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The Qatar-based group reported a loss of about $54.5mn as the underwriting performance of its international carriers deteriorated.
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The storm remained offshore but lashed Kauai with rain.
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Rainfall in some areas could lead to flooding and landslides.
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After rapid intensification ahead of landfall, Hanna hit southern Texas as a Category 1 hurricane. -
Barbados and St Vincent are under hurricane watch from Gonzalo while Tropical Storm Hanna will bring heavy rain to parts of the Texas coast.
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Barbados is on a hurricane watch.
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Six-month figures beat long-term average of $20bn with North American natural disasters driving the majority of the losses.
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Over 200 nat cat events occurred in H1 2020, topping the 20-year average.
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Analysts estimate that Lancashire, Allianz, Hannover Re and Scor will book an underwriting profit for the first half.
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Motor accounts for 47% of the industry’s total bill, while property claims rise sharply from earlier estimates.
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The new claims chief has over three decades’ experience and has worked at TMK since 2012.
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There has been a spate of claims in the cannabis insurance market after riots and looting broke out in many US cities earlier this month, according to broking sources.
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