Natural catastrophes (Nat Cats)
Swiss Re secures nat-cat buffer of $400m via bond market
Swiss Re has obtained an extra $400m in natural-catastrophe protection via a catastrophe bond through newly formed issuer Mythen Ltd.
Swiss Re issues $400m flexible cat bonds
Swiss Re has established a $400m cat bond vehicle that will enable it to issue multiple bonds over an extended period to cover European and US wind storms.
Countdown to ISA: Q&A with KPMG's Martin Noble
As part of a series counting down to Insurance Strategy Asia, Insurance Insight spoke to Martin Noble about his views on the Asian insurance market.
Q&A: Vienna Insurance Group CEO Gunter Geyer
While the economic turmoil of the Eurozone crisis and heavy catastrophe losses eroded the bottom line of many European insurers in 2011, Vienna Insurance Group enjoyed the most profitable year in the group’s history, and avoided having its A+ credit…
Adverse April conditions wreak havoc across the globe
Severe weather conditions across central and southern sections of the US last month have caused upwards of $1bn (£620m) in insured losses, according to Aon Benfield's Global Catastrophe Recap report.
Asia must invest in urban disaster risk management
Industry insiders at a seminar convened by the Asian Development Bank have called for Asian countries to increase investment in urban disaster risk management.
First quarter of 2012 sees record for cat bonds
There was a record issuance in the catastrophe bond market in the first quarter of 2012, with eight new non-life issues providing more than $1.3bn of risk capital, according to the latest Insurance-Linked Securities Market Update from Willis Capital…
Countdown to ISA: Q&A with Axa Asia's Prasanna Patil
As part of a series counting down to Insurance Strategy Asia, Insurance Insight spoke to Prasanna Patil about his views on the Asian insurance market.
Nearly 80% of Vietnamese SMEs lack disaster preparation
Despite their exposure, small to medium sized businesses in Vietnam are seriously under-prepared for the possibility of a natural disaster, a study by the Asia Foundation has found.
Ace on a 'hunt' to buy Japanese firms
Ace Group has revealed its interest in Japanese acquisition targets in a conference call with analysts
JLT expects to make financial progress in 2012
Broker JLT told shareholders today that the company remains well placed to make financial progress in 2012, despite the uncertain economic outlook.
Natural disaster: Filling the $254bn insurance gap
The problem of underinsurance has been seen with a number of natural catastrophes recently. Lucia Bevere explains why relying on governments as a last resort is a risky strategy, and what insurers can do to tackle this area.
Firms still failing to focus on supply chain resiliency
Despite a number of wake-up calls from last year's catastrophe events, many organisations still lack complete visibility into their supply chains and remain vulnerable to the next disaster, according to a white paper published today by Marsh.
AIR targets supply chain risk
AIR Worldwide has expanded its suite of catastrophe risk engineering solutions to quantify and mitigate the risk associated with the impact of catastrophes on supply chain networks.
GWP of global non-life insurance to reach $2,500bn by 2017
The global non-life insurance industry saw moderate growth during 2006-2011 and the growth momentum is expected to continue, reaching an estimated $2,500bn in 2017 with a CAGR of 4.2% over the next five years, according to Lucintel.
Insurers must develop policies responsive to evolving risk landscape
A paper published by Marsh today urges insurers to re-examine risk management strategies and introduce procedures that strengthen operational and financial resilience.
TT Club still in surplus despite 2011 cats
Freight transport and logistics insurer the TT Club has said it kept its combined ratio below 100% in 2011 despite a record year for catastrophe claims.
Marsh says 2011 cats demonstrated need for more cover and better policy wordings
Broker Marsh has said that the scale of catastrophes in 2011 exceeded previous loss-modelling predictions and has challenged established thinking on the nature of risk.
Reinsurer capital remains strong despite near record catastrophe losses
Global reinsurer capital fell 3% during 2011 to $455bn (€345.5bn), according to an Aon Benfield Analytics study examining the impact of catastrophe losses on reinsurers' capital and earnings positions.
Indonesia quake could cause premium hikes
Aftershocks from yesterday's 8.6 magnitude earthquake in Indonesia may lead to cover restrictions and premium and deductible increases, according to industry sources.
Bonuses take a bash but salaries for the top industry jobs continue to rise
Total salaries for insurance chief executives increased across the board, according to insurers’ annual reports for the year ending 2011, despite a drop in total remuneration.
Reinsurance sector "strong" despite 3% drop in capital
Global reinsurer capital was down by 3% to $455bn (£286bn) last year, according to the Aon Benfield Aggregate analytics report, but the sector has been described as remaining strong.
Insurance Insight – top 10 stories
The top 10 most popular articles published on insuranceinsight.eu over the past seven days.
March cat claims topped $1.1bn in the US
Reinsurance broker Aon Benfield has reported that US storms in March will cost insurers more than $1.1bn, while catastrophes hit Mexico and Australia as well.