Losses

IAG hailstorm losses to reach occurrence reinsurance trigger

The carrier issued a profit warning as it revised up projected annual cat losses and forecast lower reserve releases.

Willis reports 34% decline in cat losses in 2019 to $53bn

Australian hailstorm claims swell by more than A$100mn in a day: ICA

Aon puts 2019 insured cat losses at $71bn

Further claims take Australian hailstorms to $279mn

The Insurance Council of Australia lifted its claims tally by 27 percent from its initial figure, with aggregate deductibles the main reinsurance exposure to the loss.

Axis takes $140mn Q4 cat loss

The (re)insurer faced increased losses from Hurricane Irma alongside Typhoon Hagibis and wildfire claims.

Australian hailstorm costs put at A$320mn by ICA

The storms will compound wildfire losses and put reinsurers on Suncorp's aggregate covers on watch.

Australian wildfires threaten agg losses

Quota share and aggregate-property cat contracts are under watch as a result of the recent Australian bushfires but occurrence covers will probably remain mostly unscathed, sources expect.

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Losses

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