All natural catastrophe articles
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NewsFirst quarter nat cat economic loss the highest in 12 years – Gallagher Re
Reinsurance broker Gallagher Re said its estimate of $22bn in insured natural catastrophe losses for the quarter showcase “a significant protection gap”.
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Cyclone Gabrielle costs NZ insurers $1.5 billion
Catastrophes represent ”one of the most challenging periods for the insurance industry since the Canterbury earthquake sequence” - PERILS
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Industry 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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Mozambique gains parametric cyclone solution
Africa Specialty Risks is lead reinsurer in the $35m placement for Africa’s second most disaster prone country
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PERILS pegs insurance losses from Turkey quake at $3.5 billion
A study by Koç University has put the economic losses in Turkey in the range of $70 billion to $87 billion
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Hurricane 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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Saudi megaprojects: Opportunities and risks for global reinsurers
Given the size and scale of many of these projects, the global reinsurance market will have a significant role to play, say Chris Panes and Hassan Abdulfattah
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DWIC 2023: Middle East facing unique catastrophe challenge
Gas and oil activity linked to increased earthquake risk across the region
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Nat 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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Ariel Re sponsors third cat bond with carbon offset feature
Titania Re III provides $125m of protection for named storms and earthquakes in the US and Canada
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Report tackles climate modelling uncertainty
Regulators have different approaches, resulting in a lack of consistency and hindering re/insurers efforts
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Total 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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KCC pegs Turkey quake claims at $2.4 billion
Total economic property losses from the M7.8 and M7.5 earthquakes are expected to be close to $20 billion
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Cat bond outlook bullish as hard market continues
ILS instruments have a “greater role to play” as reinsurers restrict catastrophe coverage
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Turkey 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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Türkiye 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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RMS: Turkey earthquake largest in 84 years
Tragedy is a reminder that resilience is the main defense against such powerful seismic events
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Hesitant 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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“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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SCOR names Thierry Léger CEO as Laurent Rousseau resigns
Léger was most recently the chief underwriting officer of Swiss Re and is tasked with practising ‘strict risk management’
