Hurricanes
ICA extends Cyclone Debbie catastrophe declaration to New South Wales
The Insurance Council of Australia has expanded its catastrophe declaration associated with Cyclone Debbie and its aftermath beyond Queensland to northern New South Wales.
Lloyd’s sees underwriting hit following £2.1bn major losses
Lloyd’s has seen underwriting profits slip on the back of major claims of £2.1bn last year.
Climate change: insurers feeling the heat
The global risk landscape is currently dominated by environmental upheavals caused by climate change. The resulting catastrophes are of concern to people in general and insurers, in particular, tasked as they are with underwriting and managing ever…
Catastrophe bonds: A good year for disaster
Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of major disasters. With storms brewing both politically and environmentally, can the catastrophe bond market open new doors to insurers in 2017?
Insured nat cat losses total $39.5bn in 2016 says Willis Re
Global insured natural catastrophe losses totalled $39.5bn (£31.3bn) in 2016, the highest market losses since 2012’s $60bn, according to Willis Re.
US weather losses exceed $1bn in January
Losses caused by severe weather outbreaks in the United States have exceeded $1bn (£800m) in January, according to the latest Aon catastrophe report.
Munich Re sees profits slip owing to major losses
Munich Re has seen full year profits decline by 16% owing to storm and earthquake claims in the last quarter.
Axis profits fall 23% in 2016
Global (re)insurer Axis's after-tax profits fell 23% in 2016 to $465m (£367m) from $602m the previous year.
XL expects $75m loss from 2016 New Zealand earthquake
XL's preliminary net natural catastrophe loss estimate for the fourth quarter of 2016 is approximately $245m (£200m).
Interview: Harsha Agadi, Crawford & Company
As Crawford ‘outperforms expectations’ in terms of growth, Michèle Bacchus speaks with CEO and president Harsha Agadi about his plans for the company
Blog: Insurers must prepare for disasters
Planning the response to large-scale catastrophes is a must for all general insurers.
Lancashire pre-tax profits rise in Q3 results
Lancashire Holdings has reported a 30.4% increase in third quarter pre-tax profits, up to $42.9m (£34.4m) from $32.9m (£26.4m) for the same period last year.
The secret battle at Lloyd's: Forgetting your Names
The capital provided by Names at Lloyd’s has fallen from 100% to just 10% – are we seeing the end of a long tradition?
Hurricane Matthew could cost insurers $8.8bn
Hurricane Matthew may cost insurers as much as $8.8bn, according to AIR Worldwide.
Hurricane Matthew loss scenario tops $8bn as death toll rises
Total losses in the US from Hurricane Matthew could be up to $8bn (£6.5bn), according to modelled storm loss scenarios from RMS.
Hurricane Matthew likely to be a significant claims event as death toll rises
Hurricane Matthew is expected to be a significant claims event as it continues to progress through the Bahamas, following the news of hundreds of deaths in Haiti.
Hurricane Hermine insured losses estimated at over $500m
Hurricane Hermine, which has killed two people and left over 250,000 people without power in Florida and Georgia, is expected to produce in excess of $500m (£375m) worth of insured losses.
Hurricane Hermine to make landfall in Florida today
Hurricane Hermine is expected to make landfall on Florida’s coast today.
Penny Black's Insurance Week - 29 October 2015
Penny feared the worst when the Met Office announced that it would allow the general public to suggest names for future UK windstorms.
Hurricane Katrina: 10 years on
A decade after Hurricane Katrina hit New Orleans, what lessons has the insurance industry learned –and how has the city recovered?
Hurricane season expected to be 'below average' this year
The 2015 Atlantic hurricane season is projected to be below average, although “impactful landfalls” remain a possibility, according to Guy Carpenter & Company.
Europe: From Bolton to Bermuda
Like double decker buses, Bermuda hadn’t had a hurricane make landfall for 27 years – then experienced two in five days. The phenomenon tested loss adjusters at McLarens to the limit
Queensland Reconstruction Authority to become permanent
The Queensland state government is seeking to make the Queensland Reconstruction Authority a permanent agency at a cost of A$30m (£15.8m) a year.
Vanuatu rocked by "monster" cyclone
Category 5 Cyclone Pam has left devastation in the Pacific island country of Vanuatu.