Losses

Social inflation has come under sustained focus in recent months amid a sudden rise in jury awards.

Fourth-quarter cat exposure significantly reduced by potential for recoveries.

The carrier’s results deteriorated this quarter after reserve strengthening in liability lines.

The Hannover Re executive predicts stronger rate growth in the US.

There are questions on whether the four European reinsurers will continue to expand their top line as conditions improve

There is little expectation that reinsurers will be able to push European cat pricing at 1.1.

Two-third of California carriers, including Farmers, Travelers, and State Farm, have agreed to the extension relating to the 2017 blazes.

The losses relate largely to Hurricane Dorian and tropical storms Barry and Imelda.

AIG is likely to have exhausted its $550mn Japanese reinsurance cover after typhoons Faxai and Hagibis.

The losses are not expected to trigger the carrier’s reinsurance cover.

The reinsurer expects to take a $100mn charge from Faxai and assume $55mn of Dorian liabilities.

Dorian is estimated to have caused $160mn in claims for NYSE-listed (re)insurer.