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Aggregation is the main issue in the landmark case brought against MS Amlin, Zurich and Liberty Mutual. -
The east coast of the country was struck by severe rainstorms earlier in the year.
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The varying treatment of the flood losses raises questions over how the industry should define flood events.
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The ratings agency said the National Insurance Trust Fund had begun to receive claims from primary insurers.
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The loss aggregator pegged the event at EUR3.3bn in its first estimate in March.
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Group chief accounting officer Erick Fernandez will step in as an interim.
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Piraeus Bank bought the action against Antares over the detention of a vessel in Venezuela in 2015.
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The Supreme Court ruling over BI coverage early last year has not put a stop to BI litigation over Covid losses.
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The Ukraine-Russia crisis has thrown both the science and the art of reserving into light.
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The scale of the claim deals a substantial blow to the subsection of the energy market, but is not as large as first feared.
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Up to 50% of the carrier’s war loss stems from aviation, where litigation brews.
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The lessor is attempting to recover $25mn from UniCredit relating to aircraft in Russia after it already recouped $25.4mn from other creditors.
