Allstate

Allstate expects Q1 losses to total $361mn

2018-04-19T14:52:00+01:00

US insurance giant Allstate is expecting first quarter catastrophe losses to hit $361mn, with $222mn of that total from events in March alone.

Storm david aka friederike

Perils ups cyclone Friederike estimate by 11% to EUR1.63bn

2018-04-17T06:48:00+01:00

European catastrophe data provider Perils has increased its loss estimate for extratropical cyclone Friederike to EUR1.63bn ($2.02bn).

everest logo

Everest Re reveals $100mn Q1 cat hit as California fire losses deteriorate

2018-04-12T06:28:00+01:00

Bermudian reinsurer Everest Re has said it expects to take around $100mn in catastrophe losses in its Q1 results, largely due to deterioration in loss estimates for the California wildfires which scarred swathes of the state last autumn.

maersk honam rescue

Maersk Honam cargo losses to cost insurers up to $100mn

2018-04-10T06:23:00+01:00

Cargo losses stemming from the fatal fire that gutted a Maersk ship in March are expected to fall in the $75mn to $100mn range, re-Insurance.com understands.

California wildfires

Swiss Re chalks up 2017 as biggest cat-loss year on record

2018-04-10T09:37:00+01:00

Insured losses incurred in 2017 are estimated to stand at $144bn, making it the biggest cat loss year on record, according to Swiss Re’s latest Sigma report.

Hurricane irma satshot

Above average Atlantic hurricane season expected in 2018

2018-04-05T16:25:00+01:00

Colorado State University (CSU) researchers have predicted the Atlantic hurricane season to be ‘slightly above average’ in 2018, anticipating 14 named storms.

Winter blizzard 2013, billerica ma

US ‘Nor’easter’ March storm losses expected to top $1.7bn: Aon Benfield

2018-04-05T15:58:00+01:00

Insured losses from three powerful ‘Nor’easter’ storms which swept the East coast of the US in March are estimated to reach over $1.7bn, according to data from Aon Benfield.

Hurricane hit refinery

Energy insurers must ‘choose between two evils’: Willis

2018-04-05T10:21:00+01:00

Underwriters of upstream energy face a dilemma over whether to continue to invest in the line of business or to scale back operations until the class becomes more profitable, a new study from Willis Towers Watson has found.

Mudslides

Cats deal $380mn blow to Chubb in Q1

2018-04-04T08:05:00+01:00

Chubb has warned that it is expecting to take a $380mn natural catastrophe claims hit from a first quarter that brought mudslides in California and a string of storms in the north eastern US.

Lloyds alert banner for lead story

Your Guide to Lloyd’s Syndicate Results 2017

2018-04-03T08:45:00+01:00

Another year and another set of Lloyd’s syndicate results come into the world but after one of the worst years in the market’s 330-year history, four fifths of syndicates posted a loss with 17 of those reporting a combined ratio in excess of 150 percent.

Montecito mudslides, California

California mudslide loss tops $421mn and Commissioner Jones takes credit

2018-04-03T08:40:00+01:00

Californian insurers have now received more than $421mn in claims from the deadly Montecito mudslides in January.

Putin after Zimnyaya Vishnya fire

Uninsured Russian mall fire prompts calls for liability cover law

2018-03-28T15:12:00+01:00

The fire in a Russian shopping mall which caused the deaths of at least 64 people has led to calls for the government to introduce liability insurance laws after it emerged the complex owner had not purchased cover.

Cyclone debbie

Perils Debbie loss estimate tops out at AUD1.74bn

2018-03-28T06:42:00+01:00

Catastrophe data provider Perils has finalised its loss estimate for Cyclone Debbie which swept across parts of Queensland and New South Wales last year at AUD1.74bn ($1.33bn).

Maersk

Maersk Honam loss feared to hit IG reinsurance programme

2018-03-23T13:26:00+00:00

The fire which gutted Maersk’s Honam vessel earlier this month, killing four sailors onboard and damaging substantial cargo, is set to blow through the International Group’s (IG) $100mn pool retention and deal the reinsurance market a severe marine loss, re-Insurance.com understands.

Lloyds comboned loss ratio

Lloyd’s attritional losses creep in 2017

2018-03-21T10:29:00+00:00

The Lloyd’s market was already under strain from attritional losses in 2017 even before the catastrophes of the second half of the year took hold, the market revealed in its annual report.

Kea trader

Kea Trader bill swells to $210mn marine (re)insurance loss

2018-03-12T17:37:00+00:00

Losses from the Kea Trader container ship, which ran aground in July last year, have deteriorated by an additional $40mn - pushing the cost for marine (re)insurers to $210mn, re-Insurance.com can reveal.

Maersk kalamata seattle 20101127

XL leads Maersk fire hull policy

2018-03-07T13:45:00+00:00

XL Catlin leads the hull cover for Danish shipping giant Maersk’s Honam ship which had to be evacuated due to a fire in the hold in the Arabian Sea yesterday re-Insurance.com has learned.

CBL’s reinsurance arrangements with MGAs Aipha and Elite...

Danish regulator now raises prospect of Alpha insolvency

2018-03-05T16:49:00+00:00

A day after Danish Alpha Insurance said it was entering “solvent” run-off, the Danish financial regulator, DFSA, has said the distressed carrier “no longer complies with the minimum capital requirement” which may have “negative implications for the policyholders”.

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