All Catastrophe losses articles
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NewsArgo reveals $22.5m net less for H1
With a combined ratio of 95.6%, the group benefited from more favourable pricing and its exit from catastrophe lines
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Hannover Re reports combined ratio of 99% in H1
The reinsurer is maintaining its profit guidance after generating group net income of €649 million in the first six months
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Swiss Re reports $938m in H1 catastrophe claims
First half income of $157m was dented by natural catastrophe losses, COVID-related losses and reserving for the war in Ukraine
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IAG renews aggregate reinsurance program
It comes as the claims tally from floods in Sydney reaches 8,415, with numbers expected to grow substantially
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Evolving black swans are making the industry nervous
Past industry action has demonstrated that insurance companies take these risks ‘very much in their stride’ - Accenture
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Suncorp reveals reinsurance program changes as it braces for further flood claims
The Australian cedant’s natural hazard allowance is expected to increase to $1.2 billion, reflecting losses to date
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Lessons from the Ituango Dam
Colombia’s Ituango Hydroelectric Project highlights the risks and opportunities for reinsurers in Latin America
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AGCS: Above-average hurricane trend continues
Scientists believe climate change will make hurricanes wetter, increasing the risk of flooding
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Aon’s Reinsurance Aggregate records strong performance
ARA group achieved a return on equity of 10.9% in 2021 - the best result since 2014
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Climate crisis: Re/insurers must overhaul business models
Just 8% of insurers are resilience champions while 73% of policyholders rank climate among their top concerns
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Wildfires threaten New Mexico resorts
More than 300 properties in New Mexico and 500 in Orange Country have been destroyed so far
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Munich Re reports €608m Q1 profit
Annual profit guidance of €3.3 billion remains unchanged, but risk landscape presents “considerable uncertainty”
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Swiss Re reports $248m Q1 net loss
Results reveal impact from the war in Ukraine, nat cat losses and financial market volatility
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AM Best puts Italian insurers on negative outlook
Economic uncertainty, declining profitability and elevated risk profiles are causes for concern
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Ukraine drives Q1 losses up to $30 billion - Guy Carp
An active natural catastrophe period combined with the Russia-Ukraine conflict are driving claims severity
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Orderly renewal at 1 April - Gallagher Re
Capacity largely sufficient in most classes as inflation becomes a key topic
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Reinsurance sector retains stable outlook - AM Best
Hardening trend is expected to continue in 2022 after major cat losses in 2021
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Arch Capital announces catastrophe loss estimates
Included in this range of estimates is an update to the Company’s ongoing exposure to COVID-19 global pandemic claims which are essentially unchanged from the estimate previously disclosed by the Company in its Quarterly Report on Form 10-Q for the nine months ended Sept. 30, 2020.
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Swiss Re Institute estimates USD 83 billion global insured catastrophe losses in 2020, the fifth-costliest on record
Insurance industry losses from natural catastrophes and man-made disasters globally amounted to USD 83 billion in 2020, according to Swiss Re Institute’s preliminary sigma estimates.
