Insured losses stemming from the wildfires that swept through Swedish forests from May to July have been estimated at 800mn kronor ($87mn).
Losses taken by Lloyd’s syndicates have deteriorated by an additional £400mn ($508.4mn) for the 2017 year of account (YoA) over the past three months, as claims from hurricanes Harvey, Irma and Maria continue to creep.
The construction (re)insurance market fears a loss from the Safi power plant in Morocco could be in the region of $200mn-$250mn, after a fault delayed completion of the coal-fired facility.
Only a few months after the gutting of Glasgow’s historic School of Art, set to cost the market in the region of £100mn, property (re)insurers are facing a similar large loss after the devastating fire to Belfast’s Banks Building.
Swiss Re’s beleaguered primary division, Swiss Re Corporate Solutions (SRCS), is facing a significant claim as a result of the recent devastating collapse of the Morandi bridge in Genoa, Italy, resulting in the loss of 39 lives.
Catastrophe modelling firm AIR Worldwide has estimated that industry-wide insured losses from the flooding in western Japan last month are likely to cost 284bn-423bn Japanese yen ($2.6bn-$4bn).
Man-made related claims fell by a sizeable 60 percent during the first half of the year to some $2bn (H1 2017: $5bn), according to the latest analysis from Swiss Re’s Sigma unit.
A collision between a fuel tanker and a lorry on a northern Italian motorway yesterday (6 August) resulted in a fire and explosion that is believed to have killed two people and injured more than 60.
Insured losses from natural catastrophe events in H1 2018 were down some 33 percent year on year at $17bn (2017: $25.5bn) – close to the 30-year average of $17.5bn, according to analysis by Munich Re.
The construction (re)insurance sector is expected to absorb the extensive rebuilding costs for the Glasgow School of Art, one of the UK’s iconic buildings.
Fac market losses as a result of recent damage to Colombia’s Ituango dam could be significant given the expected scale of the problem.
AIG could be facing a substantive property loss following a massive fire at the five-star Mandarin Oriental Hotel in London’s Knightsbridge last month.
- Load More ...