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Tokio Marine pegs quake and hurricane losses at $580mn

Tokio Marine has announced it expects its pre-tax net losses from hurricanes Harvey, Irma and Maria and the earthquakes in Mexico to total 65bn yen ($580mn)

Charlie Thomas, 13 October 2017
London market to harden: Fitch

Fitch Ratings has joined a growing chorus of commentary forecasting a hardening (re)insurance market

Bernard Goyder, 13 October 2017
Hurricane Ophelia strengthens to Category 2 storm

Hurricane Ophelia has strengthened to a Category 2 storm as it tracks across the Atlantic towards Ireland and the UK.

Charlie Thomas, 13 October 2017
UK ILS regulations expected to be approved by November

The new London insurance-linked securities (ILS) legislation is expected to be approved by the end of the month, according to sister title Trading Risk.

Sofia Geraghty, 13 October 2017
Everest climbs 6% on Q3 cat loss estimate

Everest Re shares jumped 6 percent in New York trading today after the (re)insurer estimated a net pre-tax catastrophe loss of $1.2bn for the third quarter, reflecting the period's three major hurricanes and the earthquakes in Mexico.

Ted Bunker, 13 October 2017
Global reinsurance rates flat to up 5% at 1.1: S&P

S&P has changed its view of pricing on 1 January renewals and now predicts flat to 5 percent increases for global reinsurance, reflecting the impact of third quarter catastrophes expected to result in insured losses of more than $100bn.

Ted Bunker, 13 October 2017
Argo Group picks Higley from The Hartford as US property head

Argo Group has hired David Higley, most recently head of marine and livestock for The Hartford, to lead its newly formed US property unit.

Marcus Alcock, 13 October 2017
Allied World gears up for post-deal restructuring

Allied World is preparing to restructure its business from three to two divisions, with Allied World global markets president Julian James set to leave next summer as part of the reorganisation, The Insurance Insider understands

Adam McNestrie, 13 October 2017
Opinion: Back to basics

After years in the soft market doldrums underwriters are beginning to walk with a slight spring in their step

David Bull, 13 October 2017
RMS: Economic loss of $3bn-$6bn for wine region fires

Cat modellers RMS have suggested that the active wildfires which continue to burn in California’s wine-producing region could result in billions of dollars of insured loss.

Charlie Thomas, 13 October 2017

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