catastrophe losses News
New Hurricane Season Begins as Houston Continues Rebuilding From the Last One
In an empty lot where Vincent Shields' Houston home once stood, he points out properties whose owners were driven out after Hurricane Harvey inundated the region last summer. "On this street there's ...
Alberto Wasn’t Necessarily the Harbinger of a Rough Hurricane Season
Subtropical Storm Alberto kicked off the Atlantic hurricane season a week early, but don't take that as a harbinger of terrible weather. In fact, cooler ocean temperatures are already spurring ...
Allstate’s Net Income Grew in Q1; A Surprise Dip in Auto Accident Frequency Helped
An unexpected decline in auto accident frequency helped The Allstate Corp. soar in its 2018 first quarter, along with lower catastrophe losses. The Illinois-based insurer also credits the Trump tax ...
Chubb Stung by Catastrophe Losses, Net Income Still Steady
Chubb felt the sting of higher catastrophe losses during its 2018 first quarter and a dip in underwriting income, but the insurance giant made a profit and saw its P/C net premiums rise. Net income ...
Travelers, Dinged by High Cat Losses, Reports Otherwise Solid Q1
The Travelers Company's 2018 first-quarter numbers reflect steep catastrophe losses but an otherwise profitable period due to strong results in net premiums written and higher premium renewals across ...
Wildfire Fallout: Everest Re Estimates $100M Q1 2018 Catastrophe Loss
Everest Re Group disclosed it will be dealing with $100 million in estimated catastrophe losses for its 2018 first quarter. California wildfires and related events are to blame. The Bermuda-based ...
Attritional and Catastrophe Losses Hammered Lloyd’s 2017 Results
The Lloyd's market's pre-tax loss of $2.8 billion in 2017 was partly due to hurricanes and wildfires in the third and fourth quarters. But these losses were exacerbated by the continued deterioration ...
Swiss Re CEO Mumenthaler Sees Value in Adding Anchor Shareholder
Swiss Re AG's chief said the reinsurer would welcome an anchor investor after being approached by billionaire Masayoshi Son's SoftBank Group Corp. In a business where results can change radically ...