All natural catastrophe articles – Page 4
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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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NewsReinsurers risk misunderstanding secondary perils due to cat models
PWC predicts a ‘pretty expensive year’ as secondary perils drive up losses ahead of H2’s Florida hurricane season
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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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NewsAriel Re: It’s time to stop selling Ferraris at Ford pricing
Reinsurer’s Joel Willens expects to see a further reduction in appetite for property cat going into the renewal season
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NewsSwiss Re takes drastic action to cut RVS carbon footprint
There is a very obvious impact from climate change on secondary perils after a summer of extremes
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NewsReinsurance pricing correction ‘unavoidable’ - Hannover Re
Large loss trend, pandemic and rising inflation require further improvements in prices and conditions, insists reinsurer
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NewsPERILS adds European flood to its repertoire
Demand is growing for industry loss triggers as cedants seek alternatives amid the ongoing hard market - CEO Hitz
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NewsMajor reinsurance market correction ahead - SCOR
The challenging macro-economic landscape will be a net positive for both risk carriers and “volatility takers”
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NewsMonitoring catastrophe events from space
Rafal Modrzewski, CEO and co-founder of ICEYE, explains how advances in data are opening up new industry possibilities
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NewsReinsurance market reaches ‘a tipping point’ - Howden
Risks are escalating as the world lurches from one crisis to another, bringing about a fundamental shift in supply and demand, warns broker
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NewsInvestment losses, nat cats and Ukraine dent 1H22 results
There was a strong year-on-year decline in profitability in 1H22 for the four main European reinsurers, reports Fitch
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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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NewsBest affirms Swiss Re ratings; puts ICR on ‘negative’
Negative outlook on the reinsurance group’s long-term issuer credit rating reflects operating performance pressure
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NewsWTW appoints Conway to head Ecosystem Resilience practice
She was Lead Climate Finance Negotiator for the US delegation to the UN Framework Convention on Climate Change
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NewsShift away from cat risks creating more “stable” market
A number of re-alignment initiatives have been taking place for at least the last three years, notes AM Best
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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
