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Earthquake

Brokers, Capital Markets, Catastrophe, Earthquake, Europe, Flood, Losses, Results, Windstorm

Debt crisis set to dominate market's thinking

Despite one of the most expensive years on record for the re/insurance industry, one expert believes the debt crisis is now the biggest threat.

Asia Pacific, Catastrophe, Earthquake, Flood, Losses

Lessons need to be learned says reinsurer

Munich Re’s head of global reinsurance has urged the market to learn the lessons of the past year the most expensive ever in terms of cat losses.

Capital Markets, Cat Bonds, Catastrophe, Earthquake, Europe, Windstorm

Amlin in cat bond placement

Amlin has announced that it has acquired coverage for US hurricane, US earthquake and European windstorm perils of up to US$150 million from Bermudian special purpose insurer, Tramline Re Limited, which in turn is placing a catastrophe bond for this amount into the capital markets.

Asia Pacific, Catastrophe, Claims, Earthquake, Flood, Losses, Windstorm

Record loss year points to low insurance levels warns Swiss Re

Last year was the most expensive in history in terms of economic losses but the level of payments faced by global underwriters had highlighted the need for greater insurance penetration.

Asia Pacific, Catastrophe, Earthquake, Flood, Losses, Windstorm

Record cat loss year says Swiss Re

This year will go down as the most expensive in history for economic losses due to catastrophes according to preliminary estimates from Swiss Re’s sigma team...

Asia Pacific, Catastrophe, Earthquake, Flood, Losses, Risk Management, Technology, Windstorm

New China crop model launched at SIRC

The industry's first Multiple Peril Crop Insurance Model for China was released today at the 11th Singapore International Reinsurance Conference...

Asia Pacific, Capital Markets, Catastrophe, Claims, Earthquake, Losses

CATCo issues NZ earthquake update

 Reinsurance and retrocessional investment fund manager CATCo has released an update on its Reinsurance Opportunities Fund exposures to the events in New Zealand earlier this year.

Asia Pacific, Catastrophe, Claims, Earthquake, Losses

Reinsurers will pick up majority of Australasian cat claims

Delegates at a conference on Australia’s gold coast have been told that reinsurers will pick up around two thirds of the insured costs arising from the natural catastrophes which have hit Australia and New Zealand this year.

Asia Pacific, Catastrophe, Earthquake, Losses, Ratings

Asia pricing still uncertain as losses yet to erode reinsurance capital

In the run up to the Monte Carlo rendezvous Standard & Poor's Ratings Services said it believes the impact of the series of natural disasters between September 2010 and June 2011 on reinsurers' overall financial profiles are at manageable levels.

Cat Bonds, Earthquake, Financial Institutions, ILS, North America

Cat bond issuance continues strong start to the year

Attractive market conditions  resulted in a record issuance of $1 billion catastrophe bonds in the first quarter of 2011 in comparison with a figure of $ 650 million last year.

Capital Markets, Cat Bonds, Earthquake, Financial Institutions, ILS, North America

Reinsurer goes back to capital markets for North America covers

Swiss Re has taken its level of protection via its Successor X catastrophe bond programme to $745 million with the placement of a $305 million in protection against  North Atlantic hurricane and California earthquake risks.

Asia Pacific, Catastrophe, Earthquake, Flood, Windstorm

All eyes on Asia as nat cat toll leaps in 2010

Swiss Re’s annual Sigma study into natural catastrophes has reported a significant rise in the economic and insured costs for major disasters in 2010. However there is a call for the booming emerging economies to direct greater amounts of funding to disaster mitigation and to drive the creation of insurance markets to meet the threat.

Asia Pacific, Catastrophe, Earthquake, Facultative, Treaty

State to look at reinsurance scheme

The Queensland government is to start a process of looking to find a reinsurance partner in the wake of the floods and cyclone strength winds which left parts of the Australian state devastated.

Asia Pacific, Catastrophe, Claims, Earthquake, Losses

Christchurch quake cost in excess of $10 billion

The second earthquake to hit the New Zealand city of Christchurch in the space of five months was lower in intensity than the first but the death toll and physical damage was far in excess of the first.

Asia Pacific, Catastrophe, Claims, Earthquake, Losses

New Zealand quake cost mounts as estimates are raised

The insured cost of the earthquake which struck the New Zealand city of Canterbury continues to rise with the current estimate now in excess of $6 billion and some predicting it could end up closer to $7 billion.

Asia Pacific, Catastrophe, Claims, Earthquake, Losses

Japan looking like capital event as costs mount

There remain conflicting views on the cost of the Japanese earthquake and Tsunami to the global reinsurance market in the days after the tragic events which have left thousands dead and hundreds of thousands homeless across Northern Japan.

Asia Pacific, Catastrophe, Claims, Earthquake, Flood, Losses, Windstorm

Disasters Down Under

Insured losses from the Queensland floods and New Zealand earthquake combined will produce a number usually only seen in peak catastrophe zones. So is it time for re/insurers to re-evaluate their exposures Down Under? 

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