13 December 2017

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December 2017/1
Publication Date: 8 December 2017

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The distribution game

8 December 2017

Last month the UK's Financial Conduct Authority (FCA) announced the terms of reference for a market study concerning the wholesale insurance broker sectorRead more


Puerto Rican uncertainty continues

8 December 2017

Nearly three months after Hurricane Maria swept across Puerto Rico a number of questions remain unanswered as to the extent of damage to the island's industrial and commercial facilities, and by inference the scale of (re)insured losses for the facultative marketRead more


Fac market eyes nuclear

8 December 2017

After a period following Japan's March 2011 earthquake when sentiment in some quarters moved distinctly against nuclear energy, recent moves suggest that opportunities are once more on the table for standalone specialty insuranceRead more


Second wave of California wildfires threatens to add billions to loss tally

8 December 2017

The estimated insured loss for the wildfires that ravaged California in October has reached $9.4bn, with additional fires burning as Inside FAC went to press threatening to add "another couple of billion", according to analystsRead more


Q3 cat estimates fail to match $100bn expectations

8 December 2017

Despite a widespread expectation among market commentators that the (re)insurance sector is facing some $100bn of losses from the punishing third quarter catastrophe events, declared industry loss estimates to date suggest a figure well short of this levelRead more


Mapfre reveals EUR146mn Maria fac hit

8 December 2017

Spanish (re)insurer Mapfre's Global Risks unit has passed on some EUR146mn ($172mn) in Hurricane Maria-related losses to the facultative reinsurance market, the carrier confirmed at its 2017 investor dayRead more


Keystone leak investigation points to construction damage

8 December 2017

A report released by US federal agency the Pipeline and Hazardous Materials Safety Administration has suggested a recently discovered leak in TransCanada Corporation's Keystone oil pipeline in South Dakota was caused by damage during construction in 2008Read more


AIR: Maria top end trimmed to $48bn

8 December 2017

AIR Worldwide has dramatically lowered its loss estimate range for Hurricane Maria to $27bn-$48bn, though it continues to stress the importance of industrial exposures from Puerto RicoRead more


Ophelia will cost $72mn, says Perils

8 December 2017

Catastrophe data specialist Perils has estimated insured losses in the UK and the Republic of Ireland from ex-Hurricane Ophelia at EUR60.0mn ($71.6mn)Read more


Allianz leads EUR32mn Airlander loss

8 December 2017

Allianz is understood to be the lead insurer for a potential £32.0mn ($43.1mn) claim following the collapse of the world's longest aircraftRead more


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