Industry Segments: Catastrophe Page 25 / 53
-
- June 15 2022
Asia nat cats at lowest level in a decade
Damages in 2022 are just US$4.5bn, with losses from storms at their lowest in 20 years.
-
- June 14 2022
Macau extends nat cat scheme to black rain: report
The decision comes after heavy rain hit the SAR last week.
-
- June 13 2022
New Zealand secures record NZ$7.2bn EQC reinsurance cover
EQC chief executive said the country is "punching above its weight" on the global stage.
-
- June 13 2022
Asia casts its eye over the Florida renewals
Munich Re, Swiss Re and RenaissanceRe have all withdrawn capacity from the market.
-
- June 3 2022
Australian floods: modellers struggle with ‘a single consistent view of risk’
Flood risk has become a major catastrophic burden for the Australian market, highlighting the importance of accurate modelling.
-
- June 2 2022
Aussie flood estimates rise by 28%: ICA
Estimates of insured losses now top US$3 billion, with claims at 216,465.
-
- May 27 2022
Australia’s general insurers saw US$303m loss at start of year
The devastating floods in February and March sparked an increase in claims.
-
- May 23 2022
ICA welcomes new Australian government
Labour Party has pledged to provide A$200 million a year for a Disaster Ready Fund.
-
- May 18 2022
Malaysian insurers predict ‘substantial’ price increases due to floods: study
On average around 10% of economic losses are covered, a new report reveals.
-
- May 16 2022
China to set up multi-disaster nat cat system
A CBIRC-run protection scheme currently provides around US$94bn of protection.
-
- May 16 2022
Queensland launches resilience scheme as more floods arrive
The US$500m Resilient Homes Flood is the largest such programme to be launched in Australia.
-
- May 13 2022
Allianz Australia takes 20.8% COR nat cat hit
Combined ratio hits 106.6% after February and March flooding drives €150m loss.
-
- 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.
-
- 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.
-
- May 3 2022
Asian reinsurers challenged by cat modelling: Fitch director
Protection gap suggests vast potential for reinsurance growth.
-
- 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.
-
- 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.
-
- April 14 2022
Tropical Storm Megi causes property losses
The weather event has triggered extensive damage and left 80 dead in the Philippines.
-
- 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.
-
- 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.
