All Catastrophe losses articles – Page 3
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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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NewsGlobal reinsurers split on nat cat risk
Around half of the top 21 have retrenched, with others increasig their exposure to natural catastrophe risk, finds S&P
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NewsClaims inflation could offset premium gains - Moody’s
The four largest European reinsurers reported a 47% decline in combined net profits for the first half of 2022
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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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NewsEuropean winterstorm losses creep up to €3.74 billion - Perils
The latest estimate makes the February storms the largest European windstorm loss since Kyrill in January 2007
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NewsArgo reveals $22.5m net loss for H1
With a combined ratio of 95.6%, the group benefited from more favourable pricing and its exit from catastrophe lines
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NewsHannover Re reports combined ratio of 99% in H1
The reinsurer is maintaining its profit guidance after generating group net income of €649 million in the first six months
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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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NewsIAG renews aggregate reinsurance program
It comes as the claims tally from floods in Sydney reaches 8,415, with numbers expected to grow substantially
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NewsEvolving black swans are making the industry nervous
Past industry action has demonstrated that insurance companies take these risks ‘very much in their stride’ - Accenture
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NewsSuncorp reveals reinsurance program changes as it braces for further flood claims
The Australian cedant’s natural hazard allowance is expected to increase to $1.2 billion, reflecting losses to date
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NewsLessons from the Ituango Dam
Colombia’s Ituango Hydroelectric Project highlights the risks and opportunities for reinsurers in Latin America
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NewsAGCS: Above-average hurricane trend continues
Scientists believe climate change will make hurricanes wetter, increasing the risk of flooding
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NewsAon’s Reinsurance Aggregate records strong performance
ARA group achieved a return on equity of 10.9% in 2021 - the best result since 2014
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NewsClimate crisis: Re/insurers must overhaul business models
Just 8% of insurers are resilience champions while 73% of policyholders rank climate among their top concerns
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NewsWildfires threaten New Mexico resorts
More than 300 properties in New Mexico and 500 in Orange Country have been destroyed so far
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NewsMunich Re reports €608m Q1 profit
Annual profit guidance of €3.3 billion remains unchanged, but risk landscape presents “considerable uncertainty”
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NewsSwiss Re reports $248m Q1 net loss
Results reveal impact from the war in Ukraine, nat cat losses and financial market volatility
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