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PCS puts initial Harvey loss estimate at $15.9bn
22 September 2017
Hurricane Harvey is likely to produce an industry insured loss of $15.9bn, data provider Property Claim Services (PCS) said in its initial survey of claims from the August event, sister publication The Insurance Insider reported… Read more
Allstate suffers $553mn of Harvey losses
21 September 2017
Allstate will incur net losses of $553mn from Hurricane Harvey, the Illinois carrier has forecast… Read more
Everest Re deals among cat bonds with Caribbean exposure
21 September 2017
The Kilimanjaro Re series of cat bonds are among around a dozen deals with exposure to Caribbean hurricane risk, as Hurricane Maria hit Puerto Rico as a Category 4 hurricane… Read more
TSR: Maria tracks away from US
21 September 2017
Tropical Storm Risk shows the track of Hurricane Maria bending away from the US mainland in the next two days… Read more
Sidecar investors on watch as Hannover Re issues profit warning
21 September 2017
Hannover Re has said it may not reach its profit guidance of EUR1bn ($1.20bn) for the third quarter because of further strain put on its catastrophe budget by the Mexican earthquake and Hurricane Maria… Read more
Markel Catco warns hurricanes may cause 2017 loss
21 September 2017
Markel Catco said it had reserved for a 6 percent hit to net asset value in August as a result of Hurricane Harvey, but that it was too early to give an estimate of Irma claims… Read more
RMS puts Irma insured losses at $35bn-$55bn
20 September 2017
Modelling firm RMS estimated that insured losses from Hurricane Irma will range from $35bn to $55bn, including up to $5.5bn of National Flood Insurance Program (NFIP) claims and as much as $20bn in Caribbean losses… Read more
Category 4 Maria makes landfall in Puerto Rico
20 September 2017
Hurricane Maria has made landfall in Puerto Rico at category 4 strength producing winds of up to about 155 mph (249 kph)… Read more
ARC launches epidemic insurance
20 September 2017
The African Risk Capacity (ARC) has launched a new parametric insurance product covering disease outbreaks on the continent… Read more
New Zealand struck by two earthquakes
20 September 2017
A 5.8 magnitude earthquake and a subsequent 5.0 magnitude event struck New Zealand today, hours after Mexico City suffered a 7.1 magnitude tremor… Read more
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