Subject: Catastrophe Page 4 / 75
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- June 29 2026
Global property catastrophe rates fall to minus 16% at 1.7 renewals: Guy Carpenter
Guy Carpenter says the competitive pricing environment 'continued to prevail' during the midyear renewals, which include Australia and New Zealand.
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- June 24 2026
GSIS sets aside US$1.1m in reserves for Mindanao earthquake claims: report
Figure covers initial reports involving 4,403 insurance policies with a combined insured value of US$383.2m.
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- June 18 2026
BirdsEyeView spies Australia as ‘competitive edge’ opportunity with new wildfire model after seven-figure funding
Seasonality of bushfires in Australia is shifting due to climate change, according to founder and CEO James Rendell.
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- June 17 2026
Brokers back fire levy review, call insurance funding model an ‘unfair burden’
Insurance Council of New Zealand chief executive Kris Faafoi also says the latest review is a timely and positive step toward ensuring the long-term sustainability of a critical public service.
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- June 15 2026
Philippines quake claims expected to escalate, testing local claims management, loss adjusters say
Region is still assessing widespread destruction after the 7.8 quake struck south of General Santos City last week, with loss adjusters warning that early loss estimates will climb as structural defects, foundation movement, hidden damage, and BI exposures emerge.
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- June 14 2026
New Zealand’s NHC grows reinsurance program to record US$7.3bn
The expanded limit reflects the strong confidence of the international reinsurance market in the agency, according to NHC CEO Tina Mitchell.
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- June 11 2026
El Niño raises winter bushfire risk across Australia: IAG
While reporting its quietest start in over a decade for weather-related claims, the insurer warned that emerging dry conditions are elevating bushfire risk.
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- June 10 2026
Philippines quake to weigh on reinsurers despite insured losses capped by low penetration: AM Best
While overall insured losses remain limited, multi-line losses from the 7.8-magnitude earthquake will impact reinsurers, reflecting the market’s reliance on global capacity.
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- June 10 2026
IAG warns New Zealand’s ‘piecemeal’ approach to natural hazards is unsustainable
Insurer has identified 42 gaps in the current nat cat resilience effort and proposed a 15-year roadmap to strengthen the country's risk reduction strategy.
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- June 8 2026
Strong 7.8 quake off southern Philippine causes widespread damage, fatalities
Death toll from the strongest earthquake in over a decade in the Philippines has risen to 14 and approximately 10,000 families have been affected
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- June 3 2026
ICNZ wants fire and emergency levy scrapped, replaced with disaster prevention funding
Insurance Council of New Zealand (ICNZ) says reforms could redirect over US$355m a year into disaster prevention projects.
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- June 2 2026
Typhoon Jangmi batters Japan’s Okinawa and Kagoshima, heads for Kyushu
Tropical storm injures at least nine people and leaves over 48,000 homes without power as of Tuesday afternoon.
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- May 29 2026
Seadrif, UN launch anticipatory drought insurance pilot in Laos
Policy provides pre-arranged financing based on early warning data, before drought conditions severely affect farming households and rural communities.
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- May 27 2026
Insured losses from late-November storms in Australia trimmed: Perils
Personal lines property losses represent 67% of the loss, while commercial lines property losses represent 21% and motor losses 12%.
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- May 27 2026
‘Pronounced softening’ at Florida renewals bodes well for APAC insureds, but long-term risks are building
Double-digit price cuts at the June 1 Florida renewals point to near-term relief for APAC cedents, yet rising coastal exposure and inflation-driven construction costs warn that rating adequacy remains a longer-term challenge.
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- May 25 2026
China floods trigger US$110m in losses as claims top 33,000
Insurers have paid out US$31m in claims following heavy rains across southern and central China, according to the National Financial Regulatory Administration.
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- May 20 2026
Munich Re warns of ‘turbulent typhoon’ season in North Asia as ‘Super El Nino’ risk looms
El Nino is likely push 2026 typhoon activity above 30‑year average in the region with approximately 27 named storms, 18 typhoons and 11 severe typhoons possible this year.
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- May 19 2026
Australia’s cyclone pool cuts premiums by 37%, boosts availability in high-risk areas: ARPC
Government-backed reinsurance scheme improves affordability and access in cyclone-prone regions, with insurer participation driving a 27% rise in policy availability since its launch in 2022.
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- May 14 2026
Victoria bushfires claims tally hits 4,700 amid ‘long road to recovery’: ICA
January's bushfires were the worst for the insurance industry since the 2019-20 season known as Black Summer.
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- May 14 2026
Tokio Marine open to more ILS deals ‘if there’s any room’, as Kizuna Re highlights strong earthquake demand
Latest outing raised US$100m in Singapore, with assistant manager for global reinsurance, Ken Oka, telling InsuranceAsia News that the insurer has studied issuing catastrophe bonds in Hong Kong.
