typhoon Hagibis 2019

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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 →

Hagibis + Faxai industry loss may be close to Jebi + Trami: Credit Suisse

An early estimate suggests that Japanese typhoon Hagibis could eventually drive in excess of $10 billion of insurance and reinsurance industry losses, which when added to the other recent typhoon Faxai could see the 2019 typhoon season leaving a larger dent in the industry than 2018's Jebi and Trami combined.It read the full article →

Hagibis loss complex to assess, ILS deductible erosion possible: Twelve

The assessment and quantification of insurance and reinsurance market losses after typhoon Hagibis is to be complex and likely prolonged as a result, but there is a chance of some performance impact to private collateralised reinsurance deals, according to ILS investment manager Twelve Capital.Specialist ILS and reinsurance fund manager Twelve read the full article →

Hagibis loss could match Faxai, may accelerate reinsurance rates: KBW

The eventual industry loss from typhoon Hagibis could reach the level seen with the other recent Japanese typhoon Faxai, while together the losses they bring to the industry may be enough to accelerate reinsurance rate rises in April 2020, according to KBW analysts.Typhoon Hagibis made landfall in Honshu, Japan on read the full article →

No cat bond loss from Hagibis, price impacts to be short-lived: Plenum

Specialist catastrophe bond and insurance-linked securities (ILS) investment manager Plenum said that Japanese typhoon  Hagibis won't be severe enough to trigger any cat bond losses and that any secondary market price impact will be short-lived.The Zurich based specialist ILS and catastrophe bond fund manager Plenum Investments has a long track read the full article →

Typhoon Hagibis causes severe flooding, damage across swathe of Japan

Typhoon Hagibis has caused severe flooding, as well as some damage from its winds, across a wide swathe of Japan after the storm made landfall yesterday evening local time in Shizuoka prefecture and passed across the Tokyo metro area.Before typhoon Hagibis even arrived rainfall totals were nearing record levels, with read the full article →

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 →