, according to data provider Verisk Analytics.   5 October 2017
Insurance
PartnerRe faces $475m nat cat loss in Q3
PartnerRe said on Oct. 5 that it expects combined catastrophe losses of approximately $475 million from its exposure to hurricanes Harvey, Irma and Maria for the third quarter of 2017.   5 October 2017
Insurance
Aviva acquires majority in ‘robo’ services provider
UK-based Aviva said on Oct. 5 that it agreed to acquire a majority shareholding in Wealthify Group, the parent company of 'robo' investment service provider Wealthify.   5 October 2017
Insurance
Lockton poaches Willis P&C co-head to lead global marine business
Insurance broker Lockton International has hired Alistair Rivers as global head of marine and transportation.   5 October 2017
Insurance
NFIP losses from Hurricane Harvey exceed $819m
The US National Flood Insurance Program (NFIP) has received more than 87,000 claims and incurred more than $819 million in losses as of September 26, according to data provider Verisk Analytics.   5 October 2017
Insurance
Marsh names head of Glasgow operations
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
CII appoints new professional standards director
The Chartered Insurance Institute (CII) has appointed Melissa Collett as its new professional standards director, leading its professional standards, ethics and conduct activity as a united profession.   5 October 2017
Insurance
Lloyd’s Council member Fleming resigns
Specialist re/insurance market Lloyd’s of London said on Oct. 5 that former Morgan Stanley executive Greg Fleming will be standing down from his position on the Lloyd’s Council as a nominated member due to work commitments.   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

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