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Nine Merchants Re in talks with new potential capital providers
Hong Kong-based reinsurance start-up Nine Merchants Re is in active conversations with investors with funds outside China after encountering obstacles following a clampdown on domestic capital outflows, according to market sources.
Adam McNestrie
,
19 September 2017
London property insurers face BA system outage claim
British Airways (BA) is pursuing its property insurers for a sizable business interruption (BI) claim after suffering a global system failure in May, The Insurance Insider understands.
Catrin Shi
,
19 September 2017
Irma insured loss projections narrow in US
Industry insured loss estimates for Hurricane Irma narrowed to no more than $50bn, including up to $15bn in Caribbean islands that took a direct hit from the Category 5 storm before it weakened as it struck Florida's southwest coast and headed inland last week.
Ted Bunker
,
19 September 2017
Practitioners question reliability of hurricane estimates
The reliability of modelled hurricane estimates for Irma and Harvey is coming under scrutiny as insurers begin to assess the cost of the two events.
Charlie Thomas
,
19 September 2017
Lloyd’s carriers wait on major Irma Caribbean losses
Lloyd's syndicates have started to receive claims from insureds in the Caribbean following Hurricane Irma, with early indications suggesting substantial losses that will also hit the continental reinsurers hard.
Bernard Goyder
,
19 September 2017
Irma delivers second blow to London binders
The London binders market is braced for a round of losses from Hurricane Irma, even as it continues efforts to untangle the consequences of Harvey in Texas.
Adam McNestrie
,
19 September 2017
FedNat and HCI loss picks point to $6bn loss
Projections from provisional gross loss estimates from listed Floridian insurers Federated National and Homeowners Choice (HCI) point to a $6.1bn privately insured homeowners' loss from Hurricane Irma in the state, analysis from The Insurance Insider shows.
Adam McNestrie
,
19 September 2017
Regression, then progress
It seems paradoxical that I should be writing to tell you of the demise of our monthly print edition.
Mark Geoghegan
,
19 September 2017
Market waking up to ‘worst-of-all-worlds’ loss
Early optimism around the effect of Hurricane Irma on rates is quickly receding as more data points emerge which suggest that even combined with Hurricane Harvey the storm will have only a manageable impact on capital levels.
Adam McNestrie
,
19 September 2017
Opinion: Trump climate
With the Atlantic season's seventh hurricane bearing down on the Caribbean and a new report from atmospheric scientists that August was the third-hottest on record, it seems difficult not to conclude that the effects of climate change threaten to drive catastrophe losses ever higher
Ted Bunker
,
19 September 2017
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