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Hurricane Katrina repeat with climate change could cost $200bn: Swiss Re

A repeat of 2005's hurricane Katrina hitting in an identical manner with exposure values as we see them now but with greater influence from climate change factors, could drive an economic loss of as high as $200 billion, according to analysis from Swiss Re. A new report from Swiss Re asks read the full article →

RMS updates its HWind hurricane forecasting products

Catastrophe risk modelling specialist RMS has updated its suite of HWind hurricane forecasting products, which are part of the RMS HWind Real-Time Analysis solution. Coming as the 2020 hurricane season moves towards the peak of what is forecast to be an incredibly active year, RMS' tools that help insurance, reinsurance and read the full article →

AIR updates U.S. hurricane & inland flood catastrophe models

Catastrophe risk modelling specialist AIR Worldwide announced this week some timely updates to its Hurricane and Inland Flood Models for the United States. With hurricane season now underway and all forecasts pointing to an active year for tropical storms near the U.S., AIR's risk model updates come at just the right read the full article →

Study finds hurricanes more destructive, most damaging more frequent

A new study looking at the damage caused by hurricanes since 1900 concludes that there is a trend towards larger and more destructive storms, while the most damaging of them are said to be occurring more frequently, with climate change and global warming said a driver. The subject of hurricane damage, read the full article →

RMS launches HWind forecasts for North Atlantic hurricanes

Catastrophe risk modelling specialist RMS has announced the launch of a new suite of hurricane forecasting products for the North Atlantic powered by RMS HWind. The tools are part of the firms RMS HWind Real-Time Analysis Solution suite and are designed to enable proactive decisions to be made as hurricanes approach read the full article →

No cat bond impact from hurricane Dorian: Plenum Investments

Specialist insurance-linked securities (ILS) investment manager Plenum said that given hurricane Dorian's path remained largely offshore of the United States, it does not expect the eventual insurance and reinsurance market loss will trigger any of its catastrophe bond positions. Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager Plenum read the full article →

CFAN forecasts 8 hurricanes, 2 U.S. landfalls, 1 Florida landfall in 2019

Having proved correct in forecasting that El Niño conditions would weaken and transition to ENSO neutral by peak hurricane season this year, Climate Forecast Applications Network (CFAN) has now raised its forecast for the 2019 Atlantic hurricane season, now expecting 8 hurricanes to form. Right back in April, Climate Forecast Applications read the full article →

Retro buyers test the market, but many deals aren’t getting placed

Retrocessional reinsurance buyers have been out testing the market in recent weeks, looking to see what coverage can be purchased and at what price. But many aren't buying anything aside from their core retro protection, given the pricing seen in the market of late, as a mismatch exists between some buyers read the full article →

Reinsurance well-capitalised despite lack of ILS inflows, retro not so much

The global reinsurance sector remains very well-capitalised as the 2019 Atlantic hurricane season begins and this is despite the fact the insurance-linked securities (ILS) market did not attract significant fresh inflows, according to Moody's. The rating agency said that it believes the rated reinsurers it covers have solid capital positions to read the full article →

CFAN forecasts 7 Atlantic hurricanes for 2019, predicts El Niño to weaken

The 2019 Atlantic hurricane season could see as many as 7 hurricanes according to forecaster Climate Forecast Applications Network (CFAN), who expects that El Niño conditions will weaken and could transition to ENSO neutral by peak hurricane season this year. Other forecasters we've covered so far this season are all on read the full article →