Catastrophe Claims History

Catastrophe Claims History

The true quality of any insurance company is tested when claims arise. RoyalStar Assurance has experienced many catastrophic events over the years and continues to protect the assets of its policyholders. From 2004, such disasters have produced claims in excess of $300,000,000. The most noteworthy of these catastrophes were:

Year Catastrophe Incurred Claims
BAHAMAS
2004 Hurricane Frances $73,000,000
2004 Hurricane Jeanne $28,900,000
2005 Hurricane Wilma $9,500,000
2011 Hurricane Irene $6,000,000
2012 Hurricane Sandy $3,000,000
2013 May Floods $1,900,000
2016 Hurricane Matthew $51,000,000
CAYMAN ISLANDS
2004 Hurricane Ivan $135,400,000
TURKS & CAICOS
2008 Hurricane Ike $1,500,000
2017 Hurricane Irma $1,000,000

The above figures exclude Network Partnership Claims.

RSA is financially stable and well capitalized to support our clients’ needs. The fact that we have been able to meet such a volume of catastrophic claims is a tribute to our disciplined underwriting philosophy, fair claims settlement, strong capital base and sound reinsurance programme.

Just test table
Year Catastrophe Amount Paid
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