typhoon Faxai 2019

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Japanese cat bonds trade up as Jebi & Hagibis loss outlooks improve

Three tranches of catastrophe bonds exposed to Japanese typhoon wind damage have traded up around 10% in recent weeks, as the market's view of how large the eventual industry losses from typhoon Jebi and Hagibis will be has moderated somewhat.Both tranches of the $320 million Akibare Re Ltd. (Series 2018-1) read the full article →

Munich Re estimates typhoon Hagibis loss at $10bn, Faxai at $7bn

Global reinsurance giant Munich Re's NatCat service has released estimates for the industry insured losses from Japanese typhoons Hagibis and Faxai, pegging them at $10 billion and $7 billion respectively.Munich Re's estimate is the latest indicator that the ultimate industry loss from typhoon Hagibis may be much lower than had read the full article →

Japan typhoon Faxai, Hagibis & rainfall claims reach $6.83bn: GIAJ

The General Insurance Association of Japan (GIAJ) has updated its numbers on recent catastrophes, now saying that domestic insurers in the country have paid out US $6.83 billion in claims for typhoon Faxai, typhoon Hagibis and a heavy rainfall event that closely followed these storms.Typhoon Faxai claims payments have now read the full article →

Swiss Re says Hagibis is only an $8bn industry loss

Opinions differ dramatically when it comes to estimating industry insured losses from typhoon Hagibis it seems, with global reinsurance giant Swiss Re opting for just $8 billion.That's half the level of the highest end of risk modellers estimates (which extend up to $16 billion) and only slightly above the mid-point read the full article →

Typhoon Hagibis & Jebi losses said stabilising below top-end estimates

The market is increasingly confident that industry losses from recent Japanese typhoon Hagibis and also 2018's typhoon Jebi will ultimately stabilise below the top-end of estimates, good news for those that reserved conservatively and for those for who Jebi loss creep has been a significant issue.Reinsurance companies, insurance-linked securities (ILS) read the full article →

Industry facing $20bn+ loss from typhoons Faxai & Hagibis: Mapfre

Spanish insurance and reinsurance group Mapfre said it believes typhoons Faxai and Hagibis will drive more than US $20 billion of industry losses to the sector, while it expects to take a hit of around $156 million, including some impacts from recent rioting in Chile.The company, which operates reinsurance unit read the full article →

Hagibis loss creep may not emerge until after April renewal, some fear

There are fears in the market that typhoon Hagibis is going to end up repeating what was seen with last year's typhoon Jebi, with loss creep emerging after the April reinsurance renewal again, potentially to the detriment of those hoping for significant rate increases.A number of sources have said that read the full article →

AXIS estimates typhoon Hagibis loss of up to $110m

Bermudian specialist insurance and reinsurance firm AXIS Capital Holdings Limited has estimated its losses from recent Japanese typhoon Hagibis at somewhere between $90 million and $110 million, net of accounting for recoveries from reinsurance and retrocession.AXIS Capital has set its loss reserve estimate based on an expected insurance and reinsurance read the full article →

CATCo sees 25% Hagibis, Faxai & Dorian hit to 2019 capital deployed

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management expects that the combined impacts of recent catastrophe events typhoon Hagibis, typhoon Faxai and hurricane Dorian will result in a roughly 25% impact to capital deployed in the 2019 portfolio of its listed fund.Markel CATCo has today revealed its potential exposure read the full article →

Typhoon Faxai payments near $2.5bn, Hagibis claims still mounting: GIAJ

The General Insurance Association of Japan (GIAJ) has reported that already domestic insurers in the country have paid out just under US $2.5 billion for claims from typhoon Faxai, while for more recent typhoon Hagibis the claims are still mounting up.Insurance and reinsurance industry loss estimates still suggest a total read the full article →