typhoon Mangkhut 2018

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Typhoon Mangkhut triggers Guangdong parametric catastrophe insurance

According to the local insurance regulator the Guangdong parametric catastrophe index insurance facility is set to payout after the impacts of recent typhoon Mangkhut, with CNY 75 million (approx. US $11m) expected to be disbursed by the facilities insurance and reinsurance backers.The facility was initially set up with reinsurance firm read the full article →

Typhoon Mangkhut insured loss up to $2bn in HK, China, Macau: AIR

Insurance and potentially reinsurance industry losses caused by recent Typhoon Mangkhut's impacts in Hong Kong, mainland China and Macau are estimated to be in a range from $1 billion to as much as $2 billion by AIR Worldwide.Typhoon Mangkhut battered Hong Kong with some of the worst typhoon winds and read the full article →

Typhoon Mangkhut insured losses in Hong Kong could reach $1bn: Report

Insurance and reinsurance market losses from the impact of typhoon Mangkhut in Hong Kong alone could reach as much as $1 billion, according to a report from local media.Typhoon Mangkhut slammed Hong Kong yesterday, with strong hurricane force winds swaying skyscrapers and a storm surge reaching as much as 3 read the full article →

Typhoon Mangkhut batters the Philippines, Hong Kong & China

Super typhoon Mangkhut has left deadly impacts in its wake across the northern Philippines, Hong Kong and parts of China, with significant damage in all three areas from strong winds, a high storm surge and extreme rainfall.Unlike hurricane Florence on the other side of the world typhoon Mangkhut appears to read the full article →

Super typhoon Mangkhut threatens Philippines, HK & China

Super typhoon Mangkhut is approaching the Philippines with estimated 167 mph winds and gusts to 200 mph, threatening a devastating impact to the northern tip of the main island of Luzon when it makes landfall on Saturday.After striking the Philippines in the northeastern Cagayan province on Saturday, super typhoon Mangkhut read the full article →