Industry Segments: Catastrophe Page 25 / 52
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- May 10 2022
Swiss Re upbeat on Asia despite Q1 losses
The reinsurer took a hit from nat cats in Australia, but Victor Kuk sees demand recovery in Asia.
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- May 4 2022
Aussie floods put pressure on capacity ahead of renewals
P&C insurers have begun increasing premiums and tightening policy wordings as they take stock.
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- May 3 2022
Asian reinsurers challenged by cat modelling: Fitch director
Protection gap suggests vast potential for reinsurance growth.
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- April 20 2022
Australia flood loss estimate tops US$2.9bn in ‘complex’ event: Perils
The application of event definition clauses for reinsurance purposes will vary across the market.
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- April 20 2022
Asia hit with US$15bn nat cat losses in Q1: Aon
Economic losses were higher than in any other region during the first quarter.
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- April 14 2022
Tropical Storm Megi causes property losses
The weather event has triggered extensive damage and left 80 dead in the Philippines.
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- April 7 2022
Australia government in u-turn over Queensland’s disaster funding
The federal arm has now agreed to fund half of an extreme weather resilience package.
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- April 7 2022
ICA urges government ‘not to wash hands’ of resilience responsibility
Criticism comes over participation in Queensland's US$562m extreme weather package.
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- April 6 2022
Q&A: Swiss Re’s Mark Senkevics
Head of P&C underwriting for Asia and ANZ on extreme flooding events in Asia, and how these can be managed going forwards.
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- April 6 2022
New South Wales launches flood inquiry
The recent flooding has been some of the worst in the state's history.
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- April 5 2022
Cyclone Dovi claims reach US$30.8m: ICNZ
The February storm hit areas including Northland.
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- April 4 2022
Australia P&C renewals to be ‘tougher’ as cats bite: AM Best
Insurers usually buy cat excess-of-loss reinsurance with a limit above an expected 1-in-200-year loss.
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- March 31 2022
Cyclone reinsurance pool legislation passes in Australia
ICA urges details about the impact on premiums to be released.
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- March 28 2022
Governments should step up nat cat market outreach
Recent flooding in Malaysia and Australia reinforce urgency in setting up protection schemes.
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- March 25 2022
Larger, more frequent weather events drive Asia losses
Summer flooding in China in 2021 was one of four events globally that topped US$20bn economic loss.
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- March 25 2022
Japan earthquake property losses below US$4bn: Verisk
A maximum of US$820m can be attributed to commercial and industrial properties.
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- March 25 2022
2021 NSW and Queensland flood loss downgraded to US$515m: Perils
The data specialist had expected in September that the event would cost the market US$562m.
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- March 24 2022
Australia flood claims reach US$1.8bn: ICA
Over 159,000 claims lodged with insurers in one of the country's worst flooding disasters.
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- March 18 2022
New Zealand introduces nat cat Bill for disaster response
The move helps clarify the current Earthquake Commission Act and takes lessons from 2010-11.
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- March 17 2022
Suncorp sees 34,000 flood claims, ups nat cat allowance
The group is forecasting a net retained loss of US$54m as it seeks recoveries from reinsurance.
