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Insurance
US P/C market rocked but resilient after storms, claims S&P
S&P Global Ratings has announced that it expects US property/casualty (P/C) insurers’ credit to be resilient in the face of hurricanes Harvey, Irma and Maria (HIM) in its latest rating report.   16 October 2017
Insurance
Lack of new equity cash and trapped capital could mean bigger rate rises
Rates in property-catastrophe reinsurance are likely to increase more than many believe in the aftermath of big hurricane losses because of the low level of equity raising and the debut of trapped capital as a major issue.   15 October 2017
Insurance
ILS market experiences quiet Q3 2017, claims PCS
The ILS market has undergone a quiet third quarter of this year, according to a new report from Verisk subsidiary Property Claim Services (PCS).   15 October 2017
Insurance
Re/insurers reveal the pain of Q3 storms
More reinsurers and insurers have released details of their third quarter catastrophe losses, reflecting the extent to which they were exposed to losses stemming from the recent hurricanes to make landfall in the US.   15 October 2017
Insurance
Everest Re faces $1.2bn in Q3 nat cat losses
Bermuda-based Everest Re said on Oct. 12 that it expects to incur pre-tax catastrophe losses, net of reinsurance and reinstatement premiums of $1.2 billion in the third quarter.   13 October 2017
Insurance
XL parent XLIT outlook downgraded by S&P
S&P Global Ratings said on Oct. 12 that it revised the outlook for XLIT, formerly known as XL Group and now a subsidiary of it, to stable from positive.   13 October 2017
Insurance
Q3 cat losses to lead to price rises for London Market insurers
Catastrophe losses from the recent US hurricanes and Mexican earthquakes will lead to price rises on London Market insurers' loss-affected lines and could also affect wider market pricing trends, Fitch Ratings said in an Oct. 12 statement.   13 October 2017
Insurance
AXIS estimates Q3 nat cat hit at $0.6bn
Bermuda-based re/insurer AXIS Capital Holdings said on Oct. 12 that it expects the total net financial impact from third quarter 2017 catastrophe losses at $578 million.   13 October 2017
Insurance
DARAG appoints Italian CEO to expand core market
European run-off insurance company DARAG has appointed Tullio Ferrucci as CEO of DARAG Italia.   13 October 2017
Insurance
Evacuation orders expand in California wildfires: AIR
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

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