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German flood losses now expected to reach EUR7bn: GDV

Around EUR6.5bn of losses will come from the residential buildings, household contents and business claims, and around EUR450m will come from automotive claims.

Luke Harrison, 27 August 2021
Over 3,000 offshore energy assets in trajectory of Storm Ida: Skytek

Platforms are the most at risk offshore energy asset, with 1,651 exposed to the current trajectory of Ida, while bulk carriers are the most exposed marine asset, with 100 currently exposed.

Luke Harrison, 27 August 2021
The Week in 90 Seconds: Renewable energy; Aon Reinsurance reshuffle; South African cargo loss

Plus a look at reinsurers’ cat budgets and all the top news from the week.

Rachel Dalton, 27 August 2021
Tropical Storm Ida forecast upgraded to major hurricane pre-US landfall

Its maximum sustained winds strengthened as it passed the Cayman Islands.

Alex Frampton, 27 August 2021
Storm Seroja claims tally reaches $204mn: ICA

There have been 6,751 Seroja claims lodged, with 99.67% accepted and 46% of claims closed.

Luke Harrison, 27 August 2021
Scor Specialty’s Forti to depart for Willis Re

The executive was instrumental in overseeing the major turnaround work at Channel, which reported its first profit in a decade in 2020.

Catrin Shi, 27 August 2021
Antares rebuilds in cargo with Chaucer’s Harris

The QIC Global-backed business’s cargo team is leaving to join Clive Washbourn’s MGA Navium Marine.

Samuel Casey, 27 August 2021
R&Q secures Oklahoma insurance business transfer approval in US legacy first

The transaction is the first time the Oklahoma process has been used between unrelated entities.

Rachel Dalton, 27 August 2021
Opinion: Should cat reinsurers be talking more about their budgets?

There is no such thing as an average loss year, but investors will still be looking for benchmarks.

Fiona Robertson, 27 August 2021
Tropical Storm Ida on track to hit Gulf coast at hurricane strength

The tropical depression has strengthened as it passes over the Cayman Islands.

Rachel Dalton, 27 August 2021

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