Log In

Tracking the changing frequency and severity of natural disasters will help to guide recovery efforts through a new, online Disaster Recovery Hub comprising more than 100 big disaster case studies. The hub has been launched by the Cambridge Centre f...

Climate change on planet Earth has brought an increasing number of more powerful and destructive hurricanes. And global warming will drive more of the same, and determine the magnitude of the increase. This is the analysis of a Karen Clark and Compan...

Reinsurers rank climate change as the top risk facing the global insurance industry, a survey by the professional services firm PwC has revealed. The organisation said that many respondents to its Insurance Banana Skins 2021 Survey pointed to a sharp...

Bermuda-based PartnerRe has declared large catastrophe losses. Net of retrocession and reinstatement premiums were $297 million for the third quarter of 2021, and $417 million for the first nine months of the year. Loss estimates for winter storm Ur...

The head of the Bermuda Stock Exchange has hailed the importance of its listing of the first catastrophe bond to be issued out of Hong Kong. The $30 million Greater Bay Re Ltd, Series 2021-1, cat bond secures protection against losses inflicted by ty...

A leading rating agency has predicted that 2022 will bring the fifth consecutive year of premium rate increases for property catastrophe cover in 2022, and predicted that they will be double-digit rate increases. Fitch Ratings also said that it expec...

Bermuda reinsurer RenaissanceRe Holdings Ltd has estimated that losses from certain 2021 catastrophe events will have a net negative impact of approximately $725 million on the company’s third-quarter 2021 results of operations. This estimate is prim...

The extreme-event modelling company AIR Worldwide (AIR) has released its 2021 Global Modeled Catastrophe Losses report, detailing key global financial loss metrics based on its latest suite of models that reflect the near-present climate risk. AIR e...

Bermuda-headquartered Lancashire Holdings Limited’s third-quarter earnings release in early November will include losses for exposures to recent natural catastrophe events, including Hurricane Ida and the European storms Bernd, Volker and Xero. Lanca...

Hundreds of virtual attendees heard from featured speakers and panellists at the 15th annual risk mitigation leadership forum presented by Bermuda-based RenaissanceRe. The global provider of re/insurance hosted thought leaders, risk scientists and co...

Inland flooding and supply chain disruption are driving up insured loss estimates for Hurricane Ida. An updated assessment from extreme event modelling firm AIR Worldwide last night said insured losses could be from $20 billion to $30 billion. AIR no...

A new estimate from catastrophe modelling firm, Karen Clark and Company (KCC) yesterday puts the insured loss from Hurricane Ida close to $18 billion – including $40 million in the Caribbean and the rest from wind and storm surge losses in the US. Ea...