All Catastrophe articles – Page 16
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Online onlyUK earthquake costs at £30m
RMS says insured losses could be between £15m and £30m ($30m - $60m)
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Largest quake in 25 years hits UK
AIR expects damages in the "tens of millions of pounds"
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Florida needs a long-term solution, urges PCI
Floridians want to revisit the 2007 legislation and don't want "quick fixes", reveals a PCI poll
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AM Best: Stable outlook for global reinsurers
Prices will continue to soften barring a megacat; merger and acquisition buzz will continue
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Terrorism insurance take-up slow
Willis conference reveals low insurance spend on terrorism and related classes
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Online onlyInsurance agreed for WTC construction
Ace, AIG and Beazley among insurers providing cover; Willis leads placement effort on behalf of Larry Silverstein
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AnalysisIs California burning?
Encroachment of housing means wildfires now pose real threat to homeowners and insurers.
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Willis acts as co-lead in Catlin cat bond
Cover is the broadest protection of a reinsurance account yet seen in the cat bond market, says Hvidsten
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Catlin sponsors $150m indemnity cat bond
Latest transaction with Newton Re will protect against US wind and quake, European wind and Japanese wind and quake
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Online onlyNevada struck by magnitude 6 quake
Because the event occurred in a sparsely populated region, insured losses will not be significant
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AnalysisAustralia addresses flood risk
New Australia PM Kevin Rudd is supporting the insurance industry's drive to improve the country's flood mapping systems
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Online onlyCalifornia wildfire risk increasing, says RMS
Costing $2.5bn in California alone, 2007 was one of the costliest wildfire seasons ever
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Online onlyQuakes hit Sumatra and Greece
7.5 magnitude quake strikes Indonesian island of Sumatra; tsunami warning issued
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Montpelier Re profits dip marginally
Wildfire losses hit Q4 results; roll-out of new Lloyd’s, European and US platforms cost $12m
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Munich Re predicts 98% combined ratio for 2008
The slight increase is due to moderate price falls and the impact of natural catastrophes
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Flagstone results marred by cat losses
UK floods, European storm, Australian floods and US wildfires cost Class of 2005 reinsurer $192.9m
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Ireland pledges $2.4m to Caribbean cat pool
Almost $70m raised in the Caribbean Catastrophe Risk Insurance Facility's first year
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AnalysisGraduating from 2005
The Class of 2005 have had an easy ride so far. Could 2008 be the year that finally tests them properly?
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First parametric index for European wind
RMS' Paradex Europe Windstorm uses the modelled relationship between wind speed and damage to calculate insured loss estimates
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Online onlyPCI calls for responsible cat risk solution
A federal backstop should not include “artificial market restrictions”, warns CEO Sampson
