Economic cost of Nepal earthquake could reach US$5bn – Aon
May 9 2015 by InsuranceAsia News-
AM Best downgrades Himalayan Re amid CEO arrest, fraud investigation
- September 4
Rating agency downgrades Neaplese reinsurer's ratings to B (Fair) and places them under review with negative implications.
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Nepal flood claims top US$170m as death toll surpasses 1,100
- September 2
Oriental Insurance receives the highest claim volume, while engineering and construction risk policies have taken the hardest hit.
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International reinsurers to absorb most insured losses from Nepal flash floods: AM Best
- August 30
Insured exposure is expected to be concentrated on commercial risks, primarily hydropower assets, infrastructure projects, and properties along the Nepal-China trade corridor.
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Nepal flash floods insured losses could top US$1bn, spilling into reinsurance
- August 28
Major international and regional reinsurers, including Hannover Re, GIC Re, Saudi Re, and Kenya Re, face material exposures via direct and retrocession programs.
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