Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018

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Tokio Marine pegs quake and hurricane losses at $580mn

  • Charlie Thomas 13 October 2017
  • Tokio Marine has announced it expects its pre-tax net losses from hurricanes Harvey, Irma and Maria and the earthquakes in Mexico to total 65bn yen ($580mn).

    Based on 1.86tn yen shareholders' equity as of 30 June, the losses equate to about a 3.5 percent erosion.

    By event, Hurricane Irma was the most expensive, causing an estimated 32bn yen of net losses, while Hurricane Harvey was predicted to generate a 21bn yen hit.

    Hurricane Maria, meanwhile, was predicted to cause 9bn...

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