- Newslink Global Insurance Trends-Editor's Weekly Overview
- US insurance trade associations unveil Business Continuity Protection Program(BCPP)-a new customer-focused proposal for a federal program tailored specifically to help businesses meet the financial challenges from future pandemics
- NOAA forecasts an above-normal 2020 Atlantic hurricane season
- Mactavish new report reveals huge conflict of interest for insurance brokers over COVID-19 crisis
- Aviva estimates £160m net in notified and projected COVID-19 claims
- Generali net profit down at E113m(E744m) for first quarter but "good operating performance"
- General insurance business in South Korea to stagnate in 2020 due to COVID-19, says GlobalData expired
- Thailand life insurance industry to contract in 2020 due to COVID-19, says GlobalData expired
- Richter will be appointed Global Head of Cyber Center of Competence for Allianz Group expired
- PartnerRe appoints Stanley as Head of U.S. Casualty expired
- UK P&I Club partners with BlueMed to provide 24/7 medical services at sea during COVID-19 crisis expired
- Ardonagh Group income up 1.6%-limited impact from COVID-19 expired
9th October 2019
Arch Capital expects to report third quarter 2019 pre-tax catastrophe losses of approximately $65m to $75m net of reinsurance-primarily from Hurricane Dorian and Typhoon Faxai
Arch Capital Group has announced it expects to report third quarter 2019 pre-tax catastrophe losses of approximately $65m to $75m, net of reinsurance recoveries and reinstatement premiums. These losses are primarily from Hurricane Dorian and Typhoon Faxai. At this time, there are significant uncertainties surrounding the scope of damage for these events, as well as the other global events. The company’s estimate for these events is based on currently available information derived from modelling techniques, industry assessment of exposure, preliminary claims information obtained from the company’s clients and brokers to date and a review of in-force contracts. Actual losses from these events may vary materially from the estimates due to the inherent uncertainties in making such determinations. The loss estimates exclude the operations of Watford Holdings. Pursuant to GAAP, the Company consolidates the results of Watford in its financial statements, although it only owns approximately 11% of Watford’s outstanding common equity.
Arch Capital Trends(131 articles)