Hurricane

The Colorado State University experts had previously questioned whether an active period which began in 1995 had ended.

Everest, Swiss Re, Aspen and other reinsurers were accused by Integrand of delaying payment of claims from Irma and Maria.

The association has increased its ultimate loss figure for Hurricane Harvey to $1.7bn, up from its May estimate of $1.61bn.

Varying levels of Japanese exposure led to a wide range in individual fund returns.

The agreement would provide JP Morgan with equity in Scor in the event of a major disaster, or if the carrier’s share price falls below EUR10 in the next three years.

The typhoon is expected to reach Category 3 status by Tuesday local time, but the ILS cover is geared towards payouts for even stronger events.

It used to be called “diworsification” – a phrase coined by Dowling analysts that took hold and became the industry's standard jargon for low-priced international catastrophe risk back around 2011.

Nippon Steel is expecting to cede an 8bn yen property loss to the commercial (re)insurance market.

Axis said the range was consistent with expectations that it would take on less than 1 percent of industry-wide claims from the catastrophe.

The reinsurer said use of third-party capital will limit its net retentions while permitting overall growth.

The General Insurance Association of Japan also announced 235,225 claims have been paid out for Typhoon Hagibis.

A long-running inquiry is looking at proposals to set up a public cyclone reinsurance scheme to mitigate affordability concerns.