natural catastrophe
Swiss Re expects demand for natural catastrophe cover to double in high-growth markets and to rise by around 50% in mature markets by 2020
Swiss Re expects the demand for natural catastrophe reinsurance to double in high-growth markets and to rise by around 50% in mature markets by...
Swiss Re : insurers to pay for close to half of the USD 140 billion in economic losses caused by natural catastrophes and man-made disasters
According to Swiss Re sigma preliminary estimates, total insured losses from natural catastrophes and man-made disasters will reach approximately USD 65 billion in 2012....
Swiss Re : obtains USD 400 million in natural catastrophe protection
Swiss Re Ltd. secures USD 400 million in natural catastrophe coverage through a newly-formed issuer Mythen Ltd., a flexible programme that allows Swiss Re...
XL Group see’s red in 2011
The XL Group has revealed their fourth quarter and full year results for 2011, reiterating the damage the increased natural catastrophe's had on the...
Catlin sees profit despite huge natcat loss
Despite experiencing almost USD1 billion (£625m) in natural catastrophe losses Catlin managed to avoid the red in 2011, according to the company's financial results...
Hannover Re raises reinsurance prices
Hannover Re has increased it's premium price for hurricane an earthquake losses, as the reinsurer renewed it's contracts with insurers last month (January).
Hannover, the...
Zurich reports fourth qtr nat cat losses
Zurich Insurance has given their latest estimate of fourth quarter losses relating to the natural disasters for last year. The Thailand floods and New...
Swiss : earthquake-prone countries remain uninsured
Much of the world, even country’s prone to seismic events, is dangerously under insured for earthquakes, a new Swiss Re paper has revealed.
Despite last...
2011 most expensive natural catastrophe year ever
Stronger and more frequent natural disasters in 2011 made it the most expensive year ever for natural catastrophe losses, Swiss Re announced.
Last year's...
AON Benfield : Impact Forecasting launches monthly natural catastrophe recap
Aon Benfield, reinsurance intermediary and capital advisor, today releases its latest Monthly Cat Recap report, which provides an analysis of global natural perils in...
Swiss Re insurance profits dampened by disaster damage
Swiss Re, one of the world's biggest reinsurers, on Thursday reported a surge in first quarter profit although its results were dampened by losses...
Munich RE warns about the rising cost of climate change
Natural disasters linked to climate change could cost the insurance industry billions of dollars in extra settlement payments every year, German insurance giant Munich...
2009 a ‘benign’ year of natural disasters
"We made it through the year with a minimum of natural disasters", German re-insurer Munich Re said on Tuesday, but climate change still threatens...
Munich RE shows that in particular poor countries are severely affected by climate change
Bangladesh, Myanmar and Honduras were the countries most severely affected by extreme weather events from 1990 to 2008, according to a climate change risk...
Torrential rain accross the UK caused serious damage
Residents are counting the cost of damage after torrential rain and strong winds battered the UK, forcing hundreds of people to flee their homes.
Flooding...
Philippine central bank rules out ‘systemic’ flood risk
A senior Philippine central banker on Friday played down the risk to the banking system posed by devastating floods, saying just over 100 million...
Philippines flood claims may top $236 million
Philippine insurers are likely to get hit with more than 236 million dollars in non-life claims alone from devastating floods caused by Tropical Storm...
Government to set aside $25.92m in emergency funds for Indonesia’s Sumatra quake
The powerful earthquake that hit Indonesia's Sumatra island this week was seen having a limited impact on growth in Southeast Asia's biggest economy, as...
Berkshire Seeks New Insurance Customers After Profit
Warren Buffett’s Berkshire Hathaway Inc. is willing to sell more insurance for natural disasters after pulling back on catastrophe coverage earlier this year when...
Taiwan insurers report preliminary losses from typhoon morakot
According to the insurer's statement filed with the Taiwan Stock Exchange, the damages caused by the typhoon have "not led to a material impact...
