Latest Property-Catastrophe News
Japanese typhoons the biggest contributors to losses in 2019.
So far 55,650 claims have been received by insurers, over half of which were from the Australian Capital Territory.
April (Asia focused) and June (Florida focused) 2020 renewals are ripe for more sizable reinsurance rate increases.
Analytics boost for RKH reinsurance broking team.
2010-2019 was the costliest decade on record with nat cat losses reaching $2.98 trillion - report.
Firm targeting $100m in revenue in five years.
Role will include specific work in the Asia Pacific region.
Bermuda-headquartered firm makes hire from PartnerRe as it fills out New York office.
Penny Shaw stepping down as Chief Risk Officer on 31 March.
The consolidated business will be called Carpenter Marsh Fac Re.
A major eruption of Mount Agnung in Indonesia could cause more than $70bn in economic losses, but insured losses are expected to be low.
Africa Re’s group managing director and CEO, Corneille Karekezi, gives his perspective on the outlook for the continent’s reinsurance markets.
Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.
Developing products that actually meet the needs of those in emerging economies, as well as creating reliable and user-friendly ways of both paying premium and collecting claims, will all determine whether the multi-company multi insurance venture incubator is a success, says Aspen’s Mario Vitale.
Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.
Novae can start considering acquisitions rather than being acquired since share value has soared above book value, Novae’s CEO tells Reactions.
Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.
Interview: The National Flood Insurance Program (NFIP) is unsustainable, says Swiss Re’s Americas CEO Eric Smith. He and others are now suggesting that the private sector needs to take up some of the burden to ensure flood protection remains in the US.