Keyword
loss estimate
August earthquake in Italy expected to cost 34 million euros in property damage, PERILS estimates
October 7, 2016 by Canadian UnderwriterThe initial estimate of the insured property market loss for the damage caused by the earthquake in central Italy on Aug. 24 is 34 million euros, according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The…
Swiss Re reports Q2 combined ratio of 101%, large nat cat losses of US$350M
July 31, 2016 by Canadian UnderwriterSwiss Re Ltd. reported Friday its combined ratio in property and casualty reinsurance deteriorated 8.1 points, from 92.9% in the second quarter of 2015 to 101% in the three months ending June 30, due in part to losses from wildfires…
XL Group’s preliminary loss estimate for nat-Cats in 2016 Q2 US$240 million, Fort Mac wildfires largest loss
July 14, 2016 by Canadian UnderwriterXL Group plc’s preliminary net loss estimate relating to natural catastrophes – including the largest single loss from the Alberta wildfires – is US$240 million for the second quarter of 2016, the company announced Wednesday. This estimate – pretax and…
2015 U.K. storm Desmond loss estimate at 597 million pounds: PERILS
June 3, 2016 by Canadian UnderwriterPERILS AG has revised its loss estimate for the United Kingdom storm Desmond, down again from the previous loss estimate of 662 million pounds to the most current estimate of 597 million pounds. The third loss estimate for the floods…