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Allstate lowers estimated reinsurance recoveries for Ida, but total tallies $1bn

The insurer will recoup $986mn from its reinsurers in relation to Q3 cats, of which $689mn stems from Hurricane Ida.

Fiona Robertson, 04 November 2021
Monte Carlo Rendez-Vous to return in 2022

The return to an in-person event follows two years of forced cancellations owing to Covid-19.

Samuel Casey, 04 November 2021
Arch rebrands Watford Re as Somers Re, CEO Levy departs

Liz Cunningham, Watford’s chief risk officer, has been named its new CEO, as the company said that ratings agency AM Best had affirmed the outlook on its A- FSR to "stable".

James Thaler, 04 November 2021
Insurers ‘uniquely positioned’ to build resilience to climate shocks: UN’s Hart

The insurance industry is uniquely positioned to bolster the transition to net zero and improve resilience to climate shocks, according to Selwin Hart, UN assistant secretary-general for climate change.

Luke Harrison, 04 November 2021
LMA’s Cameron to chair new data council in EC3’s next step to modernisation

The body’s remit will include governance of the core data record – a crucial element of the Blueprint Two reforms at Lloyd’s.

Marcel Le Gouais, 04 November 2021
Hannover Re to make whole account and sidecar recoveries from Bernd loss

Hurricane Ida will also hit the K-Cession sidecar but not the XoL cover, board member Sven Althoff said.

Rachel Dalton, 04 November 2021
Enstar falls to $196mn Q3 loss on investment swing

Investments in the InRe Fund suffered volatility, leading to net realized and unrealized losses of $285.2mn.

Samuel Casey, 04 November 2021
Suncorp aggregate XoL deductible eroded by more than 70% after storms

Suncorp has estimated that weather losses in the past three months have eroded the A$650mn deductible on its A$400mn aggregate excess of loss (XoL) treaty by up to A$561mn, or 87%.

Rachel Dalton, 04 November 2021
Lancashire takes up to $185mn cat losses as YTD GWP rises 46.9%

The biggest increases in GWP came from the carrier’s P&C reinsurance and P&C insurance segments.

Luke Harrison, 04 November 2021
Hannover Re Q3 P&C profit falls 5.2% on heavy cat losses

The P&C unit’s combined ratio deteriorated to 101.5% after triple-digit Ida and Bernd losses.

Rachel Dalton, 04 November 2021

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