All Flood articles – Page 9
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Industry Matters
Flood link to climate change
The WMO and UN's IPCC say extreme weather events will become more frequent
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Industry Matters
After the floods
This year's devastating floods in the UK have highlighted the need for solid business recovery plans, says Robert Hall
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Catlin H1 profits hit by Wellington costs
Catlin's income fell to $190m for the first half of the year due to acquisition costs and UK flood losses
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Analysis
UK floods highlight future risk
How freak weather events are encouraging insurers to look at alternatives
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Analysis
Hurricane Katrina: two years on
How the industry turned its biggest ever loss into a lesson in fortitude
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Moody’s: European insurers stable despite challenges
A new report shows European insurers had stable ratings in the first half of 2007 despite the sub-prime crisis and adverse weather events
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Swiss Re and Ascendant in cat swap
Reinsurers take part in inaugural catastrophe derivatives trade
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Analysis
No lasting damage… for insurers
Anticipated homeowner rate hikes belie healthy insurer balance sheets
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Credit Suisse firm licenses AIR model
Financial institution will use model to manage cat bond risk
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Flood exposures hit Flagstone results
Flagstone announces new sidecar deal as flood losses see its Q2 profits dip dramatically
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Concerns over US cat fund bill
A new bill proposing a national catastrophe fund requires “a healthy amount of scepticism” warns Bob Hartwig
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UK flooding linked to climate change
The UN’s IPCC says extreme weather events will become more frequent
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Typhoon Pabuk strengthens as it nears Taiwan
But typhoon’s winds are expected to weaken after it crosses coast of Taiwan
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Allianz: UK flood damage severe but not extreme
Company estimates claims to UK branch to be in region of £30m
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PCI backs US federal cat pool
The PCI backs a new bill proposing a national US catastrophe pool
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Munich Re posts €2.1bn half year profit
Munich Re had a profitable first half but its operating result drops to €2.8bn
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Hannover Re profits up; premiums down
Hannover Re’s profits are up 15.8% for the first half of 2007, but its gross premiums have declined 10.4%
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RenRe profits up despite UK flooding
RenaissanceRe has revealed a strong second quarter with gross premiums up $103m
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Global warning
A recent report says there is a “strong indication” that man-made climate change is responsible for increased hurricane activity