RSG adds cat, reinsurance platforms
Wholesale broker Ryan Specialty Group (RSG) has set up a new reinsurance managing general underwriter (MGU) and a new property catastrophe facility...
- Trading Risk / Article / 9 months ago
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Storms begin 2017 cat losses
US tornadoes, a hailstorm in Sydney and European windstorm Egon are among the notable catastrophe losses so far this year. The windstorm that struck France...
- Trading Risk / Article / 2 years ago
- www.trading-risk.com
Perils reduces Eva-Frank losses by 7% to £538mn
Perils has put its latest insured loss estimate for storms Eva and Frank at £538mn ($797mn), down 7 percent from its previous projection. The storms caused widespread flooding in the UK in late December and early January...
- Trading Risk / Article / 3 years ago
- www.trading-risk.com
UN call for closer ties with (re)insurers
UN Secretary General Ban Ki-moon has urged insurers to work with the organisation to better predict and respond to natural disasters...
- Trading Risk / Article / 3 years ago
- www.trading-risk.com
Perils puts final Mike-Niklas estimate at EUR816mn
Industry catastrophe data provider Perils has estimated that the Mike-Niklas windstorm that hit Europe in March 2015 will cost insurers EUR816mn ($912mn)...
- Trading Risk / Article / 3 years ago
- www.trading-risk.com
Thunderstorm, flood and winter perils drive 2015 cat losses
Thunderstorm, flood and winter weather perils accounted for 73 percent of 2015 global insured losses from natural catastrophes, according to Aon Benfield's Impact Forecasting unit...
- Trading Risk / Article / 3 years ago
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UK flood events largely confined to insurance market
AM Best said that UK insurers are unlikely to be able to pass significant flood claims to the reinsurance market, although reinsurers are more exposed to losses due to broader coverage being introduced in the past two years...
- Trading Risk / Article / 3 years ago
- www.trading-risk.com
UK storm Desmond to cost £250mn: AA
The AA estimated that storm Desmond will cost UK insurers some £250mn ($378mn), at the lower end of a previous £250mn to £325mn estimate from PwC...
- Trading Risk / Article / 3 years ago
- www.trading-risk.com
UK flood losses will cost insurers £250mn-£325mn: PWC
UK flood losses from storm Desmond may cost insurers between £250mn and £325mn, PwC estimated. The company's general insurance leader Mohammad Khan said economic losses could reach £400mn-£500mn...
- Trading Risk / Article / 3 years ago
- www.trading-risk.com
Windstorm Niklas costliest Q1 cat: Aon Benfield
Insurers are facing claims of $1bn from the Niklas and Mike windstorms that struck Europe last month, said Aon Benfield. The reinsurance broker's Impact Forecasting modelling unit said this would be the costliest catastrophe loss...
- Trading Risk / Article / 4 years ago
- www.trading-risk.com