Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma August 18, 2016 Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44...
Reinsurers May Reassess Cat Exposures When Normal Claims Levels Return: S&P August 17, 2016 Most global reinsurers have been able to maintain underwriting discipline despite the ongoing soft market, but there is a danger...
Zurich Insurance Q2 Net Income Declines 12% on Restructuring, Nat Cats August 11, 2016 By Jan-Henrik Förster and Jeffrey Vögeli Zurich Insurance Group AG said second-quarter profit fell 12 percent on higher restructuring charges and claims from natural catastrophes as...
Ports in Japan, China and U.S. Face Highest Risk from Natural Catastrophes: RMS August 8, 2016 By Agnel Philip Ports in Japan, China and the U.S. face the greatest financial risk from natural disasters because of their vulnerable locations...
Just 2% of China’s July Floods Covered by Insurance, vs. Nearly 70% in U.S.: Aon August 5, 2016 China’s seasonal “Mei-Yu” rainfall in July led to the worst flooding since 1998, bringing total combined economic losses of an...
Global Insured Losses Hit $30B in 1H 2016, 30% of Economic Losses: Aon Benfield July 21, 2016 Preliminary global economic losses reached US$98 billion during the first half of 2016, while global insured losses hit US$30 billion...
Storms & Earthquakes Drive Up Insured Losses in 1H 2016: Munich Re July 13, 2016 Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the...
Insurers, Banks & Pension Funds ‘Must Address’ Climate Risk Exposures July 13, 2016 By Doug Alexander The world’s insurers, banks and pension funds are “inherently susceptible” to threats from climate change and must make adjustments, from...
Global Flood Events Rack Up $5B in Economic Costs in June: Aon Report July 8, 2016 Major floods across the globe during June – topped by events in China and the U.S. – are expected to...
Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re June 29, 2016 By L.S. Howard Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in...