Industry Segments: Catastrophe Page 46 / 52
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- February 27 2018
QBE posts US$1.25bn net loss for 2017
The losses are attributed to claims from natural disasters and underperforming businesses in emerging markets.
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- February 1 2018
Cat bond market hit record US$11bn issuance in 2017
In total, 35 catastrophe bonds were issued by 31 different sponsors in the insurance-linked securities sector.
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- January 26 2018
2017 was costliest year on record for weather disasters
There were 330 natural catastrophes in 2017, 97% of which were caused by weather disasters.
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- January 25 2018
QBE expects to book $1.2bn in losses
Huge wildfires in California, storms in Australia and Hurricane Maria contributed to unprecedented costs.
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- January 19 2018
ClimateWise appoints Aon Benfield exec as chair
Dominic Christian, executive chairman of Aon Benfield International, takes over from Aviva's Maurice Tulloch.
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- December 20 2017
AIR Worldwide partners with PICC Re
The Chinese reinsurance arm of PICC has already received regulatory approval for the partnership.
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- December 15 2017
Philippines to probe GSIS reinsurance contracts
An inquiry into the Government Service Institution System highlights the challenges faced in emerging markets.
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- December 11 2017
Vietnam suffers rare US$1bn loss after Typhoon Damrey
This year marks the first time since 1993 that Vietnam has had a season with a Cat 2 and 3 typhoon landfall.
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- November 23 2017
Non-life, reinsurance prices forecast to go up
The string of large natural catastrophes this year could lead to rate hardening next year and in 2019, says a new report.
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- November 20 2017
Korean insurers ask for government help on earthquake risk
Insurers say earthquake policies will not be profitable unless the government shares a bigger financial burden.
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- November 14 2017
Disaster coverage could become too expensive
The industry needs to find solutions if it wants to adapt to the threat of climate change, according to Munich Re.
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- November 6 2017
AIG posts US$1.74bn loss
The third-quarter loss was caused by one of the markets single biggest hits from hurricanes.
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- November 1 2017
Global extreme weather losses reach US$129bn for 2016
Economic losses will continue to increase due to droughts, storms and floods caused by climate change.
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- October 11 2017
UN warns of more destructive disasters in Asia
The warning comes from the UN's Economic and Social Commission for Asia and the Pacific.
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- October 11 2017
AIG sees third-quarter cat losses of US$3bn
The figure includes US$1 billion each from hurricanes Harvey and Irma, and up to US$700 million from Maria.
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- October 9 2017
Big losses expected from recent hurricanes
The global insurance industry may face losses of up to US$100bn from hurricanes Harvey, Irma and Maria.
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- October 4 2017
QBE says 2017 could be costliest in history
The Australian insurer expects its earnings to be dented by rising claims from this year's disasters.
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- October 4 2017
Major insurers join blockchain insurance initiative
Twenty-three insurance groups have joined the Blockchain Insurance Industry Initiative (B3i).
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- October 2 2017
Lloyd’s expects to post a net loss for 2017
Hurricanes in the US, plus the Mexican earthquake and floods and typhoons in Asia have taken their toll.
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- September 25 2017
Reinsurers suffering from rush of natural disasters
Global reinsurers are starting to feel the effects of the recent frequency of hurricanes and earthquakes.
