Insurance- Page 15

The FINANCIAL -- Allianz on November 8 announced the official opening of its Beijing branch office, strengthening its presence across China and enhancing its ability to serve more customers in the world’s fastest-growing insurance market.

The FINANCIAL -- Zurich Insurance Group (Zurich) on November 7 announced that its subsidiary Zurich Insurance plc has entered into an agreement with Catalina Insurance Ireland DAC (Catalina) to transfer its German legacy medical malpractice book to Catalina.

The FINANCIAL -- Swiss Re reported a Group net loss of USD 468 million for the first nine months of 2017, reflecting the USD 3.6 billion expected insurance claims from hurricanes Harvey, Irma, Maria, and the Mexico earthquakes. P&C Re's and Corporate

The FINANCIAL -- Munich Re is expecting a third-quarter loss of €1.4bn owing to exceptional major-loss expenditure. The Group now projects a small profit for the full year 2017.

The FINANCIAL -- Slovakian bancassurer Poisťovňa Slovenskej sporiteľne (PSLSP) will be merged into Kooperativa poisťovňa with effect from 1 April 2018, subject to approval by the local authorities.

The FINANCIAL -- Lloyd’s on October 23 announced revised net claims estimates for Windstorms Harvey and Irma of a combined $3.9 billion plus a preliminary claims estimates for Windstorm Maria of $0.9 billion.

The FINANCIAL -- Recent natural catastrophes have again demonstrated the importance of loss prevention, loss mitigation and risk transfer for risk management. The insurance industry does much more in this area than merely paying claims.

The FINANCIAL -- The percentage of U.S. adults lacking health insurance rose in the third quarter of 2017 to 12.3%, up 0.6 percentage points from the previous quarter and 1.4 points since the end of 2016. The uninsured rate is now the

The FINANCIAL -- Giuseppina Albo is leaving the Board of Management of Munich Re at the end of the year at her own request.

The FINANCIAL -- Swiss Re estimates its preliminary combined claims burden in the third quarter from the hurricanes Harvey, Irma and Maria and the earthquakes in Mexico to be approximately USD 3.6 billion, net of retrocession and before tax.