All natural catastrophe articles – Page 2
-
NewsFrequency perils lead cat surge to $152bn expected insured annual cost – Verisk
A report from insurtech and catastrophe risk modeller Verisk highlights the strain on insurers as severe thunderstorms, wildfires and floods drive sustained losses, with exposure growth and climate change adding further pressure
-
NewsInsurers divided on cat model usage, Aon study finds
Half of insurers still not licensing catastrophe models despite record nat cat losses, according to a survey by the re/insurance broker
-
NewsUS wildfires cut Hiscox Re’s half-year pre-tax profit in half
Despite this year-on-year drop, the company secures ‘a resilient’ 7% growth in insurance contract written premium, says group chief underwriting officer
-
NewsNo let-up for insurers as nat cat losses head for another $100bn year, Willis warns
Wildfires, tornadoes and climate extremes mark 2025 as another costly year for re/insurers, the broker predicts
-
NewsGallagher Re structures multi-peril parametric cover for SEADRIF and Lao PDR
Laos policy now includes typhoon, earthquake, and landslide risks, with up to $16m in aggregate protection.
-
NewsWhite and Gregory take senior roles in Verisk PCS leadership reshuffle
Verisk has unveiled a new leadership structure for its Property Claims Services (PCS) unit, aimed at deepening its engagement with the global re/insurance market and strengthening its capabilities across catastrophe risk lines.
-
NewsDWIC 2025: Parametric products step up to fill protection gaps
Across Asia, Africa and the Middle East, parametric models are being deployed to counter natural catastrophes, cyber outages and agricultural disruption.
-
NewsOpen-Source Risk Modelling: Unlocking Global Access to Resilience
Open modelling is about more than individual loss events, it’s about global capacity building and risk understanding, writes Dickie Whitaker, CEO, Oasis Loss Modelling Framework.
-
NewsDWIC 2025: Closing the catastrophe protection gap across MEASA
Panellists from Munich Re Underwriting Agents, Gallagher Re and AM Best discussed the catastrophe reinsurance market in the Middle East and beyond.
-
NewsReinsurance and Resilience: Has the GCC insurance landscape truly changed after the Dubai floods?
By Melissa Ford, senior vice president and head of Middle East and Africa treaty reinsurance, Everest
-
NewsAon reports record $38bn in Q1 insured catastrophe losses
Wildfires in California alone contributed about $38bn of insured losses, or 71% of the total, according to the re/insurance broker.
-
NewsParametric expanding in Africa and ILS markets – GC&C’s Edwards
Simon Edwards leads parametric underwriting at Generali Global Corporate & Commercial (GC&C) in the UK, including an expanding partnership with Descartes Underwriting.
-
NewsWTW: Nat cat protection gap at 60% as climate rise reaches 1.5°C
Global insured losses surpassed $140bn last year, while economic damages surpassed $350bn, according to a broker report.
-
NewsVerisk puts $6-11bn insured loss estimate on Helene
Catastrophe modeller Verisk estimates industry insured losses in the US for Hurricane Helene will range between $6-11bn.
-
NewsFirst ever insurance payout of Red Cross disaster fund triggered in 2024
Demands for disaster relief this year surpassed the ‘deductible’ threshold of the Red Cross and Red Crescent’s IFRC-DREF’ disaster fund, the NGO has reported.
-
NewsA new phase in the cycle begins – Howden Re’s Flandro
After a Goldilocks period for reinsurers, a new stage in the cycle is starting to take shape, with signs including lower interest rates and their effects on bond portfolios, David Flandro, Howden Re’s head of industry analysis and strategic advisory, told GR.
-
NewsHowden Re pre Monte report focuses on innovation
Rapidly changing nat cat, political violence and casualty re/insurance situations mean point to a greater need for collaborative innovation, reinsurance broker Howden Re said.
-
NewsKCC: What’s causing market disruption and how to fix It
Karen Clark writes on the challenge facing catastrophe modelling, and the need for a major upgrade.
-
NewsSwiss Re Sonar report: ‘Beyond broken infrastructure’
A new paper from Swiss Re explores cascading effects of natural disasters and other emerging risks.
-
NewsWhat next after Dubai’s 'unprecedented' heavy rains? - Chedid Re interview
On 16 April, Dubai was affected by sudden, heavy rains that caused significant damages. Elsewhere, in Al-Ain, just over sixty miles from Dubai, nearly three times the usual annual rainfall was experienced in a single day.
