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The Hartford estimates the US corporate tax cut will force it to reduce the value of its net deferred tax assets by $850mn.
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The marine (re)insurance market's loss from the 2015 Alpine Eternity accident has increased by $65mn to $340mn after the claim estimate was revised upwards a second time, The Insurance Insider can reveal
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Suncorp has exceeded its first-half natural catastrophe claims allowance by A$60mn-A$70mn ($47mn-$55mn) following losses from a hailstorm in Melbourne in December.
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Catastrophe data aggregator Perils has raised its property insured loss estimate for Windstorm Xavier to EUR325mn ($392mn).
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Insured natural catastrophe losses reached $135bn in 2017, the highest annual level on record, according to Munich Re
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Two reinsurance fund managers have announced losses for 2017, providing an early indicator of the impact of second-half cat losses on the insurance-linked securities (ILS) and sidecar market
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Motor insurers are likely to collectively pay out about £20mn ($27mn) to policyholders following a fire in a Liverpool car park, the Association of British Insurers (ABI) has estimated
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Rates on loss-hit catastrophe retro accounts surged as much as 30 percent at 1 January, according to Willis Re.
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AIG bought a new $2bn aggregate catastrophe cover and a new international catastrophe treaty at 1 January as it followed through on a commitment to lay off more risk to the reinsurance market, The Insurance Insider can reveal.
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The Californian Department of Forestry and Fire Protection has said the Thomas wildfire in the south of the state is now 92 percent contained, having destroyed only 1,063 structures.
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Carriers hit by California wildfire claims will not face ratings actions by AM Best, which said today that the record insured losses from the October fires in the wine country north of San Francisco were “within insurers’ risk tolerances”.
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The Insurance Council of Australia (ICA) has declared storms that struck parts of regional Victoria and metropolitan Melbourne on Tuesday a catastrophe.
