trending Market Intelligence /marketintelligence/en/news-insights/trending/eeJTnfa88peshKQGCpePbA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

SCOR, Lancashire unveil estimated losses from hurricanes, Mexico earthquakes

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February


SCOR, Lancashire unveil estimated losses from hurricanes, Mexico earthquakes

SCOR SE and Lancashire Holdings Ltd. announced their preliminary loss estimates from Hurricanes Harvey, Irma and Maria — which largely affected parts of the Caribbean and the U.S. — as well as the recent earthquakes that hit Mexico.

SCOR estimated that the total private insured market loss for the combined hurricanes and earthquakes will reach about $95 billion, adding that it expects to incur costs related to the natural catastrophes of about €430 million, net of retrocession and tax, for the third quarter.

The French reinsurer noted that a "material degree of uncertainty" remains regarding the estimated cost, but reiterated that the group's solvency position "remains strong and in the upper half of the optimal solvency range."

Meanwhile, U.K.-based Lancashire Holdings estimated its net ultimate losses arising from the catastrophes to be in the range of $106 million to $212 million, after anticipated recoveries from its outward reinsurance program and the impact of outward and inward reinstatement premiums. The company said the estimate, which includes exposures through its Bermuda, U.K. and Lloyd's of London operations, falls "well within" its modeled loss ranges for such types of catastrophe events.

Lancashire noted that its actual ultimate loss may significantly vary from the current estimate as more information emerges, with final settlement of all claims expected to take place "over a considerable period of time."

An update regarding the group's estimate is expected to be included in its third-quarter financial statements, set to be released Nov. 2.