The renewable energy insurance market is facing a possible $70mn to $80mn loss after hail damaged a solar farm in west Texas in May.
The Abu Dhabi National Oil Company has told its insurers that the physical damage claim from a 2017 fire at its Ruwais refinery is likely to be nearly $2bn.
Swiss Re has revealed it is likely to pay $100mn in claims relating to the collapse and liquidation of tour operator Thomas Cook.
Renaissance Re president and CEO Kevin O’Donnell said claims from Typhoon Hagibis are likely to cost carriers around $15bn.
Axa XL has said that its second-half catastrophe loss bill is likely to be around EUR420mn ($466mn), taking into account a loss estimate for Typhoon Hagibis.
Hannover Re’s P&C reinsurance segment took a significant hit to third-quarter operating profits, as catastrophe losses took their toll.
A steelmaking plant at Nippon Steel’s Kimitsu works is expected to be an 8bn yen (around $74mn) property loss to the commercial (re)insurance market after it was damaged in Typhoon Faxai.
Risk modelling agency RMS has estimated insured losses from Typhoon Hagibis of between $7bn and $11bn, $3bn less than the average figure previously issued by rival modeller AIR Worldwide.
The spate of tornadoes that hit parts of Texas on 20-21 October is expected to cause insured losses of around $2bn, according to the Insurance Council of Texas (ICT).
The renewable energy insurance market is facing a possible $70mn to $80mn loss after hail damaged a solar farm in West Texas in May.
Catastrophe modelling firm AIR Worldwide has estimated insured losses from Typhoon Hagibis in Japan at between $8bn and $16bn.
RMS has pushed up the average loss estimate for damage caused by Hurricane Dorian in the US and the Caribbean after issuing a total loss pick of $4bn-$8bn.
- Load More ...