The Lloyd’s market has paid claims worth $1.7bn in response to windstorms Harvey, Irma and Maria.
Improved pricing for London Market insurers in 2018 may not be enough to relieve the pressure on underwriting results from high expenses and lower reserve releases, according to Fitch Ratings.
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Catastrophe loss analysts Perils has pegged the market loss for Ex-Hurricane Ophelia which battered the coast of Ireland, at €60m.
Prices in non-life insurance and reinsurance are expected to increase as a result of the recent nat cat activity across the Atlantic, Swiss Re has said.
MS Amlin owner MS&AD Insurance Group could see losses of over $972m (£734m) as a result of second quarter nat cat losses including hurricanes Harvey, Irma and Maria as well as earthquakes in Mexico.
Generali posted a 9.9% drop in nine-month profits due to a loss on the sale of its Dutch business
The Prudential Regulation Authority has published final rules setting out how it will authorise and supervise insurance special purpose vehicles, which will be used to issue insurance linked securities in the UK.
Munich Re has posted a €1.4bn (£1.2bn) loss for the third quarter as the impact of natural catastrophes in the US and Caribbean take their toll on results.
International cargo theft has a huge impact on the frequency and severity of insurance claims and the problem is increasing.
The insurance industry is worried about the energy sector. This already complicated and fragmented industry is getting more complex, especially with pressure from governments to increase production from renewable sources, just as the risks it faces are…
In the two years since Post last conducted its loss adjusting survey, consolidation has changed the market considerably. Content director Jonathan Swift takes a closer look.
Lloyd’s of London has paid $738m for Harvey, Irma and Maria claims.
Manjit Takhtar, finance director and interim CEO of Charles Taylor Insurance Services, talks about hurricane claims and the role of the business in incubating maanging general agents.
Scor estimates the cost of the Harvey, Irma and Maria hurricanes and the mexico earthquakes at €430m.
Hurricane Nate, the fourth hurricane to make landfall in the US in the past two months, has weakened to a tropical depression.
London market insurer Hiscox anticipates the combined net cost of claims from hurricanes Harvey and Irma to be around $225m (£170m).
Beazley expects to take a $150m (£112m) hit on earnings as a result of hurricanes Harvey, Irma and Maria as well as the recent earthquakes in Mexico.
Lloyd's has suspended the release of first-half profits until it can accurately assess the financial impact of Harvey and Irma, the market's chief financial officer has said.
There has been a long history of conflict between insurers and claimant lawyers. Shirley Woolham, chief operating officer at Minster Law, urges mutual understanding and cooperation.
Industry insured losses for Hurricane Maria in the Caribbean will be between $40bn and $85bn, according to AIR Worldwide.
The third Claims Club meet in 2017 focused on getting claims right through communication and customer service. Terry Renouf, consultant at BLM, explains.
The offshore energy insurance market is “sinking”, the chairman of IUMI's Offshore Energy Committee has warned.
Hiscox anticipates the impact Hurricane Harvey to produce net claims of $150m (£110.6m).