-
The insurer also dropped attachment points on its covers after cutting back its gross limits. -
So far 15,571 claims have been lodged as a result of the catastrophe.
-
-
A diverse loss year produced steeper wildfire and typhoon losses than initially estimated.
-
Leveraging data can make risk more transparent for investors, said Ledger’s CEO Samir Shah.
-
The increase represents a 4 percent deterioration to its 2017 annual loss, pushing it out to 61 percent.
-
The insurer recouped A$7mn ($5.0mn) from reinsurers under its aggregate protections.
-
Overall cat bond losses are in line with modelled expectations but more claims have come from non-core perils than expected, Lane Financial analysts suggested.
-
The insurance premium on the EUR45mn ($51.5mn) Italian multi-peril Atmos notes settled 12.5 percent above initial median targets.
-
Perils said the Sydney event was likely to rank as one of the largest Australian hailstorms on record.
-
Hurricane Michael generated a larger loss for the carrier than 2017’s Irma.
-
The Luxembourg entity will provide trading continuity for its ILS and weather derivatives business after Brexit.
