Natural catastrophes (Nat Cats)

The Asian reinsurance story so far

The reinsurance market has great potential for growth in Asia as insurers, brokers and banks try to address a chronic deficit in insurance cover across the continent writes Andrew Tjaardstra.

Magnitude 7.7 quake hits Pakistan

A magnitude 7.7 earthquake struck southern Pakistan on Tuesday at 4:29pm local time, according to catastrophe modeling firm AIR Worldwide.

Yosemite wildfire scorches 225 square miles

A massive wildfire that started over a week ago has burned more than 140,000 acres of Yosemite National Park, according to catastrophe modeling firm AIR Worldwide.

Heavy flooding in China kills more than 90

Hundereds of thousands of people have been caught up in the worst flooding in decades in North-East China and also in Guangdong province, South China, with at least 90 people being killed.

Europe: Continental catastrophes

An EC Green Paper proposing harmonisation of catastrophe insurance across Europe has faced strong criticism from the market. Edmund Tirbutt explains why.

Zurich's results hit by floods in Europe

Zurich has reported a business operating profit of $2.3bn for the first half of the year (till 30 June), down 9% over the same period in 2012, and a net income attributable to shareholders of $1.9bn, down 17%.

Offices close across Hong Kong as typhoon watch 8 is raised

The Hong Kong Observatory raised typhoon watch 8 in the early hours of Wednesday morning as Typhoon Utor headed across the South China Sea. However, as of 2pm the storm Hong Kong time the signal was downgraded to T3 meaning people would be heading back…

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