Storm
Severe weather sets new agenda for Danish insurance firms
Denmark was this year hit by the worst cloudburst ever seen in the country and experts are predicting that weather of this type will only increase. As the insurance market recovered from these claims Anne-Louise Fogtmann asks what they are doing to…
View from the top: Time for action
Insurers must fight to protect their fundamental purpose faced with the threat of external interventions, says Barry Smith, CEO, Ageas UK.
Monte Carlo Rendezvous: A year of catastrophes
2011 has seen a series of serious natural catastrophes follow fast on those of 2010. How will this shape debate next week at Monte Carlo?
Expert opinion: A world of information
Enthusiasm for the National Address Gazetteer has waned since it was announced this would not be free
Hurricane Irene heading for the US, Met Office warns
Hurricane Irene, the first of this year’s North Atlantic tropical storm season, is heading for the Bahamas and is expected to move on to the United States in the next few days, the Met Office has warned.
Cutting down on carbon – mitigating the effects of climate change.
Climate has a profound impact on property-related assets and as scientific evidence of a change in climate becomes more compelling Dr Cliff Warman asks how prepared the European insurance industry is now and for the future.
Tropical storm Gert set to brush by Bermuda
Tropical storm Gert is expected to skirt Bermuda before turning back out to sea, away from the US east coast, according to AIR Worldwide.
Weather related catastrophes hit Markel's COR
Markel International has reported gross written premiums of $227.7m for the quarter ended 30 June 2011, compared to $187.2m for the second quarter of 2010.
Global storm activity increased in July
Aon Benfield's Impact Forecasting has revealed that July was characterised by an increase in global tropical cyclone activity as the calendar turns to the Atlantic Hurricane Season reaching its historical peak of activity.
Hiscox bemoans 'costliest year ever'
Specialist insurer and reinsurer Hiscox was stung by a pre-tax loss of £85.6m (2010: £97.2m profit) in the first half of the year but claims to be "heading towards the sunny uplands of profit".
Munich Re transfers European windstorm risks to capital markets
Munich Re has acquired coverage for European windstorm risks with volume of $150m from Queen Street III Capital, which in turn has placed a catastrophe bond for this amount on the capital markets.
Scientific research improves extreme weather planning
Insurers and commodity markets can make better risk decisions thanks to increased scientific knowledge about the twin climate cycles, El Niño and La Niña.
RMS upgrades European windstorm model
Risk Management Solutions has upgraded its Europe Windstorm Model to include three new Eastern European countries.
First named storm of 2011 hurricane season
Tropical storm Arlene has become the first named storm of the 2011 Atlantic hurricane season, according to catastrophe modelling firm Air Worldwide.
Post Europe June: Exclusive storm modelling, marine and cyber content now live
Post Europe June is now live with a look innovation for storm modeling in Germany; a review of the marine insurance market; and an update on the cyber regulations for Europe.
Post Europe: Storm surge modelling in Germany
The German coastline suffers from storm risks on a regular basis but a lack of accurate storm modelling has meant property policies have not included cover. Edward Murray reports on how this may be set to change.
Exclusive storm modelling, marine and cyber content
Insurance Insight June is now live with a look innovation for storm modelling in Germany; a review of the marine insurance market; and an update on the cyber regulations for Europe.
Storm surge modelling in Germany
The German coastline suffers from storm risks on a regular basis but a lack of accurate storm modelling has meant property policies have not included cover. Edward Murray reports on how this may be set to change.
Met Office predicts a less active 2011 tropical storm season
The Met Office is expecting a less active 2011 North Atlantic tropical storm season with 13 tropical storms forecast between June and November, compared to the 19 that took place in 2010.
Damage management - Surge: Surging ahead
Recent surge events have shown insurers are getting better at coping with large numbers of claims but there is still room for improvement. Sam Barrett finds out what could make a crucial difference the next time an extreme event occurs.
Aon Benfield launches storm surge risk model for Germany
Aon Benfield has launched a storm surge model for Germany – the first of its kind for the country - to help reinsurers quantify risk in this underdeveloped line of cover.
Ace estimates Japan losses of up to $250m
Insurer Ace has predicted net post tax losses from the Japanese earthquake of between $200m (£124.3m) and $250m.
Climate change – are insurers getting behind their own green policies?
With the general public becoming ‘bored’ by environmental issues, Veronica Cowan asks if insurers are really getting behind their own green policies.
In Series - Geography & Solvency II: What are the risks for insurers?
With the implementation of Solvency II looming, Sam Barrett asks if insurers are forgetting to look inwards at the risks their own companies face.