Hurricane Sandy
QBE scales back profit margin estimates as Sandy losses swell
Global insurer QBE has estimated its insured losses from super storm Sandy will be between £220.4m ($350m) and £283m ($450m).
Catlin GWP grows 11% as Sandy-hit New York office remains closed
Catlin reported an 11% increase in gross written premium to $4.08bn in the nine months to 30 September 2012 compared with the same period in 2011 (9m 2011: $3.68bn).
Crawford & Co staff homeless after Sandy
Up to 660 Crawford & Company employees have been affected by superstorm Sandy, including nine people whose homes were destroyed.
Novae insurance income to dwarf reinsurance earnings
Novae Group's investment returns grew by £6.5m to £22.1m for the first nine months of 2012, but gross written premiums remained flat at £510.6m (2011: £516.4m).
New Yorkers to fall victim to second storm in less than two weeks
New York residents could be told to evacuate the city for a second time this month as winter storm Athena makes its way to the same areas battered by Sandy last week.
Post magazine - 8 November 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Editor's comment: Testing our mettle
US voters were still heading to the polls as Post went to press. But with many north eastern states operating makeshift polling stations and still without electricity a week after superstorm Sandy made landfall, the closely fought election was shaping up…
'Crippled infrastructure' hampers Sandy recovery
Assessing the scale of devastation wrought by Superstorm Sandy has been hampered by disruptions in fuel supply, communications and power, according to insurance firms on the ground.
Munich Re: Sandy to drive up property insurance prices
Munich Re's reinsurance operation produced a Q3 operating result of €1.2bn (Q3 2011: €665m) and premium income of €7.5bn (Q3 2011: €6.5bn).
Munich Re estimates Sandy losses close to £400m
Munich Re has estimated its share of the losses from superstorm Sandy at the "mid three-digit million" euro range, despite the high number of individual losses making it difficult to assess the extent of the damage.
Second storm system set to hit New Jersey and New York
More US east coast disruption expected to hamper recovery efforts following superstorm Sandy.
Too early for Sandy loss estimates, says Hiscox
Hiscox chief executive Bronek Masojada has refused to be drawn on loss estimates following the release of the insurer's results for the nine months ending 30 September.
Earnings in 2012 to boost insurers' resilience to Sandy, says S&P
Strong results to date in 2012 are likely to cushion the impact of Sandy on insurers and reinsurers, according to ratings agency Standard and Poor's.
Post Blog: When Greg met Sandy
As superstorm Sandy created havoc across the eastern seaboard, Greg Gladwell, CEO UK & Ireland at Crawford & Company, found that his holiday in New York was not going to plan.
Editor's comment: Keeping cool in a crisis
In one sense it is heartening to witness the global insurance industry’s calm and confident composure in the wake of 'superstorm' Sandy.
Analysts predict 'superstorm' Sandy will strike primary insurers hardest
Lloyd's will avoid major losses relating to 'superstorm' Sandy, if early estimates that the primary insurers will absorb the bulk of the losses are correct.
Post magazine - 1 November 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Caribbean cat risk report issued on Sandy
The Caribbean Catastrophe Risk Insurance Facility has issued a risk report after two of its members, Jamaica and the Bahamas, were hit by tropical cyclone Sandy.
"Largest Atlantic hurricane on record" could bring losses of up to $15bn, warns AIR
Insured losses from Sandy to onshore properties in the US will be between $7bn and $15bn, AIR Worldwide has estimated.
Sandy heading for Pennsylvania and Canada
After making landfall on the east coast on Monday night, post-tropical cyclone Sandy is forecast to head towards Canada via Pennsylvania and New York State.
Sandy wreaks havoc in New York subway
The New York subway faces unprecedented challenges after flooding caused by post-tropical cyclone Sandy.
Law firm warns of Sandy coverage gaps
Insurers may struggle to define causes of damage following Sandy's landfall in New York, while the duration of the storm could limit reinsurance cover.
Primary insurers to bear brunt of Sandy, says Fitch
Losses related to Hurricane Sandy will be largely borne by primary insurers, according to Fitch Ratings.
Hurricane Sandy devastates US east coast
Hurricane Sandy left at least 16 people dead and six million without power last night as it made landfall on the US east coast.