Tower to sustain underwriting profits despite nat cat events: AM Best
April 24 2023 by InsuranceAsia News Staff
MORE FROM: Catastrophe
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Asia accounts for 40% of nat cat economic losses in Q1: Gallagher Re
- April 18
Driven by the Noto Peninsula earthquake, Asia had US$17bn in losses for the first three months of the year, making it the only region with above-average Q1 losses.
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Taiwan earthquake preliminary non-residential losses exceed US$263m: Guy Carpenter
- April 16
While not all of these losses are insured, the residential earthquake insurance fund has reported claims of about US$23m from 472 claims, data from the broker showed.
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HK Insurance Authority courts Chinese insurers, municipalities to grow cat bond hub
- April 15
The regulator is reaching out to Chinese (re)insurers and local governments as it seeks to entice potential cat bond issuers to the city and build an insurance-linked securities hub for the Greater Bay Area.
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Australia’s summer insured cat losses top US$1bn: ICA
- April 11
The cost of the Christmas Storms has now exceeded US$730m from 95,000 claims; and the total losses for the season is expected to further rise with last weekend's storm in New South Wales.
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