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Argo Group International Holdings expects pre-tax catastrophe losses of approximately $25 million for the third quarter of this year. Hurricane Florence, Typhoon Jebi and other catastrophe and weather-related events during the three-month period are...

Reinsurers are strong enough to withstand losses from Hurricane Michael and the event is unlikely to be big enough to move the market. That is the view of three rating agencies which commented after the Category 4 storm hit the Florida panhandle area...

This year’s US Atlantic hurricane season is officially the most expensive ever, racking up $202.6 billion in damages since the formal start on June 1. The costs tallied by disaster modellers Chuck Watson and Mark Johnson surpass anything they’ve seen...

Bermudian-based Markel CatCo Investment Management Ltd has raised more than $1.8 billion for its private fund from existing and new investors — and next month it intends to raise more new capital. The island-based company with a focus on collateralis...

With predictions of $100 billion in insured losses, and reports of up to $12.5 billion of ILS capital trapped or lost, the third quarter is shaping up to be one of the most significant in recent years for the insurance industry. That is the view of t...

Aspen Insurance Holdings Ltd expects to take a $360 million hit from natural catastrophes that took place in the third quarter. The Bermudian insurer and reinsurer said $310 million of those losses were related to the three hurricanes that caused dev...

Investors will be lining up to put capital into insurance-linked securities after a year of huge catastrophe losses that will prompt an increase in rates. That is the view of Richard Lowther, chief operating officer of Bermudian-based Hiscox Re Insur...

Reinsurers’ earnings for the year have probably already been wiped out by industry catastrophe losses of more than $100 billion — and their capital could also be hit. That is the view of analysts at S&P Global Ratings, who believe that an improvement...

LOS ANGELES (Bloomberg) – The fires ravaging Northern California stand to leave the area’s renowned wine industry with damage that will be felt long after the final flames burn out. At least four Napa Valley vineyards have been destroyed or significa...

Bermuda market companies are likely to pay out at least $25 billion to cover insured losses resulting from hurricanes Harvey, Irma and Maria. That is the preliminary estimate of the Association of Bermuda Insurers and Reinsurers, which said today tha...

Greg Hagood didn’t have many details to work with last Thursday afternoon. Hurricane Irma wasn’t expected to make landfall in South Florida for another 64 hours. Projections for its path were all over the place, especially considering that a centimet...

Wind-related insurance losses from Hurricane Harvey are unlikely to exceed $6 billion and could end up being below $1 billion in some scenarios, risk-modelling firm RMS said on Friday. The hurricane made landfall in Texas over the weekend as a Catego...