-
Extreme flooding combined with hailstorms led to Germany’s worst loss year since records began in 1970.
-
Arwen knocked out power for around a million UK homes.
-
The ratings agency has proposed a significant change to how it assess insurers’ risk-based capital adequacy.
-
Both gross and net exposures increased in the pandemic year, but net PMLs rose faster, a modelling report from the BMA shows.
-
Jefferies’ report shows that cat losses have been spread across a broader range of perils and regions this year.
-
The flooding had ‘catastrophic’ impacts on the province including damage to homes and agriculture.
-
The reinsurance broker’s report comes after KCC put a $3bn insured loss estimate on the 10 December disaster.
-
Hurricane Ida was the main loss-making event, but once again secondary perils generated more than half of global losses, according to the latest Sigma report.
-
The BMS meteorologist said early data indicated “truly historic outbreak”, and that similar events typically cost the industry in the low-single digit billions of dollars.
-
The Redicova product is led by Beazley with initial reinsurance from Axa XL, Hiscox and RenaissanceRe – all members of the Disaster Risk Facility at Lloyd’s
-
Swiss Re, Munich Re, Hannover Re and Scor have set out divergent strategies on cat as volatility increases and the retro market seizes up.
-
Climate change is likely to have already driven up insured losses from hurricanes by 11%, and could raise annual windstorm losses by an additional 10%-19%, according to the latest white paper from Karen Clark & Co (KCC).