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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
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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Arch Capital Group has unveiled a string of senior management changes to its Worldwide Reinsurance Group. 11 October 2017
News
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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Validus has released an initial estimate of its losses from the natural catastrophes that took place over the third quarter of 2017. 10 October 2017
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PartnerRe has announced that it estimates combined catastrophe losses of approximately $475 million from its exposure to hurricanes Harvey, Irma and Maria in the third quarter of 2017. This figure is pre-tax, net of retrocession and reinstatement premiums. 10 October 2017
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Lancashire Holdings has announced that it estimates that its net ultimate losses arising from hurricanes Harvey, Irma and Maria and the two recent earthquake loss events in Mexico are expected to be between $106 million to $212 million. 9 October 2017
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