-
The year broke a number of records in terms of insured losses.
-
The full-limits loss on the placement has raised alarm as a stark example of the impact social inflation in the US is having on claims severity.
-
A further £51mn of claims were fully settled in the month to 5 January, per the latest release of data.
-
The Swiss bank is trying to recoup money for investors in its supply-chain finance funds.
-
Fire season in the US ran slightly later than usual in 2021, but total losses will fall far short of 2017-18 peaks.
-
The year saw a substantial uptick in natural disaster losses compared with 2020 and 2019.
-
Inflationary pressure and climate change meant the market effectively gave ground to cedants despite nominal price rises.
-
A heavy snowfall helped to bring the major conflagration under control.
-
The fires are being fanned by winds of up to 115mph around the towns of Superior and Louisville.
-
The country’s insurance industry is also contributing to a flood relief fund.
-
Extreme flooding combined with hailstorms led to Germany’s worst loss year since records began in 1970.
-
Jefferies’ report shows that cat losses have been spread across a broader range of perils and regions this year.