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One source noted that the conflict could be equivalent to several years’ worth of losses to the political violence market.
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The claims count on day 18 of the flooding stands at 118,016.
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The insurer has used up about 40% of its aggregate reinsurance limit, after quota share impacts.
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Insurers have received nearly 107,844 claims relating to the Southeast Queensland and New South Wales floods.
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The flight from volatility could have the industry poised to enter another phase of structural change.
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Claims have reached 67,537 since yesterday’s update.
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The theme of yesterday’s market briefing is that Lloyd’s is now moving into a period of growth, having completed remediation, but it wants smarter, sustainable growth.
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Claims from New South Wales are expected to increase in the coming days, given the flooding emergency in Sydney.
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Insurers will prioritise claims made by affected policyholders, and claims will be triaged to direct urgent assistance to the worst-affected property owners
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This estimate would rank Eunice as the most damaging European windstorm event since Kyrill in 2007.
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The ruling deemed that the restaurant group was entitled to separate payouts for multiple premises.