Claims and losses

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.

Carriers and brokers have published their best estimates for natural catastrophe losses across the 2017 calendar year, with figures ranging from Swiss Re's $131bn to JLT Re's $140bn.

Reinstatement premiums and increased demand for back-up covers in the aftermath of last year's North Atlantic hurricanes boosted reinsurance brokers' organic revenues in the fourth quarter.

Underlying loss ratios in the fourth quarter increased at all but one of the P&C (re)insurers in our study, highlighting the prevalent trend of loss-cost inflation running ahead of earned rate.

Validus' AlphaCat asset management unit contributed more than half of the group's $120.8mn of fourth quarter notable losses.

One of the largest claims ever to hit the London political violence market has been settled for around $110mn, The Insurance Insider understands

As the Q4 2017 earnings season begins, early signs suggest insured damage caused by last year's Californian wildfires is on the rise.

Catastrophe data aggregator Perils has revised its property insured loss estimate for cyclone Herwart to EUR255mn ($317mn).

The claim arising from a blaze at an Abu Dhabi National Oil Company (Adnoc) facility a year ago has deteriorated by as much as $1bn, and could now cost the market $2bn, The Insurance Insider can reveal.

UK trade credit insurance losses from the collapse of contractor Carillion are estimated at £31mn ($44.2mn), according to the Association of British Insurers.

Annual insured catastrophe losses surpassed $140bn for the first time last year following the California wildfires and hurricanes Harvey, Irma and Maria (HIM), according to JLT Re.

Aon Benfield has estimated insured losses from hurricanes Harvey, Irma and Maria (HIM) at $80bn and insured losses from natural disasters in 2017 at $134bn