Subject: Catastrophe Page 43 / 61
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- September 24 2020
PartnerRe’s James Beedle says “rates to harden” in Asia
The firm's regional CEO on market adaptation to the pandemic in preparation for 1:1 renewals.
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- September 21 2020
Market responds to Indonesia’s huge flood risks
As Jakarta sinks, Guy Carpenter ramps up investment in cat modelling.
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- September 16 2020
Flood claims in NZ approach US$50m from two events
Payouts for July's Northland floods have already exceeded February's Southland disaster.
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- September 14 2020
Hannover Re bullish on price rises for APAC 2021 renewals
The firm, led by Jean-Jacques Henchoz, sees progress, including in Australia and Japan.
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- September 10 2020
Market counts losses from multiple typhoons in Korea and Japan
Adjusters are surveying the damage, as a large ethane ship floods while it is being built.
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- September 9 2020
Guy Carpenter targets Indonesia’s growing flood risk
APAC CEO Tony Gallagher says it impacts thousands each year, with significant cover gaps.
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- September 7 2020
2,000 unresolved claims 10 years after Canterbury earthquakes
Overall payouts have climbed over US$20bn.
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- September 4 2020
Typhoon Haishen to follow similar path to Typhoon Maysak
The potential super typhoon is set to hit parts of Japan and South Korea over the weekend.
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- September 2 2020
Typhoon Maysak threatens South Korea’s Busan
The market is bracing for claims over the next few days.
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- September 1 2020
Australia Bushfire Commission: “Tough reality ahead” for market
More extreme summers and large losses are in store for (re)insurers.
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- August 27 2020
Australia’s P&C profits tumble as nat cat bill hits US$2.8bn
Market deals with double whammy of extreme weather and large falls in investment income.
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- August 27 2020
Korea’s market bracing for damage from Typhoon Bavi
Some significant property claims are expected from the storm.
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- August 18 2020
Review of Australia’s cyclone reinsurance pool nears completion
The scheme could help reduce premium prices and increase coverage.
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- August 17 2020
Does climate change in New Zealand mean premium rises?
Market players such as IAG are recognising the urgent need to act alongside the government.
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- August 14 2020
South Korea’s P&C players hit by US$40m rain losses
The longest monsoon in the country since 2013 has flooded thousands of vehicles and homes.
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- August 12 2020
Global cat insured losses at US$31bn in H1: Swiss Re
The figure is up from last year but below the recent average of US$36bn.
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- August 11 2020
SE Asia to confront increase in wildfires
A report from data analytics firm Twenty Four Seven examines the decade 2030 to 2040.
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- August 7 2020
Asia monsoon season leads to US$20bn economic losses: Aon
There have been over US$750m of insured losses in China alone.
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- August 5 2020
IAG has settled 12,400 summer bushfire claims
The Aussie major has been hit hard by nat cat costs and Covid-19.
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- August 5 2020
Japan’s P&C majors seek up to 10% premium hike: report
After several years of severe flooding, premiums will rise for high risk flood areas.
