Insurance Covered $90B of Natural Disaster Losses in 2018, Leaving 60% Protection Gap January 22, 2019 The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of...
Argo Estimates Losses from Q4 Natural Catastrophes, Other Claims to Hit $44M January 18, 2019 Argo Group International Holdings, Ltd., the Bermuda-based re/insurer, announced a preliminary pre-tax catastrophe loss estimate of $32 million for the...
Severe Weather in Canada Cost Insurers C$1.9 Billion in 2018: IBC January 17, 2019 Insured damage from severe weather events across Canada reached C$1.9 billion (US$1.4 billion) in 2018, according to the Insurance Bureau...
Final Insured Losses for Europe’s Storm Friederike/David Estimated at €1.7B: PERILS January 17, 2019 The final loss estimate for Extratropical Cyclone Friederike, also known as David, reached €1.672 Billion ($1.906 billion), according to PERILS,...
Multiple Smaller Natural Disasters in 2018 Created ‘Unusual’ Insured Loss Picture: Willis January 16, 2019 Insured loss estimates from major natural catastrophes in 2018 totaled roughly $71.5 billion, the highest since 2011’s annual market losses...
Swiss Re Estimates Its Q4 Natural Catastrophe Claims to Hit US$1.0B January 15, 2019 Swiss Re estimates it will pay claims of approximately $1.0 billion for natural catastrophes booked in the fourth quarter of...
Indonesia Rattled by More Than 11,500 Quakes in 2018 January 14, 2019 By Eko Listiyorini Indonesia was rattled by more than 11,500 earthquakes last year, almost double the annual average of the past decade, according...
Jan. 1 Renewals Saw ‘Muted Impact’ from 2018’s Catastrophes: Guy Carpenter January 14, 2019 The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the...
Arch Capital Estimates Q4 2018 Catastrophe Losses Could Total $130M January 11, 2019 Arch Capital Group Ltd. reported an estimated range of fourth quarter pre-tax losses of $110 million to $130 million from...
Global Reinsurance Capital Is Resilient Despite Losses of $230B over 2 Years: Aon January 11, 2019 By L.S. Howard Global reinsurance capital – comprising traditional and alternative capital – fell 2 percent in 2018 to US$595 billion from $605...