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Hailstorms that struck southern US states including Texas last week are likely to cause "hundreds of millions" of dollars of economic and insured losses, according to Aon Benfield's Impact Forecasting report.
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Russian insurer AlfaStrakhovanie is on risk for the Saratov Airlines plane that crashed on Sunday (11 February) killing all 71 people on board, The Insurance Insider can reveal.
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The 56 Florida homeowners' companies that had their ratings affirmed by Demotech late last month fell to a $407mn underwriting loss in the aggregate for 2017, analysis of statutory filings by The Insurance Insider has shown.
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Global insured losses from catastrophes reached $144bn in 2017, the highest-ever recorded in a single year, according to Swiss Re's latest Sigma report.
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The downstream energy market is staring down the barrel of a loss that could run to hundreds of millions of dollars after an earthquake in Papua New Guinea impacted a major energy project, The Insurance Insider understands.
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The downstream energy market is expecting Abu Dhabi National Oil Company (Adnoc) to seek to push the claim for a refinery fire last year as high as $2.5bn, The Insurance Insider can reveal.
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Liberty Syndicate 4472 fell to a $118.7mn loss last year amid a high volume of major losses from three major North Atlantic hurricanes, California wildfires and the Adnoc refinery explosion.
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How such an eventful catastrophe year as 2017 could fail to dramatically affect pricing in a positive way seems to have surprised, and disappointed, many underwriting executives at Lloyd's syndicates.
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Public companies are like teenagers incessantly live-blogging on social media.
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Catastrophe data aggregator Perils has pegged its second loss estimate for extra-tropical Cyclone Eleanor, also known as Burglind, at EUR680mn ($836.7mn).
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PCS has released an initial loss figure for Winter Storm Riley of $1.36bn, sister publication Trading Risk has reported.
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Insurers are tallying up property losses caused by Cyclone Marcus and wildfires in southeastern Australia.
