The Category 5 hurricane smashed into the French Caribbean island and is heading for the British Virgin Islands.
The Caribbean Catastrophe Risk Insurance Facility has made a $13.6m payment to the Turks & Caicos Islands following on from Hurricane Irma, taking its total exposure from the catastrophic storm to almost $30m.
The Insurance Council of Texas has estimated insured losses from Hurricane Harvey in Texas to be $19bn, with the majority of losses stemming from claims made to the National Flood Insurance Program.
US commercial insurance pricing shifted by less than 1% during 2017's second quarter with carriers now gearing up for claims from Hurricanes Harvey and Irma.
The latest digital edition of Reactions leads with various views on what will be discussed during the reinsurance industry's central gathering of the year - the Monte Carlo Rendez-Vous de Septembre.
The insurer said it anticipated insured losses to fall within modelled bounds.
Latest proposed renewals for the NFIP will make it easier for private insurers to write US flood business.
Having a diversified book of business is more important than size, according to a survey of senior European reinsurance executives.
The company is using the ILS fund and existing group relationships to build out its reinsurance business.
Africa Re’s group managing director and CEO, Corneille Karekezi, gives his perspective on the outlook for the continent’s reinsurance markets.
Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.
Developing products that actually meet the needs of those in emerging economies, as well as creating reliable and user-friendly ways of both paying premium and collecting claims, will all determine whether the multi-company multi insurance venture incubator is a success, says Aspen’s Mario Vitale.
Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.
Novae can start considering acquisitions rather than being acquired since share value has soared above book value, Novae’s CEO tells Reactions.
Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.
Interview: The National Flood Insurance Program (NFIP) is unsustainable, says Swiss Re’s Americas CEO Eric Smith. He and others are now suggesting that the private sector needs to take up some of the burden to ensure flood protection remains in the US.
Interview: Swiss Re’s Canada CEO believes consolidation among Canadian insurers will boost reinsurance demand as well as kick-start cat bonds. Insurers are also looking for reinsurance as a result of onerous new solvency requirements for BC earthquake.
Interview: Inga Beale says Singapore is going to a big area of strategic growth for Lloyd’s insurer and reinsurer Canopius, as less business makes its way to the London market.