Reinsurance News
Your search for “Harvey”
Miller appoints Adam Power and Rebecca Harvey as account executives
21st April 2022
Broker firm Miller has appointed Adam Power and Rebecca Harvey as account executives in the International Professional Risks and North American Professional Risks teams. According to the firm, Power will report to Ed Pickard, head of international professional and financial risks, while Harvey will report into Andy Brett, joint head of ... Read the full article
Acrisure Re launches international fac unit, led by Matthew Harvey
18th May 2021
Acrisure Re, the reinsurance division of global brokerage Acrisure, has announced the launch of an international facultative unit, to be led by Matthew Harvey as Senior Vice President. Harvey, who will be based in London, joined Acrisure Re on May 10th and will report to Acrisure Re Group Chief Executive Officer ... Read the full article
Markel invests in building product firms Lansing & Harvey
25th March 2020
Markel Corporation has entered into an agreement to acquire a majority interest in Lansing Building Products, a supplier of exterior building products and materials in the US. At the same time, Lansing has enhanced its geographic reach via the acquisition of the distribution business of Harvey Building Products. Established in 1955 in ... Read the full article
TWIA insurers to pay $90m for Harvey, wider loss estimate raised to $1.7bn
11th December 2019
The Texas Windstorm Insurance Association’s board of directors have voted for its member insurance companies to pay $90 million between them based on losses from hurricane Harvey while raising its ultimate loss estimate from $1.61 billion to $1.7 billion. This $90 million figure is in addition to the $282 million already ... Read the full article
Arc Legal names Peter Harvey as Head of Ireland branch
3rd August 2018
Arc Legal Assistance, a provider of specialist legal expenses and add-on insurance products in the UK and Republic of Ireland, has named Peter Harvey as Head of Business – Ireland, with responsibility for all aspects of Arc Legal’s Irish operations. His appointment coincides with the opening of a new branch in ... Read the full article
TWIA approves $106.8mn Harvey assessment & 10% rate hike
3rd August 2018
The board of the Texas Windstorm Insurance Association (TWIA) has approved an additional Class 1 member assessment of $106.8 million for losses from hurricane Harvey. The unanimous decision follows the $175 million approval by the TWIA board in May, 2018, after loss creep from the storm resulted in TWIA increasing its ... Read the full article
Hurricane Harvey flooding exposes widespread underinsurance: Lloyd’s
6th June 2018
The flooding in Houston caused by Hurricane Harvey in August 2017 has brought into relief the stark flood insurance protection gap for many communities in the U.S, according to the specialist insurance and reinsurance marketplace, Lloyd’s of London. Lloyd’s ‘After the Storms’ report assessed the damage caused by Hurricane Harvey, finding ... Read the full article
TWIA targets $1.4bn reinsurance for 2018, as it raises Harvey loss estimate
14th May 2018
The Texas Windstorm Insurance Association (TWIA) is targeting $1.4 billion of reinsurance protection for the 2018-2019 Atlantic hurricane season, from a combination of both the traditional and alternative reinsurance markets, and has also increased its loss estimate for hurricane Harvey to $1.61 billion. TWIA, the residual market property insurer for the state ... Read the full article
Hurricanes Harvey, Irma, and Maria cost re/insurers $80bn: Impact Forecasting
5th April 2018
Impact Forecasting, Aon Benfield’s catastrophe risk modeller, has collated the damage of Hurricanes Harvey, Irma, and Maria from the 2017 Atlantic Hurricane Season, and estimated that they caused a total of US $220 billion in economic damage, $80 billion of which was covered by public and private re/insurance entities. Hurricane Harvey ... Read the full article
Lloyd’s of London’s Harvey, Irma, and Maria payouts reach $1.7 billion
29th November 2017
The specialist Lloyd's of London insurance and reinsurance marketplace has now paid out $1.7 billion in claims following hurricanes Harvey, Irma, and Maria. A couple of weeks into October and the Loyd's market said it had paid claims worth $738 million from the three hurricanes, which devastated parts of the ... Read the full article
Zurich puts Harvey, Irma and Maria losses at $700 million
19th October 2017
Global insurer Zurich expects hurricanes Harvey, Irma and Maria to result in net claims of $700 million in the third-quarter for the firm's property and casualty (P&C) segment, net of reinsurance and pre-tax. After tax, Zurich estimates the hit to its P&C segment from the three events will be $620 million, ... Read the full article
James River Group pegs Harvey, Irma, Maria loss at $10 million
16th October 2017
Bermuda-based insurance holdings company, James River Group Holdings, has put its pre-tax losses from the combined impacts of hurricanes Harvey, Irma and Maria in the third-quarter, at an estimated $10 million. The estimation is net of reinsurance and reinstatement premiums, and the company notes that the approximate $10 million figure is ... Read the full article
Tokio Marine estimates $580mn loss from Harvey, Irma, Maria, and Mexico quakes
13th October 2017
Tokio Marine Holdings, Inc. has announced that it expects estimated pre-tax catastrophe losses, net of reinsurance, from the Mexico earthquakes, and hurricanes Harvey, Irma, and Maria, to total around 65 billion yen (US$580 million). "We would like to express our sincerest sympathies to all who have been affected by the natural ... Read the full article
Lloyd’s pays out $738 million for Harvey, Irma and Maria claims
13th October 2017
The specialist Lloyd's of London insurance and reinsurance marketplace has now paid out $738 million in response to the impacts of Hurricanes Harvey, Irma, and Maria. Lloyd's announced previously that it expects losses from just hurricanes Harvey and Irma to reach $4.5 billion, as it continues to assess the hit ... Read the full article
Harvey, Irma, and Maria to drive overall Lloyd’s market loss, says Moody’s
13th October 2017
Analysts at Moody's expect the impacts of hurricanes Harvey, Irma, and Maria to result in an overall loss for the Lloyd's of London specialist insurance and reinsurance marketplace. Combined, Lloyd's announced previously that it expects hurricanes Harvey and Irma to drive losses of around $4.5 billion, net of reinsurance, estimates that ... Read the full article