Natural catastrophes (Nat Cats)
The risk of volcanoes
Though rare events and to some extent predictable short term, volcanoes nonetheless present a grave risk to life and property in developing nations and major metropolitan centres alike, writes Tim Evershed
AIR estimates winter storm will cost up to €3bn
Winter storm Xynthia, which hammered mainland Europe over the weekend, will cost up to €3bn, modelling agency AIR has said.
AIR estimates winter storm will cost up to €3bn
Winter storm Xynthia, which hammered mainland Europe over the weekend, will cost up to €3bn, modelling agency AIR has said.
40 killed in Europe windstorm
Northern and western France and parts of Germany have been battered by a severe windstorm in the last 48 hours that has caused at least 40 deaths.
40 killed in Europe windstorm
Northern and western France and parts of Germany have been battered by a severe windstorm in the last 48 hours that has caused at least 40 deaths.
Earthquake claims more than 700 lives
A major earthquake measuring 8.8 magnitude off the the cost of southern Chile has killed at least 700 people and caused economic damage of up to $30bn (£19.8bn).
Haiti reconstruction could cost $14bn
Study from the Inter-American Development Bank claims Haiti earthquake more destructive than any modern natural disaster.
CCRIF and CIMH provide support for Haiti in its reconstruction efforts
The Caribbean Catastrophe Risk Insurance Facility and the Caribbean Institute for Hydrology and Meteorology are extending support to Haiti in its long-term recovery and reconstruction efforts, particularly in hazard mitigation and future disaster…
White Mountains reports earnings jump
White Mountains Insurance Group, the Bermudian (re)insurer, reported fourth quarter net income of $100m, up from a net loss of $213m at the same time in 2008.
Haiti disaster costs mount
More than 180,000 people are feared dead after a massive earthquake struck the Caribbean island of Haiti last month to the South-west of the capital, Port-au-Prince.
Reinsurers had profitable 2009 claims broker Cooper Gay
Reinsurers benefit in 2009 from recovering investment returns and absence of major catastrophes although 2010 could be more challenging with above average hurricane season expected according to a Cooper Gay report.
CCRIF pays $7.75m to Haiti
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has paid out $7.75m to the Government of Haiti following the Magnitude 7.0 earthquake which struck close to Port-au-Prince on 12 January, causing damage of catastrophic proportions.
The Hartford planning new cat bond
The Hartford is planning a new catastrophe bond, reports say.
Blog-re: Some Wild and Whacky Predictions for 2010 - and beyond
The latest blog-re availible online now
2010 cat bond issues could reach $5bn, says Munich Re
Required spread expected to fall by 50 basis points up to the middle of the year
Swiss Re obtains $150m of earthquake protection through issuance of cat bonds
Swiss Re has obtained $150m protection for California earthquake risk through the Redwood Capital XI catastrophe bond programme.
Cycle management critical to London market
Fitch highlights importance of underwriting discipline
Scor confirms Atlas VI cat bond
Scor has confirmed the closing of a sixth Atlas Cat bond offer
Total catastrophe losses fall in 2009
The total cost of natural catastrophes and man-made disasters in 2009 fell to $52bn from $267bn in the 2008, a survey from Swiss Re has shown.
Energy rates to soften in 2010
More competition and capacity spells good news for energy firms
Flagstone Re launches Cat Bond
Flagstone launches new hurricane and earthquake Cat Bond Montana Re