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Blazes not expected to breach occurrence retentions despite generous hours clauses.
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The equity research group says international P&C losses look likely to exceed earlier expectations.
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A round-up of reinsurance renewals news plus the best of the rest from the past seven days.
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The carrier’s quota-share reduces the cost of the first event to about $118mn, unchanged in Australian dollar terms from last year. -
NSW has declared a state of emergency, with conditions expected to deteriorate.
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Thousands are trapped on beaches in Victoria and New South Wales.
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The trade association’s claims tally for Faxai reaches $3.05bn.
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Pressure grows on firefighters after a brief cool period over Christmas.
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A total of 873 homes have been destroyed this fire season, with an additional 100 likely destroyed since last Thursday.
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Net catastrophe exposure assumed by cedants fell by 14.8 percent year on year.
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Christmas brings out the child in everyone.
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Up to a third of the vineyards around the South Australian capital Adelaide have also been scorched.
