Industry Segments: Catastrophe Page 31 / 45
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- January 28 2020
Australia’s recent nat cat claims surpass US$1.46bn
Losses since November are significant which means reinsurance rates could climb.
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- January 27 2020
IAG’s profit margin falls as nat cats take toll
Australia's dramatic natural disasters continue to impact P&C players.
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- January 24 2020
Australia slammed by 55,000 claims from hailstorms
The mounting toll comes as bushfires flare up again.
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- January 23 2020
Nat cat insured losses hit US$845bn last decade: Aon
Global costs of economic damage more than doubled with Asia Pacific accounting for 44%.
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- January 22 2020
Sirius’ Cramér Manhem on growth, pricing and nat cats
The president of global reinsurance explains the hiring of a fac team from ACR and Asia's appeal.
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- January 22 2020
Claims’ bill from Australia’s hailstorms is US$278m: update
Destructive storms are giving claims professionals no rest bite from the bushfires.
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- January 21 2020
Australia bushfire claims at US$970m as hailstorm hits
More extreme weather to strain Australia's insurers.
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- January 15 2020
Market hedged against Australia’s long, hot summer
The risk transfer policies of leading insurers means the sector will bounce back.
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- January 15 2020
Philippines to relaunch P&C state protection bid
The timetable to arrange US$19.6bn of reinsurance nat cat cover has yet to be finalised.
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- January 15 2020
Australia’s bushfire bill edges towards US$1bn
Furthermore a sharp increase in claims is expected this week.
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- January 13 2020
How can models adapt to Japan’s typhoon risk?
The market needs to balance optimistic assumptions, multiple models and climate change.
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- January 13 2020
Australia’s bushfire claims manageable: Moody’s
Market underpinned by strong underwriting discipline as claims reach US$644m.
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- January 10 2020
Suncorp hit by US$237m of bushfire claims
The Brisbane insurer has had 2,600 claims so far and exceeded its first half nat cat allowance.
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- January 9 2020
Rising premiums are inevitable: Tokio Marine’s Komiya
President says pricing in Japan needs to match increased risks.
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- January 9 2020
Munich Re pegs Typhoon Hagibis claims at US$10bn
The storm was a major contributor of global insured nat cat losses of US$52bn in 2019.
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- January 8 2020
Australia’s majors meet treasury as bushfire claims hit US$484m
The government has offered US$1.38bn towards recovery efforts from the bushfires.
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- January 6 2020
Australia bushfire claims shoot up to US$299m
The total has climbed significantly since last week, and the crisis continues.
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- January 6 2020
IAG ups cat reinsurance cover by US$700m
Protection increases after breaching perils allowance in first half of the financial year.
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- January 2 2020
Bushfire claims reach US$167m in Australia
The latest tally is likely to rise much further.
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- January 2 2020
Typhoon Phanfone costs Philippines US$20m in damages
The nation's 21st storm of 2019 has damaged crops and homes; and cost 50 human lives.
