Operations/tech
-
The firm said its new platform would be “open and flexible”.
-
The overwhelming majority of claims have come out of Bay County, the Florida Office of Insurance Regulation said.
-
The EUR90mn Italian multi-peril cat bond from Unipol will only be partly placed in the cat bond market, sources said.
-
People moves in the industry in the past month.
-
AIR Worldwide put the direct losses from the incident at between $200mn and $600mn.
-
The fund begins reimbursing insurers after industry losses have reached around $7.3bn.
-
This is the final estimate for the cyclone, which hit Europe a year ago.
-
The insurer said the range is consistent with industry insured losses of up to $20bn from the recent blazes. -
The government also said it is exploring the possibility of issuing a cat bond in the near future.
-
The estimate is in line with modelled loss estimates.
-
The modelling firm puts a 1-in-100-year global aggregate catastrophe loss at nearly $271bn.
-
Chubb and Travelers also face losses of around $400mn each should total insured losses hit $10bn, the analyst said.
