Many Reinsurers Take Increased Catastrophe Risks as Rates Harden: S&P August 14, 2019 Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates...
Severe Weather Season is Here March 28, 2019 By Daniel Betten, Principal Research Scientist Severe convective storms—the group name given to tornadoes, hail, and straight-line winds—are among the most common and damage-inducing natural catastrophes...
January’s U.S. Storms, Australia Floods Bring Economic Damages Near $2B: Aon February 11, 2019 Multiple winter storms and extreme cold led to 45 deaths and cost the U.S. economy $1 billion during January, according...
Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey January 16, 2019 By L.S. Howard Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global...
RMS Lists Top 10 ‘1-in-100-Year’ Events for Asia Pacific Region October 30, 2018 The Asia Pacific region remains highly vulnerable to major catastrophes, RMS said, announcing a list of 10 “1-in-100-year” events possible...
Final Insured Loss for Germany-Austria’s Storm Herwart Rises to €264M: PERILS October 30, 2018 The final estimate of insured property losses for Extratropical Cyclone Herwart, which primarily affected Austria and Germany on Oct. 29,...
AXA’s Duverne Named Chairman of Insurance Development Forum, Replacing Catlin September 13, 2018 The Insurance Development Forum (IDF) announced the appointment of Denis Duverne as chair of its Steering Committee, succeeding Stephen Catlin,...
Global H1 Insured Natural Disaster Losses 40% Lower than 10-Year Average: Aon July 26, 2018 Global insured losses from natural disasters for the first half were preliminarily estimated at US$21 billion, which is 40 percent...
Reinsurance Capacity Remains Abundant for Mid-Year Renewals: Aon Benfield April 18, 2018 By L.S. Howard Global reinsurer capital continued to rise in 2017, despite the US$136 billion in insured losses from natural catastrophes last year,...
Everest Re Expects Q1 Catastrophe Losses of $100M on Rising California Wildfire Claims April 12, 2018 Everest Re Group Ltd. estimates it will incur $100 million of catastrophe losses, net of reinsurance recoverables and reinstatement premiums,...