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Further Jebi loss creep may impact RenRe’s retro portfolio: CEO O’Donnell

If the loss creep linked to Japanese typhoon Jebi continues it has the potential to impact RenaissanceRe's retrocessional reinsurance underwriting book, according to the firms CEO.Kevin O'Donnell, the CEO of Bermuda headquartered reinsurance firm RenaissanceRe (RenRe), explained during his firms recent quarterly earnings call that the potential for further development read the full article →

Jebi creep impacts ongoing, as loss threatens fresh reinsurance layers

The impacts to reinsurance and ILS players from the typhoon Jebi losses in Japan may still have a little further to run, as the escalation of the industry loss has hit fresh layers in reinsurance programs, we've learned.Sources in the insurance-linked securities (ILS) market said that a typhoon Jebi final read the full article →

Loss creep evident in combined $14.5bn Jebi, Trami, Japan rains claims from GIAJ

Reported claims figures for the typhoons and extreme rainfall event that struck Japan last year have risen significantly, with the latest figures from the General Insurance Association of Japan (GIAJ) totalling over US $14.5 billion.The insurance and reinsurance industry losses from these three Japanese events have escalated so far this read the full article →

Typhoon Jebi industry loss may settle at $15bn to $16bn: Analysts

The insurance and reinsurance industry wide loss from Japanese typhoon Jebi looks destined to rise even further, with analysts saying that industry participants they met with recently in Bermuda have suggested the loss may settle at between $15 billion to as much as $16 billion.The industry loss from the most read the full article →

Jebi nears $13bn, why industry missed the loss creep: Swiss Re CFO

Global reinsurance firm Swiss Re strengthened its typhoon Jebi loss reserves in the last quarter and the firms CFO John Dacey said that the company puts the industry loss from the storm at close to $13 billion now.Dacey also explained why the company believes the reinsurance industry missed the loss read the full article →

Market missed typhoon Jebi BI, industry loss now up to $13bn: Grandisson, Arch

Bermudian insurance and reinsurance group Arch Capital believes the industry loss from typhoon Jebi could now be as high as $13 billion and its CEO Marc Grandisson said that the market missed the business interruption and contingent BI exposures.Reinsurance market sources had already suggested to us that the industry loss read the full article →

Typhoon Jebi industry loss moving closer to $12bn

Reinsurance market sources are suggesting that the industry loss from typhoon Jebi in Japan will get closer to $12 billion, as loss creep continues from what is the most costly typhoon event to ever hit the country.Previously, Property Claim Services (PCS) gave its first official estimate for typhoon Jebi, having read the full article →

PCS puts Typhoon Jebi at $10bn, loss creep may continue: Johansmeyer

Typhoon Jebi is estimated to have caused an insurance industry loss of $10 billion by Property Claim Services (PCS), with the potential for further loss creep apparent, according to Tom Johansmeyer, Co-Head PCS.PCS recently expanded its range of insurance and reinsurance market loss data aggregation and index reporting services to read the full article →

Typhoon Jebi industry loss now over $10bn: Sirius

Typhoon Jebi, a storm that made landfall in Japan on September 4th 2018, has become an outlier for loss creep in the country, with the insurance and reinsurance industry loss now said to have surpassed $10 billion.After typhoon Jebi struck Japan the main risk modelling firms gave estimates of $3 read the full article →

ILW triggers on watch for typhoon Jebi, hurricane Michael & wildfire losses

The industry loss warranty (ILW) market is waiting nervously for confirmed estimates of industry losses to emerge for a number of recent catastrophe events around the globe, with certain trigger points on-watch and further ILW losses possible in the coming weeks.The ILW market, which largely provides retrocessional forms of reinsurance read the full article →