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Specialty re/insurer Argo expects a pre-tax catastrophe loss of $85-110 million in the third quarter of 2017, of which approximately $35-45 million relate to Ariel Re, acquired in the first quarter. 18 October 2017
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Private equity firm Apollo Global Management has signed a definitive agreement to acquires a majority shareholding in Catalina Holdings, a Bermuda-based run-off firm. 17 October 2017
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Aspen Insurance Holdings expects pre-tax catastrophe losses of $340 million in the third quarter of 2017. 17 October 2017
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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
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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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XL Group has announced that its preliminary estimate of net losses relating to Hurricanes Harvey, Irma and Maria is approximately $1.33 billion. 12 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
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