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It is the first flood model found acceptable by the commission under the latest standards

Aon report says protection gap of 69 per cent highlights the urgency to expand coverage

Insured losses from Winter Storm Elliott are estimated to be $5.4 billion across 42 US states, a leading catastrophe risk modelling organisation has said. Karen Clark & Company said its winter storm event brief is based on the high-resolution KCC US ...

A wholly owned subsidiary of Bermudian-based insurer Enstar Group Limited has closed a previously announced agreement for a ground-up loss portfolio transfer with island-based Aspen Insurance Holdings Limited and its subsidiaries for their 2019 and p...

The hits just keep on coming for Credit Suisse, with an announcement of an anticipated first-quarter loss for the bank, after taking a $210-million charge for exposure to the Russia-Ukraine war. This, some weeks after stating that it had to reserve s...

Estimates for ultimate insurance and reinsurance losses for the Russo-Ukraine war are already rising above $20 billion and could become the largest political violence loss in history. This, from data provider PCS which is part of Verisk Analytics, pr...

The extreme-event modelling company AIR Worldwide (AIR) has released its 2021 Global Modeled Catastrophe Losses report, detailing key global financial loss metrics based on its latest suite of models that reflect the near-present climate risk. AIR e...

RenaissanceRe Holdings Ltd has estimated that losses from certain catastrophe events earlier this year will have a net negative impact of approximately $725 million on the company’s third-quarter 2021 results of operations. This estimate is primarily...

Bermuda (re)insurers paid out $209.6 billion to United States policyholders and cedants for large catastrophes, property and casualty losses and life insurance claims during the five-year period from 2016 to 2020. This is according to commercial mark...

Risk Management Solutions Inc, the catastrophe risk solutions company with a Bermuda office, has estimated that insured losses from the flooding in western and central Europe during July will likely range between $6 billion and $7.7 billion. RMS said...

Bermuda-based re/insurers estimate they will incur gross claim losses of $2.7 billion as payments to United States policyholders/cedants to cover the damaging effects of Winter Storm Uri, which wreaked havoc in the southern region of the US, particul...