Natural catastrophes (Nat Cats)
Thai floods: Lessons learnt
The floods that hit Thailand last year devastated the country and its economy. They also hit insurers hard in the pocket. Now the industry must make sure it is not caught by surprise again.
RMS and NMB in catastrophe modelling partnership
Catastrophe modelling firm RMS and independent Lloyd's broker Newman Martin and Buchan have entered into a long-term partnership for modelling and data analytics.
Kalista offers parametric catastrophe trigger for property
Bermuda-based Kalista Global has launched a property insurance product ahead of the January renewals with specific parametric catastrophe triggers to ensure savings.
September floods to cost Asia nearly $8bn
Asia is facing economic losses of nearly $8bn after heavy flooding throughout September, according to a catastrophe report by Aon Benfield.
Economic loss from Asia flooding nears $8bn
Flooding in Asia, and particularly China, has generated economic losses of more than $7.5bn, according to Aon Benfield.
Q&A with Lloyd's' Enrico Bertagna
Lloyd's Italy country manager Enrico Bertagna discusses the impact of recession, the country's growth sectors, and why he believes natural catastrophe provision in Italy needs a major overhaul.
Air Worldwide expands in Asia-Pacific with Singapore office
Air Worldwide is opening an office in Singapore to meet the expanding needs of clients in the Asian insurance market.
Hannover Re develops reinsurance for Ukraine market
German insurer Hannover Re has developed a bespoke reinsurance programme for the Ukranian market, according to a report by Romania-based news agency Xprimm.
European floods: keeping the funds flowing
Floods are an on-going threat for Europe, yet the approach to insuring and recovering from them is wide and varied. Francesca Nyman investigates how Europe is tackling the issue and what the future is likely to bring.
Lloyd's returns to profit for H1 2012
Lloyd's posted profit of €1.897bn for the first six months of 2012, following a benign first half with no major claims from natural catastrophes.
Lloyd's returns to profit with 'strongest' half-year result in five years
Lloyd's of London is back in the black after posting a profit of £1.53bn during the first half of 2012 compared with a loss of £697m in the same period last year.
Munich Re considers ILS fund
Munich Re may launch a fund to allow investors to buy catastrophe bonds and other insurance linked securities to meet the growing demand for instruments linked to natural disasters.
South Korea hit by second typhoon in a month
Typhoon Sanba made landfall on 17 September just before noon local time in South Gyeongsang Province on the southern coast of South Korea, according to catastrophe modeling firm Air Worldwide.
IUMI: Insurance industry acted responsibly during economic meltdown
The economic crisis will create opportunities for the global insurance and reinsurance market if it can deliver "true resilience", delegates at the International Union of Marine Insurance annual conference have heard.
Asia View from the Top: Getting flood modelling right
The Intergovernmental Panel on Climate Change reported in 2007 that especially heavily populated mega-delta regions in south, east and south-east Asia will be at greatest risk owing to increased flooding from the sea and, in some mega-deltas, flooding…
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days
Perils AG to provide satellite-based flood footprints
Perils AG, a Zurich-based provider of European catastrophe insurance data, will make satellite-based flood footprints available during and after major flood events, as part of an initiative in collaboration with the insurance industry and the European…
Insured losses from China quakes very low
Two magnitude 5.6 earthquakes that struck southwest China on Friday caused little to no insured losses, according to catastrophe modelling firm Eqecat.
Reinsurance market is united, says Guy Carpenter
Guy Carpenter & Company has praised the reinsurance industry for "coming of age" and finally "converging".
Hannover Re looks forward to Jan renewals
Hannover Re is "looking ahead with confidence" to the 1 January treaty renewals after being upgraded from A to A+ by AM Best.
GAB Robins appoints ex-Cunningham Lindsey adjuster
GAB Robins has recruited Maggie Cowing, pictured, to the newly created position of head of major and complex loss.
Dozens killed as quake strikes southwest China
At least 43 people were killed and 150 injured after a magnitude 5.7 earthquake struck southwest China's Yunnan and Guizhou provinces on Friday, according to China Daily.
Flood losses more than doubled in past 10 years, study finds
Flood losses are increasing at an alarming rate and the insurability of floods provides unique challenges for the industry, according to Swiss Re's latest report.
Weil starts role as Marsh CEO
Mark Weil, pictured, has taken up his role as Marsh chief executive, as previously reported by Post.