Losses mount from south-east China flooding
May 8 2023 by Andrew Tjaardstra
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Tower falls to US$3m first half loss as cat costs bite, COR at 105.3%
- May 26
The Kiwi carrier settles 30% claims for Auckland floods and cyclone Gabrielle with large event losses rising 90% year-on-year to US$20m.
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Tower sees Auckland flooding costs double to US$142m
- May 8
The Kiwi insurer, whose cat event reinsurance kicks in at US$7.5m, is expecting to book US$3.5m of H1 losses.
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New Zealand flood losses rise to US$1.08bn: Perils
- May 3
The figure relating to the North Island event is a 6% increase from the initial loss estimate of US$1.03bn.
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Perils revises Australia October flood losses to A$907m
- April 27
Personal lines property losses constituted 65% of the total industry loss, while commercial lines property losses represented 25% and motor losses at 10%.
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