'There is no doubt that climate change increases volatility, frequency and also severity,' says senior di...
Insured Losses from Japan’s Noto Peninsula Earthquake Likely to Be Small
Insured losses from the 7.6 magnitude earthquake that struck the Ishikawa prefecture on the Noto Peninsula, Japan, on 1 January 2024 are likely to be...
Insured losses from the 7.6 magnitude earthquake that struck the Ishikawa prefecture on the Noto Peninsula, Japan, on 1 January 2024 are likely to be...
Article / 3 months ago
European Insurers More Exposed to Weather Losses as Reinsurers Retreat
European insurers have become more exposed to weather-related losses due to reinsurers providing less cover against medium-sized natural catastrophe risks, Fitch...
European insurers have become more exposed to weather-related losses due to reinsurers providing less cover against medium-sized natural catastrophe risks, Fitch...
PR / 5 months ago
Mexico (Re)insurers Not Materially Affected by Hurricane Otis
The landfall of Hurricane Otis in Mexico, while resulting in the tragic loss of life and significant economic losses in affected areas, is expected to have a negligible...
The landfall of Hurricane Otis in Mexico, while resulting in the tragic loss of life and significant economic losses in affected areas, is expected to have a negligible...
Article / 6 months ago
Global Reinsurers Pull Back from Natural Catastrophe Cover
Global reinsurers are cutting back on the cover they provide against medium-sized natural catastrophe risks due to investor pressure after several years of large catastrophe losses and improved profitability...
Global reinsurers are cutting back on the cover they provide against medium-sized natural catastrophe risks due to investor pressure after several years of large catastrophe losses and improved profitability...
PR / 8 months ago
Fitch Ratings Comments on Insurance Losses from Turkiye-Syria Earthquake
Most insurance payouts due to the earthquake that tragically hit Turkiye and Syria will ultimately be borne by global reinsurers, Fitch Ratings says. The earthquake...
Most insurance payouts due to the earthquake that tragically hit Turkiye and Syria will ultimately be borne by global reinsurers, Fitch Ratings says. The earthquake...
PR / 1 year ago
Reinsurers’ Underwriting Margins to Expand by 4pp in 2023
Reinsurers’ underwriting margins are likely to expand by 4pp on average in 2023 due to significant price rises, tighter terms and conditions and the withdrawal of cover related to the war in...
Reinsurers’ underwriting margins are likely to expand by 4pp on average in 2023 due to significant price rises, tighter terms and conditions and the withdrawal of cover related to the war in...
PR / 1 year ago
Florida (Re)Insurers to Withstand Hurricane Ian, Specialists at Risk
Hurricane Ian, which made landfall on Florida’s Gulf Coast and has since been downgraded to a tropical storm, is expected to generate substantial economic and insured losses in affected...
Hurricane Ian, which made landfall on Florida’s Gulf Coast and has since been downgraded to a tropical storm, is expected to generate substantial economic and insured losses in affected...
PR / 2 years ago
Reinsurers Diverge on Appetite for Catastrophe Risk
Reinsurers’ appetites to offer cover for property-catastrophe risk are diverging as climate change makes weather-related losses increasingly frequent, severe and volatile...
Reinsurers’ appetites to offer cover for property-catastrophe risk are diverging as climate change makes weather-related losses increasingly frequent, severe and volatile...
Article / 2 years ago
French Insurers Face Unprecedented Natural Catastrophe Losses
French non-life insurers face natural catastrophe losses on an unprecedented scale this year, exacerbating the pressure on profitability from claims inflation...
French non-life insurers face natural catastrophe losses on an unprecedented scale this year, exacerbating the pressure on profitability from claims inflation...
Article / 2 years ago
Korean Flooding Losses to Burden Non-Life Insurers’ Earnings
Preliminary industry estimates indicate that insurance claims from the flooding, which has not abated due to the continued downpour, are likely to exceed KRW150 billion...
Preliminary industry estimates indicate that insurance claims from the flooding, which has not abated due to the continued downpour, are likely to exceed KRW150 billion...
Article / 2 years ago
