Natural disasters caused US$35bn insured loss in 2015
January 15 2016 by InsuranceAsia News Staff-
Baltimore bridge collapse’s insured losses could hit US$4bn: report
- March 28
Insured losses could total range from US$2-4bn, with 80 different reinsurers having provided cover to the Singapore-flagged container vessel's insurers, Reuters reports.
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China Re returns to profit on strong FY2023 primary P&C, overseas growth
- March 28
China's largest P&C reinsurer said lower cat losses, and improved rate conditions at its wholly-owned Chaucer also helped it achieve a 18% growth in overseas reinsurance gross written premium.
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China expands national nat cat pool to cover perils beyond earthquakes
- March 27
The nat cat insurance mechanism will now also include typhoons, floods, torrential rains, mudslide and landslide, it will double limits per household, as well as support commercial cat cover.
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Britannia P&I’s Bermudan reinsurers, Axa XL set to bear brunt of multi-billion-dollar Baltimore bridge collapse
- March 27
The event involving Singapore-flagged Dali, which could likely be the biggest insured loss in maritime history, will increase pool layer costs and container GXL pricing next year, sources tell IAN.