BP Evacuates Staff from 4 Gulf of Mexico Oil Platforms as Tropical Storm Zeta Intensifies October 26, 2020 BP on Sunday said it has begun to evacuate four offshore U.S. Gulf of Mexico oil platforms and secure facilities...
Everest Re Estimates Third Quarter 2020 Catastrophe Losses of $300 Million October 23, 2020 Everest Re Group Ltd. is estimating pre-tax net catastrophe losses of $300 million for the third quarter 2020. The estimate...
Argo Group Estimates $71M in Catastrophe, COVID Losses During Third Quarter October 22, 2020 Argo Group International Holdings Ltd. announced that its results for the third quarter of 2020 will be adversely affected by...
Munich Re Reports €800M of COVID-19-Related Losses During Q3 October 21, 2020 Munich Re reports approximately €800 million (US$935 million) in COVID-19-related losses in reinsurance during the third quarter. The losses were...
Tropical Storm Epsilon Grows in Strength as It Heads Toward Bermuda October 20, 2020 By Brian K. Sullivan Tropical Storm Epsilon has formed in the central Atlantic and will move northwest, probably growing into a hurricane as it...
Insurance Losses for April’s Queensland Hailstorms Estimated at A$604M: PERILS October 19, 2020 The insurance industry’s loss footprint for the April 2020 Central Queensland hailstorms is estimated at A$604 million (US$423.2 million), according...
AXIS Capital Estimates Q3 Pre-Tax Catastrophe Losses of $225M-$255M October 14, 2020 AXIS Capital Holdings Ltd. announced a preliminary pre-tax net loss estimate in the range of $225 million to $255 million...
Arch Capital Group Estimates Q3 Natural Catastrophe Losses of $190M-$210M October 14, 2020 Arch Capital Group Ltd. estimates its pretax third quarter natural catastrophe losses could range from $190 million to $210 million....
RenaissanceRe Estimates Net Negative Impact of $325M from Q3 Natural Catastrophes October 14, 2020 RenaissanceRe Holdings Ltd. announced it estimates that natural catastrophes during the third quarter of 2020 will have a net negative...
Tropical Storm Nangka Forces Suspension of Markets in Hong Kong October 13, 2020 By Dominic Lau and Richard Frost Hong Kong scrapped trading of stocks and bonds Tuesday after tropical storm Nangka prompted authorities to shutter businesses and close...