Natural catastrophes (Nat Cats)
Lloyd’s writes $738m cheque to cover Harvey, Irma and Maria
Lloyd’s of London has paid $738m for Harvey, Irma and Maria claims.
Markel estimates $503m of Q3 natcat losses
Global (re)insurer Markel is expecting $503m (£379m) of pre-tax hurricane and earthquake losses, net of reinstatement premiums, in the third quarter of 2017.
XL Catlin estimates $1.48bn of losses from Q3 natcats
Global insurer XL Catlin is estimating $1.48bn (£1.12bn) of losses from natural catastrophes in the third quarter.
Blog: Counteracting travel risks with enhanced connectivity
As travellers venture further afield and mobile devices touch on all areas of life, Chris Knight, head of corporate services for Cega, asks if travel insurers are missing a trick by not contacting with their customers to offer real-time risk updates.
Scor braces for €430m nat cat bill in Q3
Scor estimates the cost of the Harvey, Irma and Maria hurricanes and the mexico earthquakes at €430m.
Nate makes US landfall, weakens to a tropical depression
Hurricane Nate, the fourth hurricane to make landfall in the US in the past two months, has weakened to a tropical depression.
MS&AD hit by large hurricane losses
Japanese insurance giant MS&AD has announced preliminary loss estimates for the recent devastating US hurricanes and Mexico earthquake.
Top UK insurers 2017
Hit by a negative discount rate, the top 100 UK insurers reported a combined underwriting loss last year. What other challenges has the market faced?
Analysis: Hurricane harm
Hurricane season has caused devastation across the Atlantic but, despite the human death toll, the impact on reinsurers is likely to be limited
2017 catastrophes to hit QBE's profits for $600m
Sydney-headquartered global insurer QBE has updated the market that recent losses in Mexico and the US will have a significant impact on full year profits.
Hiscox forecasts rates rise and $225m in Harvey and Irma claims
London market insurer Hiscox anticipates the combined net cost of claims from hurricanes Harvey and Irma to be around $225m (£170m).
Beazley anticipates $150m hit from Atlantic hurricanes and Mexico earthquakes
Beazley expects to take a $150m (£112m) hit on earnings as a result of hurricanes Harvey, Irma and Maria as well as the recent earthquakes in Mexico.
Lloyd's suspends H1 profit release to take stock of Harvey and Irma impact
Lloyd's has suspended the release of first-half profits until it can accurately assess the financial impact of Harvey and Irma, the market's chief financial officer has said.
Maria industry losses could total $85bn
Industry insured losses for Hurricane Maria in the Caribbean will be between $40bn and $85bn, according to AIR Worldwide.
Capsicum's Chris Hardcastle on the capacity struggle facing MGAs
Managing general agents are popping up all over the place but capacity is coming under pressure. Chris Hardcastle, managing director of Capsicum Delegated Authority, asks if there is enough capacity to go round.
Hiscox estimates Harvey impact at $150m
Hiscox anticipates the impact Hurricane Harvey to produce net claims of $150m (£110.6m).
Harvey highlights insurance penetration shortfall says Aon Benfield
A significant proportion of the flood losses generated by Hurricane Harvey in Texas and Louisiana will be uninsured, highlighting the existence of a global protection gap, Aon Benfield has said.
Reinsurance role at an ‘inflection point’ for disaster relief: WTW CEO
The global reinsurance sector is at an inflection point in how it is utilised by the humanitarian sector, according to Willis Towers Watson’s CEO of capital science and policy.
Catlin calls for industry cooperation on tackling protection gap
Industry veteran Stephen Catlin has called on the reinsurance and insurance sector to cooperate and work together in closing the protection gap.
Prejudice against insurance driving protection gap, says Swiss Re CEO
A lack of understanding of insurance and prejudice against the sector is hampering progress in closing the protection gap said, Swiss Re’s CEO.
Hurricane season highlights need to maintain adequate catastrophe loading, says Lloyd’s
The active hurricane season is a timely reminder for underwriters to maintain discipline and adequate catastrophe loading on rates, Lloyd’s Jon Hancock has said.
Harvey and Irma are not market turners, says Hancock
The financial fallout from hurricanes Harvey and Irma will not be enough to turn the market, according to Lloyd’s performance director Jon Hancock.
Lloyd’s sets sights on underinsured markets: Vandendael
Underinsured markets represent a major opportunity for Lloyd’s, the markets chief commercial officer has said.
Beale calls for ‘urgent’ flood insurance reform
Hurricane Harvey and Irma both highlight the problem of inadequate flood insurance and need for reform in the United States, Inga Beale has said.