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The carrier said a greater number than usual of North Atlantic storms are possible despite El Niño conditions.
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Insurers are messaging that they are able to offset rising reinsurance costs, but will a high-cost tornado season leave them pushing back in the run-up to 2024?
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The syndicate – developed in partnership with Aon – will provide capacity for E&S commercial wildfire risk in California.
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The first quarter of 2023 has already gone down as the costliest on record for the peril in the US.
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Nearly $148mn of the unfavorable reserve development was related to National General, primarily driven by personal auto injury coverages.
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Insurance Insider has gathered data on geographical areas prone to cat events, which are outside of southeastern US states, that keep weather experts awake at night.
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The loss tally comes in 39% above the average for the 21st century.
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The case is the latest in a steady flow of legal disputes relating to business closures during the pandemic.
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The utility previously bought a $1bn policy from the (re)insurance market.
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The Mexican state-owned oil company has been the source of several large energy claims.
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The state of Texas in particular has experienced an unusual amount of severe weather.
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The economic loss, including damage to public infrastructure, is expected to hit EUR9bn.