Catastrophe bonds, whose returns have consistently trounced those of high-yield debt markets in recent years, are about to become accessible to a wider group of investors. An exchange-traded fund based on a portfolio of as many as 75 of the …
Tropical Cyclone Zelia made landfall on Australia’s west coast on Friday, the weather bureau said, lashing the world’s largest iron ore hub with heavy rain and wind gusts up to 290 kph (180 mph). The eye of the storm crossed …
Australia’s iron ore hub is bracing for the strongest cyclone to hit the region since at least 2007, threatening port facilities and big mines operated by companies including Rio Tinto Group and BHP Group. Severe Tropical Cyclone Zelia has rapidly …
Tropical Cyclone Zelia has strengthened off Western Australia and is expected to cross the coast on Friday near the nation’s major iron ore export hub, bringing heavy rain and damaging wind gusts. Zelia is forecast to intensify further as it …
Australian officials urged residents in the northeastern city of Townsville and adjacent areas to evacuate as torrential rains raised the risk of a flood disaster in the area. Some parts of the north in Queensland state have had more than …
RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should halt the drop in property-catastrophe reinsurance prices observed at 1/1. Kevin O’Donnell, president and chief executive officer, referencing an industrywide …
Six storms around Australia and its territories are expected to strengthen in the coming days, with one system likely to trigger life-threatening flooding in the nation’s north and three others with at least a moderate chance to form into tropical …
Winter Storm Éowyn pummeled Ireland and the UK with hurricane-force winds on Friday, creating blackouts for hundreds of thousands and disrupting travel across northwestern Europe. Éowyn was one of the strongest storms to hit the region and likely set new …
The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR, according to a Fitch Ratings commentary. Insured losses …
Hurricane-strength winds battered Ireland and the UK early Friday morning, leaving thousands of homes and businesses without power and disrupting transportation across the region. Winter Storm Éowyn brought record gusts of 183 kilometers (114 miles) per hour in Galway in …
