Losses
Texas Big Freeze: Why are the numbers so far apart?
by Fiona Robertson and James Thaler | February 26, 2021
As some in the market believe the winter claims will remain notably below $20bn, there are multiple factors creating challenges in assessing the event.
Sirius 2020 loss widens more than eightfold to $295mn
by Samuel Casey | February 26, 2021
Foreign exchange losses and a decline in investment income compound an underwriting deterioration.
RSA posts £259mn Covid-19 loss for 2020
by Rachel Dalton | February 26, 2021
The UK and international unit swung to a £73mn loss as RSA took a 25% co-participation on its group aggregate placement.
Perils cuts February 2020 UK winter flood cost to £368mn
by Rachel Dalton | February 26, 2021
The data aggregator puts total 2019/2020 UK winter wind and flood losses at £788mn.
US winter storm losses likely to exceed $10bn: AIR
by Anna Sagar | February 25, 2021
The modeller said it is “likely” that the number of claims could exceed the high of Hurricane Harvey in 2017.
Treaty reinsurers to bear brunt of $350mn Golden Ray dete...
by Samuel Casey and Adam McNestrie | February 25, 2021
The latest loss figure has climbed by more than $300mn in the past year as the pandemic has delayed clean-up operations.
Global Aerospace leads United Airlines and Pratt & Whitne...
by Anna Sagar | February 24, 2021
United Airlines’ all-risks policy could face liability claims, while the Pratt & Whitney policy could see a partial grounding claim.
London property binders braced for complex Texas Big Free...
by Catrin Shi | February 23, 2021
Huge uncertainty reigns over the ultimate size of the loss, the full extent of which will take months to play out.
United Airlines engine failure threatens Pratt & Whitney ...
by Anna Sagar | February 22, 2021
Despite the grounding of multiple Boeing 777 planes, the incident is unlikely to result in another claim from Boeing, sources said.
Uri may lead to record Q1 property cat losses: AM Best
by John Hewitt Jones | February 19, 2021
The ratings agency says it will continue to monitor whether the cat event could affect the rating outlook for any entity.
KCC lifts Texas snowstorm loss to $18bn; warns water dama...
by James Thaler and John Hewitt Jones | February 19, 2021
The veteran risk modeller says claims will be driven by the combination of anomalous temperatures that are well below average in a region unprepared for such a sudden freeze.
Renewable energy market anticipates heavy Texas losses fr...
by Anna Sagar | February 19, 2021
The large number of “unwinterised” assets in the north of the state could lead to a slew of claims.
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