catastrophe losses News
W.R. Berkley CEO: Cat Losses Will Force Carriers to Rethink Market Priorities
In light of hurricanes and earthquakes in the 2017 third quarter that left insured catastrophe losses likely surpassing $100 billion, W.R. Berkley Corp. President and CEO Robert Berkley Jr. said he ...
Chubb CEO Greenberg: Q3 Catastrophe Hits ‘Within Our Tolerance for Risk’
Chubb, like many insurers and reinsurers, took significant catastrophe loss-hits from the hurricanes and earthquakes that struck in August and September. But the insurer kept overall net losses to ...
Global Insurers Will Seek Rate Hikes After Historic, Catastrophic Q3
Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in ...
Munich Re Expects a 2017 Profit Despite Q3 Hurricane Hits
Munich Re expects claims of €2.7 billion ($3.2 billion) from Hurricanes Harvey, Irma and Maria, which will lead to a third quarter loss of €1.4 billion ($1.64 billion). The group said it expects ...
A Now-Familiar Refrain: Hurricanes, Earthquakes Hammer Q3 AXIS Results
AXIS Capital Holdings said its 2017 third quarter would have been a good one if not for Hurricanes Harvey, Irma and Maria, and two Mexico earthquakes. With the three massive natural catastrophe ...
The Hartford, Slammed by Hurricane Losses, Still Makes a Q3 Profit
Hurricanes slashed The Hartford's 2017 third quarter net income nearly in half compared to the same period a year ago. The property/casualty insurer's commercial lines and personal lines combined ...
Swiss Re Sustains $3.6B Hit From U.S. Hurricanes and Mexico Quakes
Swiss Re, the world's second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in ...
Zurich Reports $700M in Estimate Pre-Tax Claims From Harvey, Irma and Maria
Zurich Insurance Group said it property/casualty business will deal with approximately $700 million in pre-tax losses for Q3 relating to Hurricanes Harvey, Irma and Maria. The number is also net of ...