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Property reinsurance losses were up by 70% year on year, but property insurance business reported a steeper loss. -
Covid-19 losses accounted for 60% of the major claims, with the rest attributable to catastrophe events.
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Around 15 producing brokers are on the move, with a number from the non-marine specialties team.
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QBE Re has appointed Attilio Tornetta as head of Africa in a bid to grow its treaty hub for the continent.
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Insured losses from severe weather in the central and southern US are expected to reach hundreds of millions of dollars, according to Aon’s Weekly Cat Report.
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Private-public partnerships can provide first-step survival financing if not a full solution for all companies.
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The tally so far comes in far below the broker’s year-ago estimate of $80bn for a twelve-month lockdown.
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The claim from the TASB Risk Management Fund is one of the first pieces of loss information to come to light following the Texas deep freeze.
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Heavy rains have caused the worst flooding in 60 years and resulted in mass evacuations.
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Reinsurance underwriters and brokers anticipate a Japanese renewal largely unaffected by Covid-19 as negotiations continue to focus on payback for 2018 and 2019 typhoon losses.
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Carriers have received around 11,700 claims so far, with disruption to activity at the coal export hub of Newcastle.
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Investment bank partner Tom Deane said that reinsurers would remain crucial to the market and that the beginnings of rebuilding were underway that could reverse some current trends.
