typhoon Faxai 2019


AIG’s Japan occurrence reinsurance & Validus’ retro exposed to typhoons

Analysts at Keefe, Bruyette & Woods (KBW) have agreed that insurance giant American International Group's (AIG) per-occurrence reinsurance tower is at-risk of losses following typhoon's Faxai and Hagibis, while today the insurer's executives said that Validus' retrocession could also be exposed.KBW said a few days ago that it believes it read the full article →

RMS puts typhoon Hagibis loss estimate at max $11bn

Catastrophe risk modelling specialist RMS has now published an estimate for the insurance and reinsurance market impact of recent Japanese typhoon Hagibis, estimating the industry losses at between $7 billion and $11 billion.With a mid-point of $9 billion, RMS's estimated range for the insurance market-wide loss caused by typhoon Hagibis read the full article →

Faxai loss to near $10bn, Hagibis $15bn, climate change a factor: RenRe CEO

The CEO of reinsurance firm RenaissanceRe said that his company believes typhoon Faxai could drive as much as a $10 billion industry loss, while the more recent typhoon Hagibis could a roughly 50% larger bigger at approximately $15 billion.The figures are certainly at the higher-end of current industry estimations (or read the full article →

RenRe & Markel expect typhoon Hagibis losses to eclipse Faxai

Company specific loss estimates from leading insurance and reinsurance firms for recent typhoon Hagibis appear to confirm that the industry impact of that storm are going to eclipse that of the other recent Japan typhoon Faxai.Typhoon Faxai was first to strike Japan in early September, leading to a forecast for read the full article →

SCOR taps retro for Dorian & Faxai losses, likely to for Hagibis as well

SCOR, the global reinsurance player headquartered in France, has been benefiting from its retrocesssion program for recent catastrophes, making recoveries for both hurricane Dorian and typhoon Faxai, according to the CEO of SCOR Global P&C.As we explained yesterday, SCOR remains on target for the full-year despite suffering higher than budgeted read the full article →

Hagibis flood loss alone could reach $10bn, retro ILS most at risk: Twelve Capital

Industry losses from the flood driven damage of typhoon Hagibis could reach into the double-digit billion dollar range, according to ILS manager Twelve Capital, who also highlighted that in the ILS market it is collateralised retrocession that appears most at risk of performance impacts.Specialist ILS and reinsurance fund manager Twelve read the full article →

At up to $16bn, Hagibis industry loss to drive rates, with creep possible: KBW

Typhoon Hagibis loss impact on insurance, reinsurance and insurance-linked securities (ILS) markets is likely to drive further rate improvements at upcoming renewals, but the market should watch out for potential loss creep, analysts at KBW warn.After AIR Worldwide issued its first modelled industry loss estimate for typhoon Hagibis yesterday, saying read the full article →

Typhoon Hagibis industry loss estimated from $8bn to $16bn: AIR

Typhoon Hagibis is estimated as likely to cause an insurance and reinsurance market loss somewhere in a range from $8 billion to as much as $16 billion, by AIR Worldwide.The significant size of that range reflects the significant uncertainty in the eventual industry toll from the most recent typhoon to read the full article →

Typhoon impacts to drain AIG’s reinsurance cover: Analysts

Insurance giant American International Group (AIG) is likely to severely drain its reinsurance protection for Japanese loss events after it accounts for its losses from typhoons Faxai and Hagibis, according to analysts,Equity analysts from Credit Suisse claim that AIG could have used up its per-occurrence reinsurance protection going into losses read the full article →

Markel CATCo sets loss reserves for Dorian & Faxai, monitors Hagibis

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management has now established specific loss reserves for recent catastrophes hurricane Dorian and typhoon Faxai.The manager also says it is monitoring more recent typhoon Hagibis, in case its impacts on Japan also warrant the setting up of any side pocket investments.Markel CATCo read the full article →