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French hail loss swells to EUR6bn-EUR8bn as reinsurers brace for impact

Hail is not covered by the state-backed CCR Re scheme, pushing losses into the private reinsurance market.

Rachel Dalton, 13 September 2022
Louisiana and Mississippi face weeks without power after Ida devastation

Experts fear for survivors, who now face an intense heatwave and up to a month without electricity.

Rachel Dalton, 31 August 2021
The Week in 90 Seconds: Ukraine marine deadline; FCA backlog; Ascot & Argo updates; Oklahoma gas explosion

Plus Q2 results from Marsh McLennan and Beazley and all this week’s executive moves.

Rachel Dalton, 22 July 2022
Impact Forecasting: Sally led to more than $2.5bn in insured losses

The new estimate sits in the middle of the range, following previous figures given by modellers

Kit Heren, 08 October 2020
US fears oil price rises after EU sanctions insuring shipments: FT

The newspaper reported that the US is urging European capitals to ease the ban in a bid to tame inflation.

Samuel Casey, 16 June 2022
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
Ida leaves more than 20 dead across Northeast

Remains of Ida turned deadly as torrential rain, widespread flooding and tornadoes surprised the Northeast.

Eileen AJ Connelly, 02 September 2021
ABIR issues salvo in S&P capital model update debate

S&P’s proposal to disallow senior debt as a form of available capital is thought to be among the most impactful of a slew of detailed changes by the rating agency.

Liz Bury, 17 February 2022
Opinion: The cyber correction must be more than just rate

This current hard cycle in cyber is potentially a once-in-a-generation opportunity to engineer the product as fit for purpose.

Catrin Shi, 26 August 2021
Hardening but less volatility in marine hull for 2021: Gallagher

The broker sees the new capacity in the wider insurance sector as unlikely to enter the hull market.

Samuel Casey, 24 February 2021

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