-
Australian carrier Suncorp exceeded its natural catastrophe claims budget for the six months to 31 December by A$65mn ($51.8mn), primarily driven by losses from the Victoria hailstorm in December.
-
Insurers that provided $130mn of D&O cover to Patriot National could face total losses on the policies unless a US bankruptcy court forces mediation of covered legal claims and temporarily halts related litigation, according to recent court filings.
-
Hurricane Harvey was projected to produce $15.7bn in insured losses, based on estimates provided to Texas regulators by insurers responding to a data call last autumn.
-
Australian carrier IAG booked A$262mn ($205mn) in net natural catastrophe losses for the six months to 31 December, after its cat reinsurance programme capped losses from three of the events at A$20mn each.
-
An oil pipeline that passes through Turkey has been hit by a terrorist attack that looks set to cost insurers between $30mn and $50mn, The Insurance Insider can reveal.
-
Catastrophe data aggregator Perils has issued a EUR643mn ($789.3mn) initial loss estimate for extra-tropical Cyclone Eleanor, which struck swathes of western and central Europe on 2 January and 3 January.
-
A French insurance industry group estimates that Hurricane Irma’s damages in the Caribbean could cost insurers EUR1.83bn ($2.26bn), Reuters reported today.
-
Reinsurance rate rises ended up being pretty limp by the time 1 January came around.
-
Claims to cover damage related to Hurricane Irma in Florida have surpassed 900,000 while estimated insured losses now total nearly $8bn, the state Office of Insurance Regulation said today.
-
Beaten up by catastrophic hurricanes and wildfires, the US property and casualty sector suffered another operating loss last year, with the deficit widening as the aggregate combined ratio added 4.2 points to reach 105.1 percent, AM Best reported.
-
PCS raised its loss number for Hurricane Irma to $17.2bn in a 30 January update, two months after lowering its initial figure by $3.0bn to $15.0bn.
-
Allianz Global Corporate & Specialty and La Réunion Aérienne jointly lead the aviation hull policy for a Boeing 737-800 that skidded off the runway and over a cliff in north-eastern Turkey, The Insurance Insider can reveal.
