Insured losses and fatalities following earthquakes will continue to increase despite relatively level seismic activity, according to a report issued by Swiss Re. The study, released Tuesday, argues that a
Insurers, reinsurers and catastrophe bond managers will face delays in receiving accurate insured loss estimates as catastrophe modeling firms struggle to improve the limited amount of data coming from Japan,
Catastrophe models failed to accurately capture the destruction following the 2010‘s Maulé earthquake to the point that carriers have become unsure of the adequacy of their reinsurance coverage, according
Story updated to include a comment from Brit Insurance. Three Caymans-based catastrophe bond deals representing $500 million were removed from the market this month, although participants are hopeful that
Despite the accusation that insurers are being less than sympathetic regarding flood claims in Queensland, Australia, the industry argues the lack of flood mapping has been the main culprit behind
Short-term hurricane models have proven to be inadequate tools for insurers looking to measure loss exposure over the past decade, according to a report released Tuesday by Boston-based
PERILS AG has published property insurance loss estimates for five major European storm events not yet captured by the start-up’s database, according to a group statement. The storms
Catastrophic flooding currently hammering Australia will not change local insurers’ creditworthiness in the near term, according to a report issued Wednesday by Standard & Poor’s. Specifically, the rating agency
Developed countries like the United States and Japan should look to the 2010 Chile and New Zealand earthquakes as an example of what could happen if a large trembler were
The Bermuda Stock Exchange (BSX) seems to be betting on the insurance-linked securities industry just as its more traditional business languishes following the financial crisis. There were 19 ILS
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will closely examine issuing a catastrophe bond during its next reinsurance renewal after completing a multi-year internal modeling project. “In the past
Reports issued by the largest reinsurance brokers last week are pointing to continued price declines in the U.S. that could mean trouble for the industry’s bottom line for
