BP on Sunday said it has begun to evacuate four offshore U.S. Gulf of Mexico oil platforms and secure facilities as Tropical Storm Zeta sprang up in the Caribbean Sea. The 27th named storm of this year’s Atlantic Hurricane season, …
Everest Re Group Ltd. is estimating pre-tax net catastrophe losses of $300 million for the third quarter 2020. The estimate includes the impact of Hurricanes Laura, Isaias and Sally, wildfires in California and Oregon, and other events including the Midwest …
Argo Group International Holdings Ltd. announced that its results for the third quarter of 2020 will be adversely affected by estimated losses of $71 million related to various natural catastrophe events and the continued impact of the COVID-19 pandemic. The …
Munich Re reports approximately €800 million (US$935 million) in COVID-19-related losses in reinsurance during the third quarter. The losses were attributable to various business lines, such as insurance for major events and other property-casualty lines, and the life and health …
Tropical Storm Epsilon has formed in the central Atlantic and will move northwest, probably growing into a hurricane as it nears Bermuda late this week. Epsilon’s winds have reached 40 miles (64 kilometers) per hour southeast of Bermuda, the U.S. …
The insurance industry’s loss footprint for the April 2020 Central Queensland hailstorms is estimated at A$604 million (US$423.2 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. During the first three months following the event …
AXIS Capital Holdings Ltd. announced a preliminary pre-tax net loss estimate in the range of $225 million to $255 million ($190 million to $220 million, after-tax) for third quarter catastrophes and other events. This net loss estimate relates to Hurricanes …
Arch Capital Group Ltd. estimates its pretax third quarter natural catastrophe losses could range from $190 million to $210 million. These catastrophe events include Hurricanes Isaias, Laura, and Sally, as well as the derecho windstorm in the U.S. Midwest, California …
RenaissanceRe Holdings Ltd. announced it estimates that natural catastrophes during the third quarter of 2020 will have a net negative impact of approximately $325 million. The estimated net negative impact is primarily driven by losses from Hurricanes Laura and Sally, …
Hong Kong scrapped trading of stocks and bonds Tuesday after tropical storm Nangka prompted authorities to shutter businesses and close schools. The move came after the Hong Kong Observatory kept its storm signal at No. 8, the third-highest on its …
