All catastrophe risk articles – Page 2
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NewsHurricane Ian to bring ‘near record’ insurance losses
Ian will leave insurers with their largest loss since Hurricanes Harvey, Irma and Maria in 2017, says GlobalData
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NewsHurricane Ian takes aim at Florida
Current forecasts show the storm skirting the west coast of Cuba before intensifying as it crosses the Gulf of Mexico
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NewsCCR to sell €200m stake in CCR Re
French reinsurance mutual needs to grow and become autonomous in the face of growing nat cat losses, says Board
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NewsAXA launches forest restoration program
Research from the program will be shared at a European level, to strengthen biodiversity and climate resilience
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NewsProperty cat retrenchment is improving market ‘stability’
Most large European players remain committed to cat business, but are moving away from lower layers of protection - AM Best
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NewsGallagher Re names Steve Bowen chief science officer
He joins following 15 years at Aon, where he most recently served as managing director and the head of Catastrophe Insight
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NewsGlobal reinsurers split on nat cat risk
Around half of the top 21 have retrenched, with others increasig their exposure to natural catastrophe risk, finds S&P
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NewsReinsurance capital could shrink in 2022 - AM Best
Driven by losses in investment markets, another severe property cat season could prove “adverse”
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NewsEuropean winterstorm losses creep up to €3.74 billion - Perils
The latest estimate makes the February storms the largest European windstorm loss since Kyrill in January 2007
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NewsCyber: Hitting pause
At below $10 billion, why has the cyber re/insurance market failed to live up to its potential?
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NewsMunich Re retains position as world’s largest reinsurer
Together, Munich Re and Swiss Re accounted for 24.3% of reinsurance gross premiums written in 2021 - AM Best
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NewsAon taps University of California to enhance wildfire model
Recent events in North America have changed the perception of wildfire as a secondary peril
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NewsMunich Re reveals €130m of drought losses in Q2
The reinsurer generated a profit of €1.4 billion in the first six months of the year driven by strong organic growth in property-casualty reinsurance.
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NewsSwiss 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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NewsEffects of climate change evident in H1 cat events
The record-high temperatures in many parts of Europe is expected to drive further losses caused by droughts and wildfires
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NewsH1 nat cat losses reach $65 billion - Munich Re
The US led the loss tally with almost half of overall economic losses in the first six months of 2022, and nearly two thirds of insurance losses
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NewsSCSs drive $39 billion in 1H nat cat claims
Claims were 18% higher than the 21st century average, with Severe Convective Storms accounting for over half of losses
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NewsEuropean wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed, finds Chaucer
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NewsGallagher Re & Africa Re partner to tackle Africa’s protection gap
Regional drought conditions and the global political environment call for prompt action around resilience and risk transfer solutions
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NewsThousands evacuate as Sydney floods
Over 30,000 people have been impaced as heavy rain and flooding continues to impact New South Wales
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