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Insurance
Bermuda-based XL Group said on Oct. 11 that it expects net losses of approximately $1.33 billion relating to Hurricanes Harvey, Irma and Maria, with total catastrophe losses including smaller loss events at approximately $1.48 billion in the third quarter. 12 October 2017
Insurance
Bermuda-based Arch Capital Group has made a number of senior management changes in its Worldwide Reinsurance Group. 12 October 2017
Insurance
Markel Corporation said on Oct. 11 that it expects to report third quarter pre-tax underwriting losses of $503 million, net of reinstatement premiums, from Hurricanes Harvey, Irma and Maria as well as the Mexico City earthquakes. 12 October 2017
News
Everest Reinsurance (Bermuda) has appointed new senior underwriters, Luke Armitage and Emma Gairdner, in its London team. 12 October 2017
Insurance
Risk Cooperative, a US-based specialist insurance and risk advisory firm, has received approval to operate as a coverholder at Lloyd’s for cyber insurance. 12 October 2017
Insurance
Barbican Insurance Group has appointed David Booth and Andy Caldwell to senior underwriting roles within the company. 12 October 2017
Insurance
AXIS Capital Holdings has made two appointments within the US Programs, property and casualty team of its AXIS Insurance business unit. 12 October 2017
Insurance
Pioneer Underwriters said on Oct. 12 that it is introducing higher primary general liability (GL) policy limit options for specialty contractors. 12 October 2017
Insurance
Ratings agency AM Best has appointed Riccardo Ciccozzi as director of market development, Europe, as part of its strategic growth initiative in Continental Europe. 12 October 2017
Insurance
Bermuda’s re/insurers are expected to fund a quarter or more of approximately $100 billion in aggregate insured losses from the recent nat cat events, according to preliminary estimates from the Association of Bermuda Insurers & Reinsurers (ABIR). 11 October 2017
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