Industry Segments: Catastrophe Page 30 / 45
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- April 7 2020
ICA forms NSW disaster agency led by fire commissioner
ICA's head of operations Karl Sullivan says it will focus on risk mitigation and recovery.
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- April 1 2020
Australia’s market grapples with extreme weather claims, Covid-19
A February storm has cost the market over US$480m.
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- March 26 2020
Hannover Re’s Eberhardt on Australia’s long, hot summer
Unprecedented claims from recent bushfires is showing the value of reinsurance.
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- March 24 2020
World Bank’s pandemic bond under scrutiny
Despite thousands of deaths and financial turmoil, it still isn’t clear if the facility will trigger.
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- March 20 2020
Australia’s summer loss bill surpasses US$2bn
Recent flooding has compounded bushfires and hailstorms with Covid-19 to add more claims.
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- March 9 2020
Australia’s summer losses climb to US$3.3bn, says APRA
The number of extreme weather events for the market is likely to increase in future.
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- March 4 2020
Mitsui Sumitomo sponsors US$75m Singapore cat bond
MS&AD subsidiary is looking to protect typhoon and wind risk under the name Akibare Re.
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- March 4 2020
Australia’s January hailstorm losses jump 26% to US$528m
There have been 87,500 claims filed of which 60,000 related to motor vehicle damage.
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- March 3 2020
Timaru hailstorm was NZ’s third costliest nat cat in 100 years
The November storm will cost insurers over US$50m in a nat cat heavy Q4.
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- February 25 2020
Taiping Re’s Polly Ho on typhoons, the GBA and BRI
The reinsurer understands the challenges and opportunities of the flagship initiatives.
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- February 20 2020
Australia’s January hailstorm claims jump to US$428m
There have been almost 70,000 claims in ACT, New South Wales and Victoria.
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- February 17 2020
Allied World’s Garrison on rates, nat cats and data
After 5 years in Asia the leader is encouraged by an increasingly sophisticated market.
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- February 17 2020
Next Jebi scale wind loss likely 20 years away: PartnerRe
A storm study has placed the 2018 storm, which caused a US$13bn loss, in historical context.
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- February 17 2020
Australia’s bushfire losses to exceed Ash Wednesday
While the worst of the fires are over, the costs are continuing to rise.
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- February 12 2020
World Bank’s influence over Asia’s nat cat cover grows
Reinsurers are allying with the Washington institution to create some sizeable programmes.
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- February 12 2020
IAG’s H1 profits fall 43% as Harmer raises climate fears
The firm is now expecting A$850m of nat cat costs this year, up from A$715m in January.
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- February 11 2020
Australia’s Townsville floods were US$832m property loss: Perils
The 2019 disaster brought record-shattering rainfall and the highest payout since the Brisbane Floods.
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- February 10 2020
Flooding and Cyclone Damien add to Australian insurers’ woes
The storm and other downpours will bring more claims but could help contain the bushfires.
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- February 7 2020
Japan and Singapore team up for Asia nat cat risk scheme
The protection programme will support lower income countries.
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- January 31 2020
Axis hit by Japan’s “record typhoon season”: Benchimol
CEO has said 2019's group profits didn't meet expectations.
