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Insured losses are likely to more than double year-on-year in 2017 to $136bn, according to Swiss Re's latest Sigma report, making this year one of the costliest ever for catastrophes
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Total estimated insured losses in Florida as a result of Hurricane Irma have now hit $6.56bn, according to the Florida Office of Insurance Regulation (Floir).
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The California Department of Forestry and Fire Protection (Cal Fire) has said the Thomas wildfire, which ranks as the third largest in the state's history, is now 50 percent contained
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Pfizer's $450mn loss notification, as we revealed yesterday, is another piece added to the vast and complex Puerto Rico loss puzzle following the devastation of Hurricane Maria
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Reinsurers look unlikely to achieve a meaningful correction in US property catastrophe reinsurance pricing at 1 January, but will be able to point to a better than expected casualty renewal.
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Markel Catco has increased its fund loss reserves for its Catco Reinsurance Opportunities Fund by 4.4 percent of net asset value (NAV) in response to October's California wildfires.
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Pharmaceutical giant Pfizer has notified its property insurers of a $450mn loss from damage to its Puerto Rico operations following Hurricane Maria, The Insurance Insider understands
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The Thomas fire has grown to 249,500 acres and is now the fourth largest in recorded California history, according to state fire authority Cal Fire
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Political violence insurers are set to pay out around EUR25mn ($29.4mn) to the owners of a Libyan cement plant that was stormed by jihadists in 2016, The Insurance Insider can reveal.
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Florida’s state-backed insurer Citizens has budgeted for an 8 percent increase in its private risk-transfer costs for 2018 in anticipation of a hardening property cat market.
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AIG leads the policy set to pay out after a Qatar Airways plane burst into flames last Friday (8 December), causing a suspected $45mn of damage, The Insurance Insider can reveal
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California’s biggest wildfire had grown to over 237,000 acres by early morning in the Golden State and had consumed over 700 homes, but fire authorities said the Thomas fire was 25 percent contained by then.
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