The rapid rise of insured loss estimates following Superstorm Sandy is a warning to reinsurers not to become too reliant on catastrophe models because they don’t take into account
Swiss Re has inked new deal that is says places over $12 billion of aggregated external life risk on its balance sheet in what the reinsurance giant says will solidify
The reinsurance industry’s hopes of expanding into the Chinese market is taking greater emphasis as the government prepares to address its growing catastrophe liabilities and create a massive — and
Global reinsurance giant Swiss Re said Monday that it expects the claims burden for Superstorm Sandy could reach $900 million while catastrophe modeling firm AIR Worldwide upped its industrywide high
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has signed a two year, $235,000 agreement to help fund new monitors within regional “hot spots” in order to strengthen earthquake monitoring
The guilty verdict against six scientists and a government civil servant for manslaughter in an Italian court may be a foreshock that portends a bigger seismic event ready to strike
In the aftermath of Hurricane Sandy several catastrophe bonds issuers and insurance-linked securities managers gave quick notice that Hurricane Sandy was unlikely to trigger any outstanding bonds or impact
Modeled insured loss estimates following Hurricane Sandy remain “highly uncertain” with the possible impact on insurance and reinsurance balance sheets yet to be revealed, according to a report issued Thursday
The unique and historic nature of Hurricane Sandy’s storm surge component makes estimating pre-event insured losses a losing game since, according to catastrophe modeling experts. “This is a
Worries over potential insured losses from Hurricane Sandy have catastrophe modeling firms focusing on the storm’s massive wind field and the pace it will move through the northeast and
Buyers in the global commercial insurance market are shifting focus away from “entrepreneurial” risks and towards physical loss threats, including natural catastrophes, according to a new report issued by Swiss
Tropical Storm Rafael, which has already flooded low lying areas of the Caribbean, is expected to become a Level 1 Hurricane later today or Tuesday as it avoids the U.
