Natural catastrophes (Nat Cats)
Munich Re estimates Sandy losses close to £400m
Munich Re has estimated its share of the losses from superstorm Sandy at the "mid three-digit million" euro range, despite the high number of individual losses making it difficult to assess the extent of the damage.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
Top five European news stories
The top five news stories from www.insuranceinsight.com over the past seven days.
Swiss Re places bonds to combine nat cat and mortality risks
Swiss Re has obtained $200m in coverage against North Atlantic hurricane and UK extreme mortality risk through its new Mythen Re programme.
Crawford to realise superstorm Sandy claims in Q4
Crawford & Company has anticipated that superstorm Sandy will generate "significant claims" expected to materialise in the fourth-quarter results.
Scor catastrophe bond to protect against European perils
As part of a strategy to diversify its capital protection tools, Scor has launched a multi-million pound catastrophe bond to provide protection against European windstorms, US hurricanes and earthquakes.
Hiscox attributes £1.2bn GWP to errors and omissions rate rises
Hiscox has reported gross written premium of £1244.4m for the nine months to 30 September 2012, a 6.4% increase on £1169.5m for the same period in 2011.
Scor places catastrophe bond against Europe and US perils
Scor has launched a multi-million pound catastrophe bond to provide protection against US hurricanes and earthquakes and European windstorms as part of a strategy to diversify its capital protection tools.
Cyclone Nilam makes landfall near Chennai
Tropical cyclone Nilam, the second named cyclone of the 2012 North Indian Ocean cyclone season, made landfall in the Indian state of Tamil Nadu at about 4.30pm local time on Wednesday with maximum wind speeds of 80km-90km per hour, according to…
Post Blog: When Greg met Sandy
As superstorm Sandy created havoc across the eastern seaboard, Greg Gladwell, CEO UK & Ireland at Crawford & Company, found that his holiday in New York was not going to plan.
US firms hit by Sandy could face claims battle
Business losses triggered by superstorm Sandy are expected to be exacerbated by the fact that few firms have policies to cover loss of income when their operations are disrupted by a supplier’s poor fortune.
Firms unprepared for Sandy BI losses, Willis' Texeira warns
Hurricane Sandy could cost insurers between $5bn and $10bn, according to a report in The Wall Street Journal, while Bloomberg reports that the hurricane's toll is poised to cause $20bn worth of "economic damage".
Post magazine - 1 November 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Caribbean cat risk report issued on Sandy
The Caribbean Catastrophe Risk Insurance Facility has issued a risk report after two of its members, Jamaica and the Bahamas, were hit by tropical cyclone Sandy.
GC develops industrial park database after Thailand losses
Guy Carpenter has developed a database of industrial estates in China, Taiwan, Thailand and Indonesia to help clients identify and evaluate potential risks in the region.
Sandy could cost insurers $15bn
Insured losses from storm Sandy to properties in the US are expected to be between $7bn and $15bn, according to catastrophe modeling firm AIR Worldwide.
"Largest Atlantic hurricane on record" could bring losses of up to $15bn, warns AIR
Insured losses from Sandy to onshore properties in the US will be between $7bn and $15bn, AIR Worldwide has estimated.
Storms and strikes among biggest concerns for insurers
Catastrophic acts of violence, mining strike contagion, unexpected 'perfect storms' and a nation paralysed by cyber terrorism are among the biggest risks facing the insurance industry, according to Willis Group.
Sandy wreaks havoc in New York subway
The New York subway faces unprecedented challenges after flooding caused by post-tropical cyclone Sandy.
Insurer stocks dipped ahead of Hurricane Sandy landfall
Stocks for European insurers, including Allianz SE and Zurich Insurance Group, fell on Monday as the US prepared for Hurricane Sandy, which is expected to cause $5bn-$10bn in insured losses, according to modelling firm Eqecat.
Guy Carpenter probes causes of Thailand flood losses
Guy Carpenter has published an in-depth review of the meteorological and man-made factors that contributed to the 2011 Thailand flood catastrophe and resulting insured losses, estimated at between $15bn and $20bn.
Aon Benfield launches Thailand flood model
Global broker Aon Benfield has launched a flood model for Thailand to help global insurers better understand their exposures in the region.
US homeowners batten down the hatches as Hurricane Sandy nears
Risk modelling experts predict mass damage to properties and widespread power outages across New York City when Hurricane Sandy hits the east coast of the US today.
Europe's climate change risks in the spotlight
Natural catastrophes and disasters are an important area of research and development in the insurance world, says BrokersLink's Paul Bitner.