Losses

The incident has prompted the filing of lawsuits over allegations that people were exposed to high levels of Butadiene.

Significant uncertainty remains over the final loss quantum to the property policy.

The consensus is well below earlier fears of $15bn to $16bn of losses.

Per-occurrence wordings on some property policies mean riots could be classed as multiple single events, leading to repeated primary layer hits.

New filings show the InsurTech is expanding far faster than either Lemonade or Metromile but its losses have almost doubled.

Loss deterioration, interest rates and capacity reduction lend weight to reinsurers’ case for rate rises.

The claims are expected to make up less than 1 percent of the industry’s total insured losses of $11bn.

Part of the cost of the disaster will likely fall on a builder’s risk policy written by the two carriers.

(Re)insurers give pricing a lukewarm reception, but placement proceeding smoothly.

The costliest event, Typhoon Hagibis, will generate a near-$60mn hit across two classes of shares.

About 60 percent of the loss stemmed from one weather event in Texas.

The retailer’s QBE-led political risk programme faces record claims.