Natural catastrophes (Nat Cats)
Zurich's head of corporate business hails opportunities of urbanisation
Thomas Hürlimann, CEO global corporate, Zurich sees a bright future for the insurer in the Asia-Pacific region as people flock to cities near shorelines and fault lines.
Asia-Pacific catastrophe limit grows
Total Asia-Pacific catastrophe limit purchased in 2013 increased for the tenth year in a row, but did not keep pace with strong GDP growth in the region, according to a new report from Guy Carpenter.
Windstorm could result in underwriting losses in Germany, predicts AM Best
Regionally focused German insurers may incur underwriting losses for the year from an accumulation of natural catastrophes, a report from AM Best has found.
Windstorm unlikely to impact UK insurers' performances, predicts AM Best
UK non-life insurers remain on course to post strong overall performances in 2013, despite last week’s windstorm, according to a report from AM Best.
C-Suite: It’s time to get personal
The increasingly connected world presents greater challenges for insurers – they must rise to the task.
13 die in European storm
A powerful storm swept across North Europe yesterday with some devastating consequences.
Australian catastrophes have cost AUS$8.8bn since 2010
Catastrophes since the start of 2010 have caused billions of dollars of damage across Australia with insurance losses of more than AUS$8.8bn ($8.4bn).
New South Wales bushfires to cost insurers AUS$145m
The Insurance Council of Australia has estimated AUS$145m of damage from the New South Wales fires which ripped through the Blue Mountains over the last two weeks.
Over 40 people die in Indian floods
48 people have been reported dead in floods in the Indian states of Andhra Pradesh and Orissa within the last week.
IAG moves quickly over bushfires
IAG has settled over half of 600 total loss claims from the devastating bushfires in New South Wales.
Europe a reinsurance buyer’s market claims Willis Re
Increased capacity, competition and changing market dynamics have created a buyer’s market for European cedants according to Willis Re.
Disaster preparedness should top agenda says IMechE
The rapid growth in the number of people living in cities and urban landscapes is increasing the world’s susceptibility to natural disasters, according to a report by the Institution of Mechanical Engineers.
Axa places €350m of cat bonds for European windstorm risk
Axa Global has placed €350m (£295) of catastrophe bonds to institutional investors through Calypso Capital II providing the insurer with protection against European windstorm risk.
Risk managers and loss adjusters urge business interruption shake-up
Insurers told to do more to protect increasingly global supply chain.
View from the Top: Climate change's impact on tropical storms
Following the release of the Intergovernmental Panel on Climate Change report, Peak Re’s Dr Graham Cook has conducted a study on the impact of climate change on potential tropical cyclone losses.
Artemis records $6.24bn of cat bonds in 2013
Artemis has recorded $6.24bn (£3.91bn) of new catastrophe bond issuance and insurance-linked securities issuance so far in 2013.
Over 100 dead as earthquake strikes Philippines
A magnitude 7.1 earthquake killed at least 32 people in the Philippines on Tuesday 15 October, including 15 people in the country's second largest city Cebu.
No major insurance losses expected from typhoons Nari and Phailin
The two most recent typhoons in Asia are unlikely to cause major insurance losses according to industry experts.
Huge powerful typhoon heading towards India
A potentially destructive storm called Phailin is heading towards India this weekend.
Governments count cost of September catastrophes
The latest Aon Benfield Impact Forecasting Global Catastrophe Report reveals $15bn of economic losses.
German nat cat loss estimates released
Germany continued to fuel catastrophe losses for insurers and reinsurers in the third quarter, with several underwriters issuing estimates from hailstorms in the region.
Thailand's catastrophe fund 'returns rates to normal'
Payungsak Chartsutipol, chairman of the board of the National Catastrophe Fund, has claimed that Thai insurance rates have returned to a normal level thanks to the fund.
Indian Prime Minister warns over natural disaster threat
The Prime Minister of India Manmohan Singh has warned India needs to take greater preventative measures towards the onset of natural disasters.
Typhoon Fitow hits Eastern China
Yet another typhoon has hit Eastern China cutting power and causing damage to homes.