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Everest Re forecasts pre-tax Q3 net cat losses at $730mn

The reinsurer attributed $600mn to Hurricane Ian, based on an estimate that the total insured industry losses would come to approximately $55bn.

Kyoung-son Song, 19 October 2022
Gallagher Re sees Ian-related economic losses exceeding $100bn

Many homeowners are likely to see a significant portion of uninsured water damage despite roughly 30%-45% having NFIP coverage in certain areas.

Jairo Ibarra, 19 October 2022
Everest Re hires ex-CNA Hardy’s Marriott for cargo as marine buildout continues

The carrier is pursuing a strategic expansion in primary insurance lines, and has also made several marine appointments.

Samuel Casey, 19 October 2022
Travelers tallies $1.4bn of property cat losses towards $2bn agg retention

The carrier expects its underwriting track record to help it secure favourable reinsurance terms in a tough market.

Samuel Casey, 19 October 2022
Hurricane Fiona caused C$660mn in insured damage: CatIQ

More than half of insured losses came from Nova Scotia.

Rachel Dalton, 19 October 2022
Berkshire Hathaway completes $11.6bn Alleghany takeover

The completion of the deal comes after last week the companies received all regulatory approvals.

Jairo Ibarra, 19 October 2022
Guest to join Scor Syndicate crisis management team

David Guest’s appointment comes shortly after Christianna Vandoorne, head of terrorism and PV, left the syndicate.

Aisling Finn, 19 October 2022
Swiss Re estimates demand for EUR2.5bn additional cat capacity in Germany alone

The reinsurer is pushing for higher retentions on property cat and lower ceding commissions on proportional casualty.

Rachel Dalton, 19 October 2022
LMA adds Warren, Powell and Milner to board

Matthew Wilson, Matthew Moore, Emma Woolley and David Croom-Johnson have stepped down from the board.

Aisling Finn, 19 October 2022
ICA declares insurance catastrophe amid severe flooding across Australia

Insurers have received 6,350 claims linked to the recent bout of flooding, up 22.3% on yesterday’s figures.

Aisling Finn, 19 October 2022

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