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The (re)insurer has been reorienting itself away from writing property cat. -
The loss aggregator pegged the loss figure at A$791mn in its initial claim estimate.
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The broker found that the insured-loss figure for 2022 was nearly 60% higher than the annual average over the 21st century.
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The world’s largest investment company has assets under management of more than $10tn.
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Total economic losses are likely to be between $5bn and $7bn.
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The company's portion of net written premiums from Fidelis is expected to be around $550mn to $600mn for the full year.
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The 17% uplift in its retention comes as reinsurers push for higher attachments.
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The regulator examined carriers’ ability to model nat-cat and cyber events, with mixed results.
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The non-profit initiative will broaden to include cyber and casualty after successful tests on property reinsurance placements.
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Louisiana governor John Bel Edwards, state insurance commissioner Jim Donelon, and legislative leadership are in discussions about a potential special session.
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This takes its ex-Florida cat losses since the start of its reinsurance annual risk period in April above $2bn.
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The Ontario and Quebec derecho was the most severe weather event for Canada in 2022, causing C$1bn worth of losses.
