All Nat Cat articles
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NewsNat cats in 2024 likely to surpass last year’s claims bill – Aon
A Q3 Global Catastrophe Recap report from Aon Reinsurance Solutions sees nat cat losses already exceeding $102bn for this year, while global reinsurer capital neared $700bn as of the year’s halfway point.
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NewsVerisk puts $6-11bn insured loss estimate on Helene
Catastrophe modeller Verisk estimates industry insured losses in the US for Hurricane Helene will range between $6-11bn.
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NewsA new phase in the cycle begins – Howden Re’s Flandro
After a Goldilocks period for reinsurers, a new stage in the cycle is starting to take shape, with signs including lower interest rates and their effects on bond portfolios, David Flandro, Howden Re’s head of industry analysis and strategic advisory, told GR.
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NewsKCC: What’s causing market disruption and how to fix It
Karen Clark writes on the challenge facing catastrophe modelling, and the need for a major upgrade.
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News‘Above average’ hurricane season expected – Moody’s
A hyperactive season is not out of the question, suggests Moody’s, in its 2024 Northern Hemisphere Tropical Cyclone Outlook report.
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NewsMoody’s RMS puts €2-3bn insured loss estimate on German floods
Southern Germany is expected to constitute most of this event’s loss, the cat modeler said.
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NewsAon appoints Chen as Asia Pacific leader for agriculture reinsurance
To be based in Singapore, Chen has previously served in Aon’s regional agriculture reinsurance team, focusing on Greater China and Thailand.
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NewsNormanMax, Apollo launch first dedicated parametric nat cat Lloyd’s syndicate
Syndicate 3939 will be led by Stuart Newcombe, former active underwriter for Munich Re Innovation Syndicate 1840, as its active underwriter.
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NewsNew record of 142 nat cats adds up to $108bn in 2023 – Swiss Re
Swiss Re Institute said frequency of events is main driver of insured loss accumulation, with severe convective storms accounting for a record $64bn last year.
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News$100bn is the new normal for annual nat cat losses – WTW
2023 revealed the scale of the protection gap, but was still a $100bn+ nat cat year, the broker said.
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NewsCyber leads Allianz Risk Barometer in 2024
Data breaches, attacks on critical infrastructure or physical assets and increased ransomware attacks drive cyber concerns, in the German insurer’s annual paper on the global risk landscape.
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NewsSmooth 1/1 helped by reinsurer profits, higher pricing across retro and primary markets
Global reinsurance capital surpassed $635bn at the nine-month point of 2023, according to Aon.
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NewsSevere US storms broke records for H1 nat cat losses – Swiss Re
Severe convective storms drove global natural catastrophe insured losses, which reached $50bn across all perils, according to the Swiss Re Institute.
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NewsAbove-average H1 nat cats hit $52bn – Gallagher Re
Insured losses from natural catastrophes in the first half of 2023 were driven by a series of big US storms and El Niño’s arrival.
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NewsSwiss Re targets ROE of 14% for 2024
The Group has completed its turnaround of Corporate Solutions and improved P&C margins - CEO Mumenthaler
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NewsAXA XL Partners with Cambridge Centre for Risk Studies to Launch Online Disaster Recovery Hub
A new online Disaster Recovery Hub comprised of more than 100 major disaster case studies, and covering different events in different locations, has been launched by the Cambridge Centre for Risk Studies at Cambridge Judge Business School in partnership with AXA XL to help with such guidance.
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NewsReuters: Western German floods could prove pricey for insurers
German insurance industry association GDV plans to give its first estimate of the damage next week.
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News‘Average’ Atlantic hurricane season to reflect more storms
Higher averages based on most recent 30-year climate record
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NewsNew fault investigated ten years on from Christchurch
A decade on, GNS Science experts have embarked on a research project to determine the earthquake risk of a recently discovered fault in the Waikato
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