2017 ‘One of Worst’ for U.S. Weather with 15 Events Costing $1 Billion or More December 29, 2017 By Jim Efstathiou Jr. and Brian K. Sullivan In the year that President Donald Trump pulled out of the Paris accord and downplayed global warming as a security...
2017 Hurricane Season Ranks as Costliest Ever for U.S. November 28, 2017 By Brian K. Sullivan This year’s U.S. Atlantic hurricane season is officially the most expensive ever, racking up $202.6 billion in damages since the...
Munich Re Reports Q3 Loss of $1.6B; Tallies Industry Hurricane Losses at $100B November 9, 2017 Insured losses from three big hurricanes in North America this year have cost the industry around $100 billion, German reinsurance...
Lancashire Reports Q3 Loss of $136.4M on High Natural Catastrophe Claims November 2, 2017 Lancashire Holdings Ltd reported a third-quarter pretax loss after what looks set to be the costliest quarter ever for insurers...
Swiss Re Posts $468M 9-Month Loss, Anticipates Re/Insurance Rate Hikes November 2, 2017 By Brenna Hughes Neghaiwi A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from...
Global Re/Insurers Seek Premium Hikes After Costly 3rd Quarter October 27, 2017 By Suzanne Barlyn Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly...
XL Group Q3 Reports Losses in Excess of $1B on Hurricanes Harvey, Irma, Maria October 25, 2017 XL Group reported losses exceeding $1 billion for the 2017 third quarter, blaming Hurricanes Harvey, Irma and Maria for the...
Investors Remain Committed to ILS Market Despite Q3 Catastrophes: WTW October 20, 2017 ILS investors are responding to the recent spate of natural disasters by making their payments to ceding companies, while continuing...
Swiss Re Estimates $3.6B in Claims from U.S. Hurricanes & Mexican Quakes October 20, 2017 By Joshua Franklin Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States...
Zurich Estimates Claims of US$700M from Hurricanes Harvey, Irma & Maria October 19, 2017 Zurich Insurance Group estimates that Hurricanes Harvey, Irma and Maria will aggregate claims in the third quarter of approximately US$700...