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AXIS faces $0.6bn nat cat hit in Q3, begins claims payment

AXIS Capital expects the total net financial impact of $578 million from third quarter 2017 catastrophe losses. 13 October 2017

News

Atlantic hurricanes and Mexican earthquakes impact Arch Capital in Q3

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

News

Everest Re braces for $1.2bn impact from Q3 nat cat events

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 releases storm damage loss estimate

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

News

Everest Re announces London appointments

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

Welcoming the ‘bots’ into reserving

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 announces management reshuffle

Arch Capital Group has unveiled a string of senior management changes to its Worldwide Reinsurance Group. 11 October 2017

News

ABIR estimates Bermuda to fund a quarter of recent storm losses

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

Cybercrime expert claims cyber losses might hit $6tr

Losses from cybercrime are only likely to increase because of far-reaching global connectivity, according to cyber risk expert James Trainor. 11 October 2017

News

Validus issues hurricane loss breakdown

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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