The Trader 

Market Outlook: Insurance woes ahead of shin-dig

The Trader

Yesterday insurance giants AIG and Swiss Re warned that Q3 2018 numbers would be seriously impacted by a string of natural disasters this year from reassessing the damage of California mudslides, Japan’s typhoons, and US East Coast hurricanes. The US-based firm expects losses of up to $1.7 billion, while the Swiss firm predicted a $1.1 billion loss, a ‘large amount for an individual quarter’.  This comes ahead of Sunday’s (to the 25th) reinsurance meeting in Baden-Baden, Germany, where brokers and reinsurers meet to compare notes and pricing ahead of the renewals season that starts in January.

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