RMS has issued the first official estimate of insured losses from the wildfires that ravaged California in early November, with a range of $9bn-$13bn for the Camp and Woolsey fires.
Aon’s Impact Forecasting arm has estimated that Hurricane Michael, which made landfall on the Florida Panhandle on 10 October, will produce economic losses of $15bn.
Norwegian energy company Noreco, which filed a $470mn claim in the energy construction market for damage to the Siri oil platform in the North Sea in 2009, has had its final appeal quashed.
A fire at a Canadian oil refinery in October is the third major incident in the downstream energy market in the past 10 weeks, and brings the tally for insured losses over the period to a potential $1.2bn.
The fine art and specie market could be hit with a claim in the region of $50mn-$100mn after a fire at the East Hampton home of billionaire investor and art collector Ron Perelman.
The insured loss from a fire at the Lürssen shipyard in Germany last month, which is believed to have destroyed a super yacht under construction, is rumoured to have increased to $900mn.
AIG, which warned of a prospective $1.5bn-$1.7bn cat loss total for the third quarter in October, has reported a net loss of $1.3bn for the quarter or $301mn after tax.
Catastrophe data specialist Perils has published a final insured loss estimate for Cyclone Herwart of EUR264mn (301mn), compared with the previous figure of EUR255mn ($317mn at previous exchange rates).
The fine art and specie market could be hit with a claim in the region of $50mn-$100mn after a fire at the East Hamptons home of billionaire investor and art collector Ron Perelman, according to market sources.
Swiss Re estimates its third quarter claims burden for large losses related to both natural catastrophes and man-made events will be $1.4bn.
The downstream energy market is reported to be anticipating an insured loss of up to $400mn following a fire at a Canadian oil refinery.
German (re)insurance group Talanx has reported that its industrial lines subsidiary HDI Global has seen a number of large losses in the third quarter of 2018 which, on top of its first half loss burden, have exceeded its full year loss budget.
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