European Central Bank Pitches Plan to Boost Insurance Coverage for Climate Losses December 19, 2024 By Gautam Naik The European Central Bank and the region’s insurance authority proposed a two-pronged approach to increase insurance coverage for floods, storms...
Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels December 10, 2024 By Gautam Naik Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums...
Catastrophe Bonds See Investor Influx After ‘Fantastic’ Run December 10, 2024 By Gautam Naik After emerging from an unusually active hurricane season with market-beating returns, catastrophe bonds are rapidly adding investors. Despite the increase...
Italy to Require Companies Buy Insurance for Climate Risks December 3, 2024 By Gautam Naik Starting Jan. 1, every company in Italy must buy insurance to protect its assets from floods, landslides and other natural...
Catastrophe-Bond Funds Suffered Virtually No Losses From Hurricane Milton October 25, 2024 By Gautam Naik After two weeks of number-crunching, it now seems clear that investors in catastrophe bonds emerged from Hurricane Milton relatively unscathed....
Catastrophe Bonds Dodge Worst-Case Scenario After Milton October 10, 2024 By Gautam Naik After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted...
Catastrophe Bond Investors Brace for Major Losses as Milton Rages October 9, 2024 By Gautam Naik Investors in catastrophe bonds are girding themselves for substantial losses as the combined destructive force of Hurricanes Helene and Milton...
Climate Losses Batter Insurers While Reinsurers Step Back September 5, 2024 By Gautam Naik As the planet warms and more natural disasters occur, insurers are facing an increasingly difficult time. In 2023, for the...
Natural Disasters to Cause $151 Billion in Annual Insurer Losses September 4, 2024 By Gautam Naik Urban expansion, property exposure and climate change could fuel a 40% increase in annual natural-catastrophe losses for the global insurance...
Hedge Fund Fermat Says Returns Took a Hit Amid Catastrophe Bond Selloff August 29, 2024 By Gautam Naik Fermat Capital Management, one of the world’s biggest investors in catastrophe bonds, says anxiety about this year’s hurricane season has...