All secondary perils articles
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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.
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NewsHardest renewal market in years as industry approaches 1 April
A shortage of capacity in property catastrophe markets has resulted in the hardest market since 9/11
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NewsAM Best retains stable outlook on global reinsurance sector
Chief among the negative drivers is heightened natural catastrophe activity that continues to test investors’ risk tolerance levels
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NewsHurricane Ian drives 2022 nat cat losses to $115 billion
Ian is the second-costliest insured loss ever on sigma records after Hurricane Katrina in 2005 - Swiss Re Institute
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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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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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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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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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NewsAon taps University of California to enhance wildfire model
Recent events in North America have changed the perception of wildfire as a secondary peril
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NewsReinsurance sector retains stable outlook - AM Best
Hardening trend is expected to continue in 2022 after major cat losses in 2021