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UPC and a Tokio Marine Kiln unit jointly own Journey, a Florida-domiciled carrier.
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Flooding, wind damage and business interruption losses are expected to rise as the region begins to recover.
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The Floridian writes a small book of homeowners’ business in South Carolina.
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China Re, ZhongAn and PICC sustain losses after the super-typhoon hammers Hong Kong.
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The property insurer places notes with Cohen & Company and subsidiaries and Fermat Capital Management.
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Whatever the details of the loss or the quantum, Florence is not going to be a market-changing eventAs the dust settles on what at one stage seemed to be the big hurricane of this season, (re)insurers can reflect on what Florence might have brought had it maintained its wind speeds as it made its way towards the Carolinas.
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NFIP reinsurers will be untapped for losses under $4bn, analyst Amit Kumar predicted.
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The losses were largely expected to stem from Osaka.
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Mining businesses’ lack of losses still don’t spare them from modest rate increases for liability coverage.
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Liability cover and a separate D&O policy held by the bridge operator’s parent could also come into play.
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The class of business reported a combined ratio of 130.3 percent for the year.
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The storm struck the Japanese island of Shikoku last week at the equivalent of a Category 3 hurricane.