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Carriers ordered to pay $40mn for Verizon's defence costs from a 2006 spin-off related securities claim.
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Snow and hail cause $1.2bn of insured losses in Europe, Impact Forecasting says.
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The Aon CEO says ecomonic losses from cyber events could reach $1tn per year.
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State-backed carrier is authorised to spend up to $92mn to acquire catastrophe coverage.
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The retro manager’s 2017 losses have jumped to more than 41 percent of net asset value from a previously predicted 28 percent.
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Strong growth reported as shift towards lower return, lower volatility model continues.
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Law firm Clyde & Co represents 20-carrier group in Danish High Court.
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Early signs indicate third-party capital is being deployed aggressively in the Florida market.
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While the exposures are vast, silent cyber could bring new premium to the $4bn cyber market.
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A federal judge has demanded details of the defendants’ insurance coverage by 30 April in an attempt to bypass years of litigation.
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Reinsurance broker says system will help clients grappling with ill-defined risks.
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The carrier says its reinsurers will cover the additional cost.
