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Reinsurer Swiss Re held a media event yesterday at which they discussed trends in the insurance-linked securities, catastrophe bond and reinsurance convergence markets, how the market has developed in 2012 and a few thoughts on where the market can develop further in 2013 and beyond. Encouragingly Swiss Re seem very confident on the cat bond […]

While the U.S. east coast has been experiencing temperatures much higher than normal, severe storms have caused damage in Virginia, wildfires raged in Colorado and drought struck other areas of the U.S., the UK has been experiencing the wettest start to summer in many years. Breaking climate records seems to be a regular thing around […]

Lack of investment in coast defences combined with a changing climate means that the average annual cost of flooding in England and Wales has risen to £1 billion according to a report referenced in the Independent newspaper. Over the next 30 years the cost of flood events in the UK will continue to rise as […]

Important news this morning from PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices for insurance-linked security and industry-loss warranty transactions, who have announced that they are expanding their services to include coverage for a new class of risk, UK flood. The addition of inland flooding for the UK […]

The floods in Thailand could be the largest loss caused by flooding this decade, according to a representative of Allianz. In this news article, Lutz Fullgraf, Allianz’s CEO for global corporate and specialty in the Asian region, suggested that this will be the largest flood loss for years. We’d offer that it could be the […]