Natural catastrophes (Nat Cats)
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…
AIG warns on rise in Asia-Pacific nat cat travel claims
Research from AIG Singapore suggests that high-impact incidents such as extreme weather events, virus outbreaks and socio-political volatility are the top emerging risks for Asia-Pacific travellers in 2017.
Global insured disaster losses hit $54bn in 2016: Swiss Re
Natural catastrophes and man-made disasters in 2016 resulted in insured losses of $54bn (£43bn), an increase of 46%, according to Swiss Re's latest Sigma study.
Blog: Fracking is a dirty word
Fracking has been given the go-ahead in Lancashire and insurers need to consider the risks associated with the technique.
Over 850 claims from weekend Auckland flooding
Over 850 insurance claims have been received by New Zealand's insurers after flash floods in the Auckland area.
US and Australian storms hit insurers with more than $1bn bill for February
An early start to the severe weather season has resulted in a $1bn (£820m) insurance toll in Australia and the United states, according to an Aon catastrophe report.
Novae hit by US catastrophes and Ogden as profit drops 45%
Novae has described its 98.3% pre-Ogden 2016 combined operating ratio as disappointing while the Lloyd's (re)insurer's investment portfolio performed well.
Suncorp hit by 11,000 Sydney hailstorm claims
The 18 February Sydney hailstorm will cost Brisbane-based financial services group Suncorp between A$150m (£93.4m) and A$170m.
Sydney hailstorm brings IAG to within A$126m of nat cat allowance
Sydney's dramatic hailstorm on 18 February has cost Australian insurer IAG at least A$160m (£99m) in claims so far.
March 2017 Post: Census and CII CEO
My one-year-old just started toddling. She was so proud after pushing her walker to the other side of the room that she applauded herself. As a result, she lost her balance and landed on her bum.
'Mixed bag' for London market says Hiscox MD
Hiscox’s London market business has presented an inconsistent and mixed operating year for the insurer, according to Steve Langan, CEO of Hiscox Insurance.
QBE Europe reports increase in COR due to weakened sterling
Australian insurer QBE has reported an increase in its combined operating ratio for its European division and a dip in it profits in the year 2016.
Swiss Re Q4 profit drops 45% due to nat cat claims
Reinsurance giant Swiss Re has reported a 45% drop in fourth quarter net profit, citing costly natural catastrophe claims for the fall in profit.
'Heat is on' to be Europe-friendly ILS hub
Global insurance centres are under competitive pressure to be a Europe-friendly base for insurance linked securities, said PWC's Marta Abramska
Hailstorm hits Sydney's insurers for A$40m
Over 17,500 claims have been lodged after an intense hailstorm hit Sydney on Saturday 18 February, according to the Insurance Council of Australia.
ILS market hits $75bn in 2016, says WCMA
Non-life insurance-linked securities grew to $75bn (£60bn) in 2016 overcoming a tough operating environment, according to Willis Capital Markets & Advisory.
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?
New South Wales bushfires to cost insurers at least A$20m
Over 100 bushfires across rural areas of New South Wales in the last few days will cost insurers at least A$20m (£12m) according to the Insurance Council of Australia.
Over 100 bushfires across New South Wales as heat records tumble
New South Wales has seen 120 bushfires over the last few days as temperatures in the state hit record highs over the weekend.
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 Catlin's CEO McGavick reflects on 'challenging year'
Bermuda-based global insurance giant XL Catlin saw operating profits fall from $706m (£557m) in 2015 to $461m last year as the firm paid out significantly more for nat cat losses.