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Hagibis to add “enormous complication” so soon after Faxai: RenRe CEO O’Donnell

Japanese typhoon Hagibis will add "enormous complication" in allocating and finalising losses, while claims processes in Japan have likely not moved on since last year's Jebi and its significant loss creep, according to the CEO of reinsurance firm RenaissanceRe. Typhoon Hagibis is currently on track for Japan, with a landfall in read the full article →

Typhoon Hagibis forecast to impact Tokyo region as Cat 1 or 2 storm

Typhoon Hagibis remains on track towards Japan, with Tokyo and the surrounding area now firmly a target and the storm forecast to make landfall as a Category 1 or 2 equivalent storm on Saturday. This article last updated at 08:00 BST, Sat Oct 12th: Over the coming day or so typhoon read the full article →

Super Typhoon Hagibis targets Japan. Landfall more certain, location less

Typhoon Hagibis continues on course towards Japan as a strong Super typhoon, with landfall looking increasingly likely and while uncertainty is still high in precisely where a landfall will be, Tokyo remains on alert for the storm. Read our latest update on Typhoon Hagibis here. Original article: This article last updated at 16:00 read the full article →

Typhoon Hagibis aims for Tokyo, Japan, remains a Super typhoon for now

Typhoon Hagibis has undergone another period of rapid intensification, having weakened slightly in the last day, but has now cleared out its eye once again and again become a strong Super typhoon as it tracks towards the Tokyo region of Japan. Read our latest on typhoon Hagibis here. This article last updated read the full article →

Typhoon Hagibis hits Super status, may threaten Japan later this week

Typhoon Hagibis has rapidly intensified over the last few hours in the Pacific and has now officially reached super typhoon status having intensified rapidly over the last 12 hours. This article last updated at 11:00 BST, Tues Oct 8th: At the end of this week typhoon Hagibis is expected to come read the full article →

Expect $15bn+ Japan typhoon industry loss at least every 20 years: KCC

Japanese typhoons should be expected to cause insurance and reinsurance industry losses of more than $15 billion at least every 20 years, according to analysis by Karen Clark & Company. The catastrophe risk modelling firm analysed typhoon Jebi and found that based on its high-resolution Japan Typhoon Reference Model, KCC believes read the full article →

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 →