Issues

Loss estimates for the Q3 catastrophes from modelling companies and industry associations

Look-up tables of all the Q3 loss announcements so far by event

Imagine that on your way home the urge suddenly takes you to gamble. You walk straight into a betting shop and place the biggest bet you can afford on a horse race.

The mutual marine insurer Norwegian Hull Club has warned reinsurers of a large loss from Hurricane Irma, The Insurance Insider can reveal.

Hurricane Nate may not go down in the annals along with Harvey, Irma and Maria when the history of this remarkable period of catastrophe losses is written, but the fourth US landfalling hurricane of the season has added fresh pain for already-suffering carriers.

Average comprehensive motor insurance premiums in the UK fell by 1.1 percent to £838 ($1,105) in Q3, as insurers adjusted their prices in anticipation of a change to the Ogden discount rate, according to the latest pricing survey from Willis Towers Watson.

US broker Integro was recently running a pro forma debt-to-Ebitda ratio in excess of 9x, numbers from Moody's show, as it enters exclusive takeover talks with independent London broking house Tysers.

State Farm had the most to lose from Hurricane Nate when it blew ashore in Louisiana over the weekend, based on the company's market share in the Bayou State.

High net worth (HNW) start-up Vault is set to launch this month, having secured backing from Allied World and Mike Millette's Hudson Structured Capital Management.

Motor underwriters and their representatives are holding high-level talks with government officials and state agencies about vehicle-based terrorist attacks, as the prospect of unlimited industry liability threatens to force up reinsurance rates and tighten conditions at the 1 January renewals.

Recent company pre-announcements for Q3 catastrophe events have surprised the market, with some loss numbers coming in well above analysts' expectations.

The impact of hurricanes Harvey, Irma and Maria (HIM) means the insurance-linked securities (ILS) sector is in line for one of its more complicated 1 January renewals, despite the fact the market's share of losses will be much more contained than it might have been.