Natural catastrophes (Nat Cats)
No casualties reported from New Zealand earthquake
There have been no reported casualties from a 6.3 magnitude earthquake that hit New Zealand's North Island yesterday afternoon.
Floods and landslides hit the Philippines and Indonesia
Over 30 people have died and tens of thousands of people have been displaced in the Philippines and Indonesia following torrential rain causing floods and landslides.
Windstorm Xaver property losses were €680m, according to Perils
Perils, which provides catastrophe insurance data has released an initial loss estimate for December windstorm Xaver, which affected Western and Northern Europe, of €680m for insured property losses.
Perth bushfires to cost at least A$13m
Insurance assessors have started reviewing claims in bushfire-affected communities in the Perth Hills following bushfires that have destroyed or damaged many homes, businesses and vehicles.
One dead and 52 homes destroyed by bushfires in Western Australia
A man has died on the roof of his home and 52 homes have been destroyed in the Perth hills as Australia suffers a serious heatwave.
Outstanding catastrophe bonds hit record
As at 31 December 31 2013, total catastrophe bond limit outstanding had reached $20.3bn the highest level in insurance-linked securities market history according to Aon Benfield Securities.
Europe: Construction firms rush for the emerging El Dorado
Emerging countries need, more than ever before, to dramatically improve their infrastructure systems in order to maintain their GDP growth rate.
Christmas storms tipped to cost industry £400m
The UK insurance industry is facing a bill of around £400m for storms and flooding throughout December and January, PwC insurance partner Mohammad Khan said today.
Calm 2013 US hurricane season reduced nat cat claims by 50%
According to Munich Re, insured losses from natural catastrophes globally last year declined to around $31bn compared with $65bn in 2012 and the average for the last ten years of $56bn.
European windstorms caused most December damage
According to catastrophe modeling firm Impact Forecasting windstorms in Europe caused the largest amounts of insured losses globally in December.
Catastrophe reinsurance premiums down 11%
Rates for property-catastrophe reinsurance tumbled 11% in 2014 renewals figures from Guy Carpenter revealed.
PWC predicts steady 2014 London market outlook
PWC is predicting improved planned profitably in 2014 for some London market classes such as accident and health.
Philippines typhoon rebuilding costs to reach $3bn
According to Philippines President Aquino, the cost of rebuilding affected areas of the country after super typhoon Haiyan is likely to cost $2.94bn (130bn pesos).
Industry plays down impact of St Jude and Xaver storms on full-year results
Losses expected to be ‘in tens of millions, not high hundreds of millions’.
View from the Top: The Philippines' exposure to disasters
A senior broker in the Philippines reflects on the devastation wrought by super typhoon Haiyan and the implications for the Philippines' government and insurance industry.
International: Europe: Weathering the storm
In the wake of devastation caused by typhoon Haiyan in the Phillippines, what is the future for insurance in disaster-prone regions?
Philippines typhoon dominates November catastrophes
Super typhoon Haiyan which killed over 5 000 people dominated the November global catastrophe list.
Chinese catastrophe insurance scheme "to be launched within a year"
Moody's expert suggests Chinese social security reforms will help launch a government backed catastrophe scheme by the end of 2014.
Aon Benfield subsidiary launches flood cat model in Netherlands
Aon Benfield’s catastrophe modelling centre has launched a model to understand the financial impact of flood damage in the Netherlands for property and motor.
Seventeen dead after Cyclone Cleopatra hits Sardinia
Italy has declared a state of emergency after a deadly cyclone hit the island of Sardinia.
Insured losses from Haiyan could reach $700m
AIR Worldwide has estimated insured losses from super typhoon Haiyan at between $300m (£185m) and $700m.
China counts costs of typhoon Haiyan
After battering the Philippines, super typhoon Haiyan weakened but still caused significant damage in South China.
Insurance losses in Philippines likely to top $300m, says AIR Worldwide
As the extent of the devastation becomes clearer from typhoon Haiyan, latest estimates put the insurance bill at a minimum of $300m.
Insurance losses won't top $100m in the Philippines, says Eqecat
As a result of low insurance penetration in the disaster struck areas of the Philippines from typhoon Haiyan, the insurance bill is not expected to be more than $100m according to catastrophe risk modelists Eqecat.