Hannover, city

Talanx profits improve despite uptick in industrial fire losses

2018-08-13T08:53:00+01:00

Hannover Re owner Talanx managed to grow profits in the first half of the year despite an uptick in German fire and property losses in its industrial lines unit.

Tokyo street

Tokio on the hook for $452mn flood losses as international units suffer

2018-08-10T09:40:00+01:00

Japanese carrier Tokio Marine Holdings expects to pay out 50bn yen ($451.8mn) for losses stemming from heavy rain in the country last month.

California fires 900px

Underwriters must adapt to ‘new normal’ in California: AM Best

2018-08-09T09:17:00+01:00

Insurers need to change the way fire perils in California are modelled and underwritten in the wake of wildfires that have taken hold across the state, according to AM Best.

Munich Re's share price dips in trading today

Munich Re shares suffer following worst man-made loss bill in a decade

2018-08-08T10:52:00+01:00

Shares in reinsurance giant Munich Re dipped by as much as 4 percent this morning after man-made disasters helped push the carrier’s P&C reinsurance division to an underwriting loss in the second quarter. 

Japan flooding

MS&AD warns of $600mn bill for Japanese floods

2018-08-08T11:00:00+01:00

Japanese insurer MS&AD has warned that it is expecting gross losses of around 66bn yen ($594.8mn) after flood waters inundated swathes of the insurance giant’s heartland last month.

Canterbury

Insured losses from NZ’s Canterbury earthquakes climb to $15bn

2018-08-07T15:10:00+01:00

Insured losses stemming from earthquakes in Canterbury, New Zealand in 2010 and 2011 have risen to NZ$22.29bn ($15.02bn), according to the country’s insurance trade body.

California wildfires

Aon adds to $1bn+ Carr wildfire loss estimates

2018-08-03T11:28:00+01:00

Insured losses stemming from the Carr wildfires that continue to ravage parts of North California could burn through the $1bn threshold, according to Aon’s Impact unit.

Cali fires

Carr wildfire could lead to $1.5bn+ insured losses

2018-08-02T21:37:00+01:00

The raging California Carr fire is already the sixth most destructive wildfire in the state’s history and could lead to insured losses of $1.5bn or even higher, according to the rating agency Moody’s.

California wildfires

Aon says Carr fire losses will top $100mn

2018-07-31T13:11:00+01:00

Economic losses stemming from the Carr wildfire that has ravaged parts of California in recent days are expected to exceed $100mn, according to estimates by Aon.

Talcum powder

The Hartford’s talcum powder liabilities excluded from Nico $1.5bn ADC

2018-07-30T09:16:00+01:00

Berkshire Hathaway has excluded talcum powder-related exposures from the $1.5bn adverse development cover (ADC) it struck with The Hartford in late 2016.

Evan greenberg chubb

Greenberg downplays impact of asbestos talcum powder risk for industry

2018-07-26T15:27:00+01:00

The chief executive of Chubb, Evan Greenberg, has talked down the potential impact that new asbestos claims stemming from talcum powder use could have on the insurance industry.

Rob Berkley

(Re)insurers will be 'pulled in' to opioid crisis

2018-07-25T11:31:00+01:00

(Re)insurers will inevitably be drawn in to impending litigation from the ongoing opioid epidemic in the US, according to the CEO of the blue-chip specialty insurance group, WR Berkley.

everest logo

Everest Re shares fall after $250mn reserve charge

2018-07-20T14:10:00+01:00

Shares in Everest Re fell by more than 6 percent in early trading on the New York Stock Exchange after the Bermudian revealed it was under-reserved for last year’s hurricanes.

217 everest-sign

Everest Re takes further $250mn hit from 2017 cats

2018-07-20T07:58:00+01:00

Shares in NYSE-listed Everest Re may come under selling pressure later today after the Bermudian reinsurer said it would take a $250mn after tax charge to bolster reserves from last year’s catastrophes.

Hail storm

Allstate hit with $417mn cat bill in June

2018-07-19T14:19:00+01:00

US insurance giant Allstate suffered $417mn in catastrophe losses last month mainly stemming from severe hail storms.

Storm david aka friederike

Perils ups Friederike estimate again

2018-07-17T08:23:00+01:00

European catastrophe data provider Perils has again increased its loss estimate for extratropical cyclone Friederike, this time to EUR1.68bn ($1.97bn).

Hurricane

Light cat losses expected to fuel strong Q2 earnings

2018-07-16T08:59:00+01:00

A comparative reprieve from heavy catastrophe losses in the second quarter is expected to bolster carriers’ earnings for the period.

US, electrical storm

Insured nat cat losses down a third in 2018

2018-07-11T11:53:00+01:00

Insured losses stemming from natural catastrophes in the first half of 2018 were down a third compared to the first six months of 2017, according to Munich Re.

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