-
Tokyo is among some of the prefectures worst hit by Typhoon Trami, RMS said.
-
The six typhoons in Japan this year could weaken the creditworthiness of the country’s three insurance giants.
-
Ryan Specialty Group (RSG) is targeting a first-quarter 2019 launch for its mooted rated reinsurer, sister publication The Insurance Insider reported.
-
Modelling firms have put an average $3.8bn loss estimate on private market claims from Hurricane Florence.
-
Reinsurers have tipped cyber risks as an area of potential growth for the industry but noted concerns about how to manage aggregate exposures.
-
Conservative initial loss picks may have helped limit adverse development from the 2017 hurricanes, according to JLT Re.
-
The city of Osaka sustained most of the losses.
-
The National Hurricane Center predicted catastrophic freshwater flooding as the eye of the hurricane touched down at Wrightsville Beach.
-
The storm is expected to produce storm surges of up to 7 m in coastal areas, the Philippines government said.
-
Florence will cause between $3bn and $5bn in insured wind and storm surge losses, CoreLogic estimated.
-
The analyst estimated the continental (re)insurers are each on course to take 5% of losses from the Category 2 hurricane heading for the Carolinas.
-
A change of ownership is envisaged comfortably before year-end, it is understood.