catastrophe losses News
Munich Re Seeking Rate Hikes Due to Flood, Hailstorms in Germany
Munich Re, the world's biggest reinsurer, said rates in Germany need to rise following this year's floods and hailstorms. "It just took another 10 years to see another centennial flood in Germany," ...
Canada’s Intact Financial Announces $270M Third-Quarter Catastrophe Loss Estimate
Intact Financial Corp on Monday announced estimated third-quarter catastrophe losses, net of reinsurance, of $270 million pretax ($199 million after tax or $1.51 per share). In aggregate, 10 events ...
Chubb Estimates Q2 Cat Losses at $240M
The Chubb Corp. estimates that catastrophe losses in the second quarter will be approximately $240 million before tax, or $156 million after tax ($0.60 per share after tax). The company said that ...