Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re April 8, 2020 By L.S. Howard Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty...
Natural Catastrophes Cost $150B in 2019, with Insurers Paying $52B: Munich Re January 8, 2020 By L.S. Howard Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the...
Insured Losses from Typhoon Hagibis Estimated at $7B-$11B: RMS November 1, 2019 Insured losses stemming from Typhoon Hagibis in Japan are estimated to range between US$$7 billion and $11 billion, according to...
Insured Losses from Japan’s Typhoon Hagibis Estimated at $8B-$16B: AIR October 22, 2019 Insured losses from Typhoon Hagibis, which made landfall in Japan on Oct. 12, will be between 865 billion Japanese yen...
Typhoons Faxai, Hagibis Unlikely to Affect Stability of Japan’s Non-Life Insurers: AM Best October 18, 2019 The recent mega-typhoons in Japan are unlikely to affect the financial stability of the country’s three major non-life insurers due...
RenaissanceRe Estimates Third Quarter Natural Catastrophe Losses of $155 Million October 16, 2019 RenaissanceRe Holdings Ltd. announced it estimates losses from third quarter 2019 catastrophe events will have an estimated net negative impact...
Everest Re Group Estimates Q3 Catastrophe Losses of $280 Million October 16, 2019 Everest Re Group Ltd. announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2019 in the amount...
Hurricane Dorian Ties as Strongest Landfalling Atlantic Hurricane on Record: Aon October 14, 2019 Hurricane Dorian made landfalls in the Bahamas, North Carolina, and Canada in early September, bringing total economic and insured losses...
AXIS Capital Estimates Q3 Catastrophe Losses of Up to $175 Million October 14, 2019 AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events in...
Arch Capital Group Expects 3rd Quarter Catastrophe Losses of Up to $75M October 8, 2019 Arch Capital Group Ltd. announced it expects to report third quarter 2019 pre-tax catastrophe losses of approximately $65 million to...