All Turkey articles
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NewsResults comparison: solid Swiss Re result just short of Munich’s combined ratio
Swiss Re’s P&C combined ratio was 97.2% for the first quarter, slightly less profitable than the 86.5% posted by German rival Munich Re; both reinsurers had higher than anticipated cat losses, driven by Turkey’s earthquakes.
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NewsHannover Re Q1 profit on track to meet 2023 target
Third largest reinsurer announces quarterly profit of €484m and a combined ratio of 92.3% on its property and casualty business.
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NewsPERILS pegs insurance losses from Turkey quake at $3.5 billion
A study by Koç University has put the economic losses in Turkey in the range of $70 billion to $87 billion
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NewsDWIC 2023: Middle East facing unique catastrophe challenge
Gas and oil activity linked to increased earthquake risk across the region
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NewsTotal Turkey quake claims will exceed $5 billion - RMS
These loss estimates reflect the impact of the earthquakes in Turkey only; losses in Syria are not included
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NewsKCC pegs Turkey quake claims at $2.4 billion
Total economic property losses from the M7.8 and M7.5 earthquakes are expected to be close to $20 billion
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NewsTurkey insurance losses likely to be borne by reinsurers
Claims could potentially reach $1 billion, with total economic losses over $4 billion, says Fitch Ratings
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NewsTürkiye quakes to cost an estimated $1 billion
Devastating earthquakes will add to an already challenging operating environment for Turkish re/insurers, warns AM Best
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NewsRMS: Turkey earthquake largest in 84 years
Tragedy is a reminder that resilience is the main defense against such powerful seismic events
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NewsBMS launches operations in Turkey
The new company will focus on specialty lines where the team has identified opportunities, together with facultative and treaty reinsurance services, supported by the Group’s hubs in London and elsewhere.
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NewsAviva to exit Turkey
The transaction is expected to complete this year, but is subject to closing conditions and regulatory approval
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NewsFitch: Turkish Insurance Ratings Under Pressure Despite Profitability
Turkish insurers’ Insurer Financial Strength ratings are under pressure from the Negative Outlooks on the Turkish sovereign and Turkish banks’ ratings, Fitch Ratings says in a new report