-
The ICA has activated its preliminary extreme weather processes to assist in assessing the impact of the flood event. -
France “lead the tally by a significant margin”, followed by the UK, Belgium and the Netherlands, Perils said.
-
Next year will see North Atlantic hurricane activity about 30% above the 1991-2020 30-year norm, according to Tropical Storm Risk.
-
Losses from severe thunderstorms have increased by 7% annually in the last 30 years, according to the Swiss Re Institute.
-
The programme was hit hard by February’s Kahramanmaraş earthquake.
-
The costliest disaster was the southeast Queensland and NSW flooding in February 2022.
-
David Howden, founder and CEO of Howden, said his proposed method of minimising loss is “entirely non-political” and provides guaranteed funds, as well as certainty and the confidence to invest.
-
Most of the industry loss occurred in the UK and was due to flood losses, with limited wind-related losses.
-
The company’s litigation was one of the most high-profile cases relating to Covid-19 business interruption.
-
According to the reinsurer at least EUR275mn will be covered directly by CCR under public reinsurance.
-
The carrier’s combined ratio deteriorated by 10.9 points to 101%.
-
Perils estimated the loss at EU377mn six weeks after the event and at EUR488mn three months after.
