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Aspen Insurance Holdings expects pre-tax catastrophe losses of $340 million in the third quarter of 2017. 17 October 2017
News
Bermuda-based Argo Group International Holdings has hired David Higley to head its newly formed US property unit and inland marine division. 16 October 2017
News
Bermuda-based Hiscox Re and ILS has launched a new US personal lines flood product, available to its insurance carrier. 16 October 2017
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AXIS Capital expects the total net financial impact of $578 million from third quarter 2017 catastrophe losses. 13 October 2017
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Hurricanes Harvey, Irma and Maria – along with Mexican earthquakes and other more minor cat events globally – are expected to incur after-tax costs of $285 million to $345 million for Bermuda-based re/insurance provider Arch Capital Group in the third quarter of 2017. 13 October 2017
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Everest Re is expecting to incur pre-tax catastrophe losses of $1.2 billion in the third quarter, including losses from Hurricane Harvey, Irma, and Maria, as well as from the earthquake events in Mexico. 13 October 2017
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Everest Re Group has announced that it has added several new senior underwriters to the London team of Everest Reinsurance (Bermuda). 12 October 2017
Re/insurance
New technologies are starting to enter the relatively unchanged world of re/insurers’ reserving departments—and companies willing to invest in and embrace some of the applications could gain a significant advantage, as Bill Miller from KPMG in Bermuda tells Bermuda:Re+ILS. 12 October 2017
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According to a preliminary estimate from the Association of Bermuda Insurers & Reinsurers (ABIR), Bermuda market companies may fund a quarter or more of approximately $100 billion in aggregate insured losses from the recent string of nat cat events. 11 October 2017
News
Losses from cybercrime are only likely to increase because of far-reaching global connectivity, according to cyber risk expert James Trainor. 11 October 2017
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