Hurricane
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Markel has estimated its Q3 catastrophe losses at $503mn net of reinsurance, following hurricanes Harvey, Irma, Maria and the Mexican earthquakes.
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Property Claims Services has said that its initial claims toll for Hurricane Maria from US territories is $21.89bn, Trading Risk understands
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XL Group said it would take $1.48bn of pre-tax catastrophe losses in the third quarter, net of "meaningful" reinsurance recoveries.
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Florida domestic insurers will need to raise capital after Hurricane Irma hit the state this year, although a panel of experts said they were not expecting widespread solvency problems, speaking today at the Trading Risk New York conference.
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Florida domestic insurers will need to raise capital after Hurricane Irma hit the state this year, although a panel of experts said they were not expecting widespread solvency problems, speaking today at the Trading Risk New York conference.
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The Bermudian (re)insurance market is to absorb at least $25bn of the $100bn losses linked to Hurricanes Harvey, Irma and Maria, the Association of Bermuda Insurers and Reinsurers (ABIR) has said.
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Universal Insurance Holdings forecast its gross losses from Hurricane Irma would fall between $350mn to $450mn, but after reinsurance it will take a net pre-tax loss of just $35mn.
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Validus said it would take $378.9mn of losses from third-quarter catastrophes, including $35.8mn from its share of AlphaCat portfolios.
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AIG said it would take net losses of as much as $3.1bn from the 2017 hurricanes as each loss fell short of attaching its main North American catastrophe reinsurance cover.
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Hurricane Nate will lead to insured losses of $500mn, modelling firm Karen Clark & Company (KCC) said in a statement released today
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Lancashire has said that its net losses from Hurricanes Harvey, Irma and Maria, and recent Mexican earthquakes could reach from $106mn up to $212mn
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Scor's retrocession arrangements have reduced Scor's gross losses for HIM and the Mexican earthquakes by 44 percent, equity analyst Jefferies has said based on Scor's recent loss update.