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.
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