HVRRY News and Press, Hannover Rueckversicherung SE ADR From 07/22/21

Aon estimates that natural disaster cost the global economy around $93 billion in the first-half of 2021. Aon’s data comes from a minimum of 163 natural disaster events that occurred in H1 2021, which was below the 21st Century average (191) and median (197). In terms of lo...

US primary insurer Travelers has reported lower catastrophe losses for the second-quarter of 2021. By the end of Q1, Travelers had accumulated some $915 million of qualifying losses towards the aggregate retention of its reinsurance. Travelers has still reported on Tuesday a furth...

Tropical Cyclone Seroja, which impacted Western Australia earlier this year, is initially estimated to have caused a A$434 million industry loss for the insurance and reinsurance market, according to PERILS. The Western Australia region has not experienced a comparable insured loss ev...

Swiss Re has warned that insurance and reinsurance firms will face increased indemnity costs after land-falling hurricanes in the United States this year, as inflationary factors are set to drive claims amounts higher. Overall, economic conditions are increasingly tipping towards infl...

The $1.62 billion of insurance and reinsurance market losses from this earthquake is now far above where estimates had sat after the event. The latest data shows that as of May 14th 2021, 259,525 claims had been filed from this earthquake event, with 216,638 settled and 176,402 paymen...

Severe weather and hail storms are the key drivers of May’s catastrophe toll, with two large hail events responsible for roughly 60% of Allstate’s May catastrophe losses. May was a much less severe month for Allstate, in terms of catastrophe losses, than April, when the ...

Moody’s noted that the past five hurricane seasons (2016-2020) have all seen reasonably high activity levels when it comes to Atlantic hurricanes. The rating agency believes positive reinsurance price movements will be seen in January 2022. Moody’s Investors Service ...

Insurance market losses from some of the larger catastrophe events to strike Japan over the last year have risen, with the latest figures for the July 2020 extreme rains, September 2020’s typhoon Haishen and January 2021’s snowfall event combining to near US $2.3 billion. ...

Global reinsurance giant Munich Re has reported a solid quarter of earnings for Q1 2021. Natural catastrophe losses during Q1 amounted to EUR 646 million, well up on Q1 2020's EUR 208 million and above-average for the quarter. Because of positive reinsurance market conditions, Mun...

Global reinsurance firm Hannover Re has reported strong growth in premiums written of almost 17% on an adjusted basis for the first-quarter of 2021. The company reported net income of EUR 305.9 million for Q1 2021, which is 1.7% higher than a year ago. Hannover Re continues to tar...