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As insurers brace for potential claims from the Las Vegas shooting last month, it has emerged that AIG leads the MGM Resorts International excess casualty tower and also has a significant participation on the cover bought by entertainment company Live Nation.
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Canopius' HIM numbers took us by surprise yesterday. Its (soon to be former) parent company Sompo revealed the Lloyd's managing agent would shoulder a burden of $190mn from the three hurricanes, along with a small loss relating to the Mexican earthquakes.
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More evidence of Lime Street's above-market exposure to third quarter cat events has emerged after Sompo investor material showed Lloyd's business Canopius took net losses of 21.6bn yen ($190mn) from hurricanes Harvey, Irma and Maria.
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Catastrophe risk modelling group RMS has suggested that insured losses from Hurricane Maria could be lower than some observers had feared as it reiterated its forecast loss range of $15bn to $30bn
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Adjusted profit at Sompo fell 62 percent year-on-year in the six months to 30 September as claims incurred from the North American hurricanes pushed its international insurance operations to a loss.
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The catastrophe losses that have plagued the (re)insurance industry in the third quarter pushed PartnerRe to a $113mn operating loss for the period.
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Allstate has estimated that it incurred pre-tax catastrophe losses of $516mn in October
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First came the fear, then the relief and then, arguably, a creeping complacency
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Extratropical cyclone Xavier is expected to cause EUR291mn (343mn) in property damage, according to an initial loss estimate by catastrophe data aggregator Perils.
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Lloyd's Names-backed syndicates' profit expectations for the 2016 year of account (YoA) have slipped since mid-year, according to updated forecasts from the Corporation
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The Insurance Insider's US specialty composite recorded a third quarter operating loss on equity as all the companies in the group absorbed major claims from the period's catastrophe events
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Caribbean insurer Nagico is expecting gross losses of $400mn from Hurricane Irma and $150mn from Hurricane Maria following loss adjuster assessments.
