All Catastrophe losses articles
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NewsIdalia: Moody’s RMS provides $3.5bn insured loss estimate; versus $2.5-4bn Verisk figure
The first major hurricane landfall in Florida’s Big Bend since records began in 1842, Idalia could have been much worse had it taken a different track or not weakened before landfall.
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NewsIndustry cannot be expected to foot climate bill – Swiss Re
‘Holistic adaptation roadmaps that cut across all levels of society and sectors are vitally needed,’ says UK and Ireland chief executive
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NewsLloyd’s reveals 2022 loss after paying out £21 billion in claims
With prices increasing by 8%, the Lloyd’s market has now seen 20 consecutive quarters of positive price improvement
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NewsHurricane Ian drives 2022 nat cat claims to breach $100 billion
Losses paint a picture of growing property exposure and exceptional inflation, says sigma
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NewsAM Best follows other rating agencies in SCOR downgrade
The French-based global reinsurer has had its FSR downgraded to A (Excellent) from A+ (Superior)
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NewsSCOR reports net loss of €301m in 2022
The combined ratio for the P&C unit stands at 113.2% as Kessler acknowledges it was a “disappointing” year
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NewsNat cats will continue to test reinsurers in 2023 - Moody’s
However, strong price increases coupled with higher investment income from rising interest rates will boost profitability
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NewsInsurance M&A hits post-pandemic peak in 2022
There were 449 completed M&As last year, the highest for a decade, with strong prospects for 2023, says Clyde & Co
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NewsTotal Turkey quake claims will exceed $5 billion - RMS
These loss estimates reflect the impact of the earthquakes in Turkey only; losses in Syria are not included
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NewsTurkey insurance losses likely to be borne by reinsurers
Claims could potentially reach $1 billion, with total economic losses over $4 billion, says Fitch Ratings
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NewsTürkiye quakes to cost an estimated $1 billion
Devastating earthquakes will add to an already challenging operating environment for Turkish re/insurers, warns AM Best
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NewsHannover Re sees property cat rate hikes of 30%
Prices and conditions ’not seen in decades’ was present at 1 January, as reinsurer looks to mid year
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NewsHannover Re expects 2022 net income of €1.4 billion
The reinsurer has increased its net major-loss budget for 2023 to €1.725 billion
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NewsHesitant capital remains sidelined despite rating improvements - AM best
High levels of nat cat losses, coupled with rising inflation and geopolitical concerns, is denting appetite for property cat
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News“Fingerprints of climate change” evident in 2022 nat cats
2022 is the fifth year since 2017 in which insurance losses have crossed the $100 billion threshold - Gallagher Re
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News2022 nat cats set new records with $120 billion in claims
Hurricane Ian accounted for half of insured losses, making it the second most costly storm in history - Munich Re
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NewsEastern Australia floods top 2022 ex-US cat losses for insurers
The floods cost insurers $4.7 billion, while European winter storms generated $4.2 billion in claims - CRESTA
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NewsKCC puts Winter Storm Elliott losses at $5.4 billion
Estimate includes the privately insured damage to residential, commercial, and industrial properties and vehicles
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NewsClimate change justifies 50% property cat rate hikes - EY
Cat events have cost UK re/insurers more than double over the past six years than the preceding decade
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NewsFitch follows S&P in SCOR downgrade
Downgrade reflects the reinsurer’s continued weak financial performance, which “has worsened in 2022”