All Property Catastrophe articles – Page 2
-
NewsGuy Carpenter: Driving innovation through nature-based solutions
Research reveals a range of human factors are the main drivers of increasing loss frequency and cumulative losses for severe convective storms, writes Josh Darr, managing director, global head of peril advisory, Guy Carpenter.
-
NewsNat cat insured bill hits ‘new high’ of $151bn annual loss average – Verisk
Exposure growth is expected to average 7.2%, according to a new report from catastrophe risk data and analytics firm Verisk.
-
NewsHurricane damage – wind or flood and why it matters
Matthew Patience, senior client solutions manager at McKenzie Intelligence Services, writes that actionable insights are now available into insurers’ total exposure from both perils at a portfolio, policy, and property-level view, within hours and days of an event taking place.
-
NewsAscot Group sticks to consistency over opportunism – CRO interview
Steve Guijarro, Ascot’s US chief risk officer maintains an aversion to taking big bets, as the re/insurer continues to prioritise a stable and diversified long-term underwriting strategy.
-
NewsReinsurance buyers adding to cat limits in 2024 – Guy Carpenter
The reinsurance broker put out a note saying there had been “meaningful additional catastrophe limit purchased” already this year.
-
NewsMid-year renewals ‘consolidate’ 1/1 trends – Aon
Aon described a ‘favourable’ July renewal on balance for reinsurance buyers in its Reinsurance Market Dynamics July 2024 report.
-
News‘Transitioning reinsurance market’ at 1/7 – Guy Carpenter
The reinsurance broking arm of Marsh McLennan gives its view of renewals made at the midpoint of 2024.
-
NewsMunich Re ups 2023 outlook with P&C-driven Q3 profit
The world’s biggest reinsurer reported a net profit of €1.2bn for the third quarter of 2023, with major-loss expenditure in P&C reinsurance slightly below average.
-
NewsBaden Baden: Upward pricing momentum continues, reinsurers “shouldn’t forget” previous years – Ariel Re
For this week’s reinsurance meeting in Baden-Baden, property underwriters for Ariel Re are upbeat about continued hard market pricing.
-
NewsIdalia: Moody’s RMS provides $3.5bn insured loss estimate; versus $2.5-4bn Verisk figure
The first major hurricane landfall in Florida’s Big Bend since records began in 1842, Idalia could have been much worse had it taken a different track or not weakened before landfall.
-
NewsIdalia impact limited by low population area landfall - Moody’s RMS
Florida’s Big-Bend coastal area is sparsely populated, reducing the impact of Hurricane Idalia, while inland losses are expected to be less than last year’s Hurricane Ian.
-
NewsBeazley: A line in the sand
Beazley’s Patrick Hartigan writes on the increased frequency of extreme weather and the need for adequate pricing for the many climate change linked secondary perils hitting re/insurance markets.
-
News2022 fourth-costliest year on record for cat losses – S&P
A new report on catastrophe risk appetite among global reinsurers has found last year to be the fourth-costliest on record for annual global insured catastrophe losses.
-
NewsHawaii wildfires: Moody’s RMS estimates insured property loss of $2.5-4bn
Most losses are expected to be from the town of Lahaina, which sustained catastrophic urban fires for 12 hours and destroyed almost 2,200 structures. Around 75% of the economic loss is expected to be insured, the cat modeller thinks.
-
NewsStorms are getting stronger – Lockton Re climate study
Reinsurance broker Lockton Re has published a report on climate change and hurricane trends.
-
NewsSCOR rebalances book during ‘best market in decades’
Reinsurer further reduces exposure to natural catastrophe risks by 14% at 1 January
-
NewsRMS: Turkey earthquake largest in 84 years
Tragedy is a reminder that resilience is the main defense against such powerful seismic events
-
NewsArcadian Risk Capital and Aviva in multi-year property binder
The target portfolio will be worldwide industrial and commercial property, mostly written on an excess-of-loss basis
-
NewsFema cuts NFIP reinsurance programme for 2023
Its reinsurance placement has halved to $500m, amid hardening rates and diminishing capacity
-
News1 January confirms dislocated reinsurance and retro markets
Some US buyers failed to fill their programmes as Howden describes one of the ‘hardest reinsurance markets in living memory’
- Previous Page
- Page1
- Page2
- Page3
- Next Page
