catastrophe

According to Munich Re, the world’s largest reinsurer, global crop insurance claims in 2012 reached a massive $23 billion. Munich Re attributes as much as $15 billion of these losses in the U.S. due to the severe drought in 2012. Crop losses are growing with increasing insurance penetration and in years to come these figures […]

Reinsurance broker Aon Benfield’s catastrophe model development arm Impact Forecasting released its latest annual study of catastrophe events and the resulting economic and insured losses yesterday. The Annual Global Climate and Catastrophe Report looks back at the disasters of 2012 and provides statistics and analysis on the year versus prior loss years. Hurricane Sandy, unsurprisingly, […]

Further details have emerged on the new disaster insurance facility which launched last week to provide parametric insurance cover for tropical cyclone and earthquake risks to a group of Pacific Islands. The parametric catastrophe facility has been set up by the World Bank and the Secretariat of the Pacific Community (SPC) Pacific Catastrophe Risk Assessment […]

Yet another third-party capital reinsurance vehicle has launched and this along with news of solar weather risks and the sale of Goldman Sachs reinsurance operations were popular stories in the last week. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter update […]

A new disaster insurance facility has been officially launched today to provide parametric insurance cover for tropical cyclone (typhoon) and earthquake, including tsunami, risks to a group of Pacific Islands. The pilot project, launched today by the World Bank and the Secretariat of the Pacific Community (SPC) Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) […]

A new report published today by risk modeller AIR Worldwide suggests that insurers and reinsurers should be prepared to face insured catastrophe losses of the magnitude seen during 2011 every 15 years. Insured losses from global natural catastrophes exceeded $110 billion in 2011 which AIR said is a 6.7% exceedance probability, so a near 7% […]

The year has started with a number of launches of new and renewed third-party capital reinsurance vehicles. We’ve also seen the first new ILS deal begin marketing in the guise of Vitality Re IV Ltd. (Series 2013-1) from Aetna. As always, you can read every market news story and article on the Artemis news blog, subscribe […]

The insurance and reinsurance-linked investing space is always going to be on the look out for two things as it grows. Firstly, where extra capacity will come from to satisfy the demand of institutional investors from the capital markets who want to put money to work in the insurance, reinsurance and catastrophe risk space. Secondly, […]

The first week of 2013 is now behind us and there was, as ever at this key juncture for the reinsurance market, a number of important news stories. Start 2013 off the right way by catching up here. As always, you can read every market news story and article on the Artemis news blog, subscribe […]

The United States (U.S.) dominated natural catastrophe insured losses in 2012, according to the world’s largest reinsurer Munich Re in its review of worldwide natural catastrophes which it published this week. As much as 90% of the global natural catastrophe insured loss total is attributed to events in the U.S. with Munich Re saying that […]