All Claims articles
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NewsEverest Re taps AXA XL for new head of claims and COO
Brent Hoffman will join the company as senior vice president, head of Claims and chief operations officer
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Lessons from the Ituango Dam
Colombia’s Ituango Hydroelectric Project highlights the risks and opportunities for reinsurers in Latin America
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CyberCube unpicks the motivations of cyber criminals
State-sponsored actors are among the most significant and concerning to the (re)insurance industry
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Renewables face billions of dollars in Ukraine losses - PCS
Conflict in Ukraine has potential to become an ’industry-defining event’ for the global renewables re/insurance sector
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SCOR: Ukraine and nat cat losses dent Q1 results
The reinsurer has reported a net loss of €80m for the quarter and a combined ratio of 103.7%
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Swiss Re reports $248m Q1 net loss
Results reveal impact from the war in Ukraine, nat cat losses and financial market volatility
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Hannover Re reveals ‘higher than expected’ losses in Q1
The reinsurer’s combined ratio in property and casualty reinsurance increased to 99.5%
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‘Stagflation’ is back, warns sigma
Claims inflation is expected to affect non-life insurers’ profitability in 2022, leading to further market hardening in 2023
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Axis reveals 45% drop in cat reinsurance premium
Rumours of a sale of the firm’s reinsurance arm come as it reduces exposure to catastrophe lines
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Q1 nat cat economic losses reach $32 billion
Quarter was the sixth consecutive Q1 to record more than $10 billion in re/insurance claims
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Marine war, property and aviation exposed to Ukraine losses
With ports closed and commercial shipping activities reduced, less impact on marine liability is anticipated - Miller
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Ukraine drives Q1 losses up to $30 billion - Guy Carp
An active natural catastrophe period combined with the Russia-Ukraine conflict are driving claims severity
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Re/insurers face $10 billion in plane expropriation losses
Aviation underwriters are anticipating their largest annual claim from assets stranded in Russia, warns Fitch
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Surging M&A leads to record claim notifications - Howden
Surging mergers and acquisitions (M&A) across the globe has led to a rise in claim notifications, according to broking organisation Howden.
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Claims from deadly tornados to reach $3 billion
The insured loss estimate from KCC includes damage to residential, commercial and industrial properties
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S.African insurer Santam loses appeal in coronavirus case with hotelier
South Africa’s Supreme Court of Appeal has ruled Santam (SNTJ.J) is liable to cover the impact of COVID-19 restrictions on hotel group Ma-Afrika for 18 months, rejecting the insurer’s request for a shorter time frame on the claim, Santam said on Thursday. Globally, firms like Ma-Afrika have been fighting insurers’ ...
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Swiss Re estimates Hurricane Ida claims at USD 750 million
Swiss Re estimated its preliminary claims burden from Hurricane Ida at approximately USD 750 million[1]. On an industry level, Swiss Re estimated total insured market losses to be in the range of USD 28–30 billion[2].
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Global floods events lead 2021 nat cat tally
Extreme floods in Western Europe in mid-July have generated claims currently estimated at $11 billion
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Davies set to buy Lloyd’s managing agent
Claims organisation Davies has today (8 September 2021) announced the acquisition of third party Lloyd’s managing agency Asta, subject to regulatory approval.
