Property

Covid-19 losses accounted for 60% of the major claims, with the rest attributable to catastrophe events.

Around 15 producing brokers are on the move, with a number from the non-marine specialties team.

QBE Re has appointed Attilio Tornetta as head of Africa in a bid to grow its treaty hub for the continent.

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.

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.

Heavy rains have caused the worst flooding in 60 years and resulted in mass evacuations.

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.

Carriers have received around 11,700 claims so far, with disruption to activity at the coal export hub of Newcastle.

The Insurance Council of Australia says carriers have already received 5,000 claims.

Core Specialty will retain some premium and risk on the underlying business before transferring defined natural catastrophe risks to the ILS manager.

Claims from winter storms have exceeded the carrier’s $80mn retention for its property XoL treaty.

The reinsurer accelerates its retreat as part of a new set of targets to achieve net-zero emissions by 2050.