A powerful storm hit Ireland and Northern Ireland yesterday leaving a trail of damage and three dead before reaching England, Scotland and Wales today.
Lloyd’s of London has paid $738m for Harvey, Irma and Maria claims.
Global (re)insurer Markel is expecting $503m (£379m) of pre-tax hurricane and earthquake losses, net of reinstatement premiums, in the third quarter of 2017.
Global insurer XL Catlin is estimating $1.48bn (£1.12bn) of losses from natural catastrophes in the third quarter.
As travellers venture further afield and mobile devices touch on all areas of life, Chris Knight, head of corporate services for Cega, asks if travel insurers are missing a trick by not contacting with their customers to offer real-time risk updates.
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.
Japanese insurance giant MS&AD has announced preliminary loss estimates for the recent devastating US hurricanes and Mexico earthquake.
Hit by a negative discount rate, the top 100 UK insurers reported a combined underwriting loss last year. What other challenges has the market faced?
Hurricane season has caused devastation across the Atlantic but, despite the human death toll, the impact on reinsurers is likely to be limited
Sydney-headquartered global insurer QBE has updated the market that recent losses in Mexico and the US will have a significant impact on full year profits.
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.
Industry insured losses for Hurricane Maria in the Caribbean will be between $40bn and $85bn, according to AIR Worldwide.
Managing general agents are popping up all over the place but capacity is coming under pressure. Chris Hardcastle, managing director of Capsicum Delegated Authority, asks if there is enough capacity to go round.
Hiscox anticipates the impact Hurricane Harvey to produce net claims of $150m (£110.6m).
A significant proportion of the flood losses generated by Hurricane Harvey in Texas and Louisiana will be uninsured, highlighting the existence of a global protection gap, Aon Benfield has said.
The global reinsurance sector is at an inflection point in how it is utilised by the humanitarian sector, according to Willis Towers Watson’s CEO of capital science and policy.
Industry veteran Stephen Catlin has called on the reinsurance and insurance sector to cooperate and work together in closing the protection gap.
A lack of understanding of insurance and prejudice against the sector is hampering progress in closing the protection gap said, Swiss Re’s CEO.
The active hurricane season is a timely reminder for underwriters to maintain discipline and adequate catastrophe loading on rates, Lloyd’s Jon Hancock has said.
The financial fallout from hurricanes Harvey and Irma will not be enough to turn the market, according to Lloyd’s performance director Jon Hancock.
Underinsured markets represent a major opportunity for Lloyd’s, the markets chief commercial officer has said.