Chubb said it is anticipating pre-tax losses resulting from Q3 catastrophes to reach $352mn, including net insurance and reinsurance losses from Hurricane Maria of $220mn.
Everest Re, Guy Carpenter, Chubb and Willis are among 23 reinsurers which have joined the B3i block chain initiative's market testing prototype, B3i announced today.
Hiscox said it would take a net $225mn of losses from Hurricanes Harvey and Irma as CEO Bronek Masojada forecast that the rate reaction to losses would spread beyond property insurance and catastrophe reinsurance.
