Hurricane Maria News
Hedge Funds Are Betting on a Reinsurance Recovery
Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday. Hurricanes in the United ...
A Market Correction is Coming in 2018: Willis Towers Watson Prediction
Thanks largely to Hurricanes Harvey, Irma and Maria, commercial insurance buyers will face a market correction in 2018, Willis Towers Watson asserts in its 2018 Marketplace Realities report. In other ...
Hurricanes, Quakes Hammer Berkshire Hathaway’s GEICO, Gen Re, Other Insurance Units
Bad weather hurt Warren Buffett's Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent ...
Hurricanes Also Hurt Liberty Mutual’s Q3 Results
Liberty Mutual Holding Co. Inc. reported a net loss of $665 million for the three months ended September 30, 2017, versus net income of $455 million for the same period in 2016. The net loss in the ...
After Historic Storms, Insurers May Not Be Able to Price Their Way Back
The worst hurricane season in modern U.S. history is starting to look like a blip on the charts of insurance stocks, with investors banking on a quick restoration of capital as firms rediscover ...
Q3 Catastrophe Fallout: XL Group’s Fitch Ratings Outlook Turns Negative
XL Group got smacked with a negative ratings outlook from Fitch Ratings, thanks to pre-tax natural catastrophe losses in Q3 that hit $1.48 billion. Fitch said it revised the ratings outlook to ...
Munich Re Expects a 2017 Profit Despite Q3 Hurricane Hits
Munich Re expects claims of €2.7 billion ($3.2 billion) from Hurricanes Harvey, Irma and Maria, which will lead to a third quarter loss of €1.4 billion ($1.64 billion). The group said it expects ...
A Now-Familiar Refrain: Hurricanes, Earthquakes Hammer Q3 AXIS Results
AXIS Capital Holdings said its 2017 third quarter would have been a good one if not for Hurricanes Harvey, Irma and Maria, and two Mexico earthquakes. With the three massive natural catastrophe ...