All Catastrophe articles
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News
Reinsurance 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.
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News
Hawaii 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.
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Eastern Australia floods top 2022 ex-US cat losses for insurers
The floods cost insurers $4.7 billion, while European winter storms generated $4.2 billion in claims - CRESTA
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Lloyd’s participants should “lean into” hard market - Tiernan
Market has “headroom” to grow its cat appetite and syndicates with ’capacity, capability and expertise’ should take advantage
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Axis reveals 45% drop in cat reinsurance premium
Rumours of a sale of the firm’s reinsurance arm come as it reduces exposure to catastrophe lines
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News
Queensland’s Halloween hailstorms declared a catastrophe
The hailstorms struck south-east Queensland late on the 31st October causing significant damage to vehicles and property