Industry Segments: Catastrophe Page 30 / 52
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- June 4 2021
East Asia summer cyclone activity to be ‘above normal’: Guy Carpenter
The number of formations is expected to increase 44% compared to the historical six-month average.
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- June 4 2021
New Zealand’s EQC secures ‘record-high’ reinsurance cover
Aon has helped secure a US$5bn agreement -- a much larger deal than 12 months ago.
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- June 2 2021
Japan’s P&C players struggled overseas in last financial year
Profit drops at 'Big Three' related to Covid-19 and credit insurance, according to Moody's.
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- May 27 2021
Tower Insurance hit by cat claims as H1 profit drops 19.5%
New Zealand P&C player dealt with a large fire and severe flooding, but GWP climbed 6% to US$141m.
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- May 13 2021
Japan earthquakes to cost (re)insurers US$1.29bn: GIAJ
Industry association says the February Fukushima EQ alone led to over 130,000 claims.
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- May 13 2021
Asia’s flood risk landscape shaped by human intervention
Insurance experts stress climate change is not the only determining factor.
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- May 10 2021
NSW, Queensland floods to cost insurers US$827m: Perils
Private property largely covered but infrastructure, crops and livestock mostly uninsured in historic March nat cat.
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- May 6 2021
Australia’s cyclone risk plan a roadmap for emerging Asia
Private sector insurers cannot address the threat alone.
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- May 5 2021
Australia’s US$7bn reinsurance pool targets N Queensland premiums
ICA chief says more needs to be done to lower costs in cyclone-hit region.
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- April 20 2021
Queensland’s April 2020 hailstorm losses rise to US$653m: Perils
The loss estimate has climbed US$250m since October.
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- April 13 2021
Australia’s P&C players face climate trap
Reports suggest nat cat risk is worsening each cycle amid calls for more mitigation measures.
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- April 9 2021
Bank of Korea weighs in on cat bond reform
Central bank officials warn climate change requires a new approach after last year's record rainy season.
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- April 8 2021
Rail losses give recent Japan EQ US$1bn potential
McLarens adjuster tells IAN railway damage is likely to be key factor affecting claims after February's magnitude 7.0 earthquake.
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- April 1 2021
Environmental liability insurance creating opportunities: Fitch
ESG considerations for Asian (re)insurers are creating an underwriting priority reset.
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- April 1 2021
Secondary perils on increase in APAC: Swiss Re
The reinsurer's chief economist warns that climate change has no "expiry date" in the group's latest Sigma report.
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- March 29 2021
IAG pegs recent flood losses at US$153m
NSW and Queensland see 25,000 claims so far according to the Insurance Council of Australia.
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- March 23 2021
NSW floods: 11,700 claims filed and many more on way
Insurance Council of Australia notes that February 2020 rainstorms saw nearly US$800m pay-out.
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- March 22 2021
NSW floods to bring ‘significant’ commercial claims
Market sources tell IAN the loss situation is "dynamic" as Sydney dam overflows.
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- March 18 2021
Tower turns corner on Canterbury quake
New Zealand’s Reserve Bank halves the insurer's minimum solvency level to US$18m.
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- March 18 2021
Japan 1.4 wind hikes to top 7.5%: sources
IAN understands earthquake renewal rates are also set to climb by up to 5%.
