When Turkish lender Denizbank paid more than $350 million for the building that houses its headquarters in April, the purchase...
Turkey earthquake News
Inflation continues to have an effect on property exposures with sums insured for European windstorm increasing by 10.1% year-on-year at...
Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123...
Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that...
This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased appetites” and a...
The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an...
Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50...
The third loss estimate for the Kahramanmaras Earthquake Sequence, which hit large parts of south-central Turkey and neighboring Syria on...
Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag...