Progressive recovers $80mn from reinsurers after August hurricanes Hurricanes Isaias and Laura produced the bulk of losses for the insurer, which is drawing down on an aggregate cover.
Hurricane Sally NFIP losses in Alabama will be ‘significant’: AM Best Reinsurers and investors on the program’s flood-related cat bonds are watching the situation closely.
Hurricane Sally another minor cat loss as aggregate tally builds The event may be more evenly split between insurers and reinsurers due to its impact on Florida's border counties.
Japanese insurers pay out $625mn for July rain damage: GIAJ July rains and typhoons Maysak and Haishen severely damaged Kyushu region, the body said.
Blenheim parent White Bear Capital receives £80mn investment from Alchemy The Peter Scales-led vehicle is reunited with the private equity house.