Nagico counts cost of hurricane season
Caribbean insurer Nagico said its gross loss from two devastating Carribean hurricanes is around $550m (£419m) but said the losses were "within" its reinsurance program.
In a statement, Nagico, which is 50% owned by reinsurer Peak Re, commented: “Almost two months later, having had international independent loss adjusters assess the majority of the loss locations, we
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Reinsurance
Insurers struggle to fill IT and data job vacancies laid bare
Roles that are critical to core insurance operations are still heavily concentrated in London, plus providers are struggling to fill their IT and data roles, data analysis produced by Michael Stefan, partner at executive recruitment firm Hanover, has revealed.
Closing Europe’s natural catastrophe protection gap
Trade Voice: Typhaine Beaupérin, CEO of the Federation of European Risk Management Associations, appraises recent proposals for a continent-wide scheme to boost the provision of natural catastrophe cover.
What the future holds for multi-storey property insurance
One year on from the launch of the Fire Safety Reinsurance Facility, Scott McGee examines if it has improved access to cover and if efforts to remove cladding are enough to reduce the price of buildings insurance on a long-term basis.
ABI Fire Safety Reinsurance Facility’s impact revealed
One year on from the launch of its Fire Safety Reinsurance Facility, the Association of British Insurers has provided an update on its impact.
Pool Re reduces taxpayers’ exposure to UK terrorism risk
Pool Re has completed the placement of a new retrocession programme, shifting more of the financial risk arising from acts of terrorism away from taxpayers and back to the private market.
