Claims and losses

Insurers are moving to settle with airline lessors over Ukraine claims.

The US sports disability market has been dubbed the “problem child” due to its volatility.

The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.

The carrier expects the market loss to land at $35bn-$40bn.

The transactional liability class faces a string of potential losses, especially in the contingent segment.

The carrier pegged its claims expenditure for the LA wildfires at EUR1.2bn.

Karl Haynes, Managing Director for Wholesale Claims at Tysers Insurance Brokers, explains how advancements like AI and drones are transforming the insurance claims process, improving efficiency and transparency in the London market.

The reserve includes hull, liabilities and legal expenses.

The appeals court has ruled that composite policies provide multiple limits.

Cedants could choose to retain more as cross-share sell-offs boost their capital.

The conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.

Plus, the latest people moves and all the top news of the week.