catastrophe

catastrophe

Brokers, Capital Markets, Catastrophe, Earthquake, Europe, Flood, Losses, Results, Windstorm

Debt crisis set to dominate market's thinking

Despite one of the most expensive years on record for the re/insurance industry, one expert believes the debt crisis is now the biggest threat.

Asia Pacific, Catastrophe, Earthquake, Flood, Losses

Lessons need to be learned says reinsurer

Munich Re’s head of global reinsurance has urged the market to learn the lessons of the past year the most expensive ever in terms of cat losses.

Capital Markets, Cat Bonds, Catastrophe, Earthquake, Europe, Windstorm

Amlin in cat bond placement

Amlin has announced that it has acquired coverage for US hurricane, US earthquake and European windstorm perils of up to US$150 million from Bermudian special purpose insurer, Tramline Re Limited, which in turn is placing a catastrophe bond for this amount into the capital markets.

Capital Markets, Catastrophe, Claims, London, Political Risk

Triple threat to industry remains says economist

Swiss Re’s Chief Economist has outlined the challenges the industry faces from the global economy as the reinsurer published its annual economic outlook.

Asia Pacific, Catastrophe, Flood, Lloyd's, Losses, Run Off

Argenta announce closure of managed Asian syndicate

Singapore-based Lloyd’s Syndicate 1965 has become the latest victim of the regions catastrophe strewn year as it announced that it will no longer be accepting new business.

Asia Pacific, Catastrophe, Claims, Earthquake, Flood, Losses, Windstorm

Record loss year points to low insurance levels warns Swiss Re

Last year was the most expensive in history in terms of economic losses but the level of payments faced by global underwriters had highlighted the need for greater insurance penetration.

Catastrophe, Lloyd's, London, Losses, Results, Risk Management

Lloyd’s at a loss and not only over lack of pricing discipline

Lloyd’s Chief Executive Richard Ward has hit out at the global insurance industry for its decision not to meet the second worst claims year in history with a rise in premium rates.

Asia Pacific, Catastrophe, Earthquake, Flood, Losses, Windstorm

Record cat loss year says Swiss Re

This year will go down as the most expensive in history for economic losses due to catastrophes according to preliminary estimates from Swiss Re’s sigma team...

Catastrophe, Claims, Europe, Losses, Political Risk, Results

Munich Re warns of tough results for 2011

Reinsurer Munich Re released its third quarter results with a warning that the heavy impact of this years natural catastrophes will see a combined ratio well above its average annual target of 97%...

Asia Pacific, Catastrophe, Earthquake, Flood, Losses, Risk Management, Technology, Windstorm

New China crop model launched at SIRC

The industry's first Multiple Peril Crop Insurance Model for China was released today at the 11th Singapore International Reinsurance Conference...

Catastrophe, Life, Losses, North America, Risk Management

Insurer offers guide to Zombie attack

US Insurer HCC Medical Insurance Services, (HCCMIS), has issued a new guide for its policyholders ahead of Halloween, on how to survive an attack by zombies.

Asia Pacific, Catastrophe, Losses, Risk Management, Technology, Windstorm

Growing populations face impacts of climate change

A new mapping study has revealed some of the world’s fastest growing populations are increasingly at risk from the impacts of climate related natural hazards and sea level rise...

Asia Pacific, Capital Markets, Catastrophe, Claims, Earthquake, Losses

CATCo issues NZ earthquake update

Reinsurance and retrocessional investment fund manager CATCo has released an update on its Reinsurance Opportunities Fund exposures to the events in New Zealand earlier this year.

Asia Pacific, Catastrophe, Claims, Earthquake, Losses

Reinsurers will pick up majority of Australasian cat claims

Delegates at a conference on Australia’s gold coast have been told that reinsurers will pick up around two thirds of the insured costs arising from the natural catastrophes which have hit Australia and New Zealand this year.

Catastrophe, Europe, Losses, Treaty

2011 losses stand at $70 billion says Sigma

Swiss Re’s research arm Sigma has issued its preliminary estimates for the total insured losses for the global insurance industry from natural catastrophes and man-made disasters in the first six months of the year, and have put the figure at $70 billion.

Catastrophe, Europe, Retrocession

Website aims for Retro first

The Monte Carlo Rendez-vous has seen the launch of what has been claimed to be the first independent collaborative website for the retrocession market.

Catastrophe, Claims, North America, Terrorism

9/11 ended the “gentlemen’s agreement" in cover placement

On the eve of the 10th anniversary of the attacks on the World Trade Center, a leading lawyer has said those events are responsible for changing the reinsurance market dramatically.

Catastrophe, North America, Terrorism

Fears raised over ability to withstand terrorism

While there seems to be little shortage of available terrorism reinsurance, a report has warned there remain concerns over the ability for the industry to withstand a major attack.

Asia Pacific, Catastrophe, Risk Management

Natural hazard poses peril to emerging economies

Underwriters have been warned the world’s fastest growing economies face growing natural perils, but lack the resilience to cope if they strike.

Asia Pacific, Catastrophe

Aon sponsors risk atlas

As China escaped serious damage from Typhoon Muifa, reinsurance intermediary Aon Benfield announced it has become the exclusive insurance industry sponsor of the third edition of the Atlas of Natural Disaster Risk in China.

Asia Pacific, Catastrophe, Earthquake, Losses, Ratings

Asia pricing still uncertain as losses yet to erode reinsurance capital

In the run up to the Monte Carlo rendezvous Standard & Poor's Ratings Services said it believes the impact of the series of natural disasters between September 2010 and June 2011 on reinsurers' overall financial profiles are at manageable levels.

Catastrophe, North America, Risk Management

Research says hurricane season set to be longer and stronger

A series of studies by leading global climate experts have concluded that the North Atlantic hurricane season is getting longer and the major storms more severe.

Cat Bonds, Catastrophe, Losses, North America

Cat Bond season continues as Travelers agrees deal

The rating agencies may say that the US and Bermudan reinsurers are better equipped to weather a $30 billion plus loss event but the primary insurers are still keen to look at other financial instruments to mitigate cat losses.

Catastrophe, North America, Windstorm

Texas warned that climate change will increase storm risk

A study by a leading US university in conjunction with broker Willis has warned that the ongoing impact of climate change will very likely increase the frequency and severity of storm activity in Texas and surrounding areas in both the short medium and long term.

Catastrophe, Europe, Market Reform

Swiss Re Chief warns rates are under pressure

The Chief Executive of Swiss Re, Stefan Lippe has warned the January renewals may not see the forecast and expected price rises as the absence of major catastrophes puts pressure on rates.

SECTORS

Regions