The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re March 26, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
Hedge Fund That Rode Catastrophe Bond Rally Mounts Tactical Retreat March 13, 2024 By Gautam Naik A hedge fund that last year delivered its best result ever thanks to catastrophe bonds is now scaling back its...
US, Philippines Pay Highest Economic Price for Climate-Fueled Weather February 28, 2024 By Leslie Kaufman The United States and the Philippines are the countries hit hardest by climate-driven extreme weather, measured as a percentage of...
Swiss Re, Others, Drop Call for Moscow Aviation Dispute Hearing February 7, 2024 By Carolyn Cohn and Kirstin Ridley Swiss Re is among a growing list of reinsurers to drop its demand that a near $10 billion battle with...
After $70 Billion Hit, Insurers Wake Up to Growing Risks of Severe Convective Storms January 25, 2024 By Gautam Naik The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest loss category. While...
Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk January 22, 2024 By Gautam Naik and Sheryl Tian Tong Lee For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. The...
Another View: Yes, P/C Industry Underwriting Profit Will Be Back in ’24 January 19, 2024 Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings...
Swiss Re Buys Cyber Market’s 1st Retrocession ILW, Brokered by Gallagher Re January 17, 2024 Swiss Re has purchased the cyber market’s first retrocession industry loss warranty (ILW), brokered by Gallagher Re and supported by...
Global Insured Losses From Severe Convective Storms Hit New High of $60B: Swiss Re December 7, 2023 Global insured losses from severe thunderstorms have hit a new all-time high of US$60 billion in 2023, with overall natural...
P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re November 28, 2023 By L.S. Howard The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic...