Property
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Hurricanes to wipe out profits for US P&C insurers
US P&C insurers are almost certain to close 2017 in the red after losses from this year’s hurricane season find…
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Rate increases likely as record cat losses take toll
With predictions of record catastrophe losses for insurers in 2017, premium rate increases look increasingly likely in 2018. However, with…
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QBE predicts record loss year for insurance industry and announces $600m hit
2017 is likely to beat all records and become the costliest year in the history of the global insurance industry,…
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Risk managers set for busy time as they tackle claims from recent hurricanes
The recent hurricanes to hit the US and Caribbean will have risk managers poring over policy wordings as they seek…
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Rising evidence that nat cats will force market hardening at January renewals
The recent spate of hurricanes that have battered the Caribbean and US will impact the year-end reinsurance treaty renewals and…
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RMS estimates Hurricane Maria insured losses at $15bn to $30bn
Risk modelling firm RMS has estimated insured losses from Hurricane Maria at between $15bn and $30bn, roughly half the estimated…
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Scor: Capital remains intact after US hurricanes
Global reinsurer Scor said its capital position will remain stable despite the recent string of hurricanes in the US and…
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More than $1.2bn paid to date for Tianjin claims, says CIRC
The Tianjin bureau of the China Insurance Regulatory Commission (CIRC) has revealed that more than CNY8.1bn ($1.2bn) of insurance claims…
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China’s first online-only insurer’s IPO rockets as investors scramble for shares
If anyone in the Asian and international risk and insurance market still doubts that insurtech is the future of the…
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Hurricane Maria loss estimate of up to $80bn, above Harvey and Irma
Hurricane Maria is set to be the costliest of the recent storms that have affected the Caribbean and US for…
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Insured loss estimates for Mexico earthquake up to $2bn
The Puebla earthquake that hit central Mexico last week is estimated to result in insured losses of up to $2bn,…
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Hurricane Irma to cost insurers $35bn to $55bn: RMS
Insured losses from Hurricane Irma are estimated at between $35bn and $55bn, according to the latest report from modelling firm…
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AIR Worldwide updates insured loss estimate for Hurricane Irma to $32bn-$50bn
Hurricane Irma is estimated to cost insurers between $32bn and $50bn, according to more precise figures now available from catastrophe…
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Munich Re issues profit warning following Hurricanes Irma and Harvey
Munich Re is the first big company from the risk transfer industry to publicly state that losses from Hurricane Irma…
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Irma set to cost insurance industry less than initially feared and unlikely to shift market
Insured loss estimates from Hurricane Irma are lower than initially feared, with the latest placing costs at around $25bn. Experts…
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$12.5bn cat bonds exposed to Irma with event set to test market: AM Best
Analysis from AM Best shows that approximately $12.5bn of catastrophe bonds are exposed to Hurricane Irma, with losses from the…
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Hurricane Harvey highlights global insurance protection gap
Hurricane Harvey has exposed the extent of the protection gap across the world, with insured losses from the recent storm…
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Chinese online insurer ZhongAn plans $1bn IPO in HK
China’s first online-only insurer, ZhongAn Online Property and Casualty, has been given the green light to launch an Initial public…
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RMS: Hurricane Harvey to cost insurers up to $40bn
Hurricane Harvey’s insured loss estimates have risen to between $25bn and $35bn and could be as high as $40bn, according…
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Irma and Harvey to hit insurance industry’s earnings but unlikely to shift global market conditions, say experts
Insured US loss estimates from Hurricane Irma have fallen as the storm headed west and reduced to a category 1…