Insurers, Reinsurers Tally Maria, Irma, Harvey and Other Disaster Losses

October 10, 2017

  • October 10, 2017 at 10:05 am
    PolarBeaRepeal says:
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    None of the companies posted combined ratio impact projections, which would instantly give some of us a better insight into the impact of the Nat Cats on 2018.

    One thing stands out among these individual company reports, i.e. Munich Re stating they may miss their target numbers for the year. As large as Munich is, it’s surprising they were so greatly exposed to Nat Cats that they’d miss projections in such a scenario as we are currently experiencing. What, if anything, went wrong with their exposure monitors? Did they gamble, knowing the result in such a scenario?

    • October 10, 2017 at 4:04 pm
      Agent says:
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      Polar, please explain what a profi warning is.

      • October 10, 2017 at 10:07 pm
        okt0ber says:
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        Really?

    • October 11, 2017 at 8:32 am
      Doug Fisher says:
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      I doubt they factored in 3 major hurricanes in one year into their projections. They should probably start, however.

      • October 12, 2017 at 4:07 pm
        PolarBeaRepeal says:
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        Ever hear or ERM? I thought not.

    • October 15, 2017 at 4:40 pm
      Tennisman555 says:
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      Munich RE gets hit on direct side and reinsurance side. Reinsurance hit will be greater. Reinsurers typically take a hit on Large CAT years, though some of the treaties have such high retentions, they are not triggered.

  • October 12, 2017 at 5:08 pm
    Rob says:
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    what I don’t understand is how they are claiming direct Hurricane Losses out of there pockets.. since Florida has an extra state run Windstorm Pool that is paid out separately form the normal insurance covered funding.. SO I would like to know where are there Losses coming form ???? or out of ???

    • October 13, 2017 at 8:58 am
      Tennisman555 says:
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      direct pool (Citizens, etc.) is for homeowner policies. Industrial losses paid by insurers and reinsurers

  • October 19, 2017 at 4:48 pm
    Crapastrophic says:
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    I forecast hefty rate increases in the near future for these companies. The cost to purchase additional reinsurance after these losses will not be cheap, especially for coastal areas. Natural disasters just keep on coming. Has there been a year in the past when we’ve experienced this much catastrophic activity or did we just break the record for the world’s most catastrophic year?

  • October 19, 2017 at 4:58 pm
    Observor says:
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    These numbers probably do not include the October Santa Rosa – Napa fires. They would be 4th quarter events. Not worried about reinsurers as much as the regional companies in these areas. The events may reduce capacity in the near future for reinsurer once some investment groups see the risk impact them.



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