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Insurance
Lloyd’s faces 2017 pre-tax loss due to nat cat events: Moody’s
Lloyd’s of London faces a pre-tax loss in 2017 due to the hurricanes that struck North America in the third quarter, according to Moody’s.   5 October 2017
Insurance
GIC Re to raise up to $1.7bn in IPO as it seeks international expansion
State-owned General Insurance Corp of India’s (GIC Re) is expected to raise 113.7 billion rupees ($1.7 billion) in an initial public offering to run from Oct. 11. and Oct. 13, 2017 as it plans to grow internationally.   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
RenaissanceRe faces $625m nat cat hit in Q3
Bermuda-based RenaissanceRe Holdings said on Oct. 4 that it anticipates an initial estimated net negative impact of $625 million from Hurricanes Harvey, Irma and Maria and the Mexico City Earthquake.   5 October 2017
Insurance
Allianz teams up with Silicon Valley firm in cyber protection
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has teamed up with Silicon Valley-based software company Zeguro.   5 October 2017
Insurance
WR Berkley NA nat cat loss expected below $110m
Commercial re/insurer WR Berkley Corporation said on Oct. 4 that it expects catastrophe losses attributable to Hurricanes Harvey, Irma and Maria and the earthquakes in Mexico to be less than $110 million, before tax, or $72 million, after tax.   5 October 2017
Insurance
Third Point Re CEO praises strategy avoiding nat cat losses
Third Point Reinsurance CEO said on Oct. 4 that the company experienced only “modest” losses from natural catastrophes in North America as its strategy paid off.   5 October 2017
Insurance
Randall & Quilter raises £50m to fund growth
Non-life insurance and investment specialist Randall & Quilter Investment Holdings said on Oct. 5 that it is raising approximately £49.3 million to finance its growth plan.   5 October 2017
Insurance
Q3 insured losses could be costliest in history
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
Hurricane Irma to have limited impact on reinsurers’ capital
Global reinsurers will incur notable losses from Hurricane Irma, but the storm will have only a limited impact on the sector’s capital, ratings agency AM Best said in a Sept. 14 report.   15 September 2017

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