natural catastrophe


SCOR sets up fourth catastrophe & mortality contingent capital facility

French reinsurance giant SCOR has established its fourth contingent capital facility, securing an EUR 300 million source of responsive capital coverage for natural catastrophe and extreme mortality events. SCOR has been a regular issuer of contingent capital since 2010, when the reinsurance firm first added a line of contingent equity capital read the full article →

Retro support helps SCOR to remain profitable so far in 2017

Despite the significant catastrophe losses facing the reinsurance industry, French reinsurer SCOR has reported a profit for the first none months of 2017, as support from its retrocession providers helped the firm to better manage its losses. SCOR's significant retro protection has helped to moderate the impact of recent catastrophes, including read the full article →

SCOR: Catastrophes unlikely to trigger contingent capital facility

Global reinsurance firm SCOR said that it expects the impacts of hurricanes Harvey, Irma and Maria will likely remain an earnings, rather than capital event, and that it does not expect its contingent capital facility will be triggered as a result of the losses it will suffer. SCOR has a catastrophe read the full article →

Swiss Re: H1 2017 insured disaster losses $23bn, 30% below average

Reinsurance firm Swiss Re has given a preliminary estimate for global economic and insured losses from natural and man-made disasters of just $23 billion for the first-half of 2017, which is down 36% on the prior year and 30% below average. Economic losses are estimated at just $44 billion, down read the full article →

First-half natural catastrophe losses way below average: Munich Re

Global economic and insurance industry losses from natural catastrophes in the first-half of 2017 have both come in way below average, with just $19.5 billion hitting re/insurers which is significantly below the $29 billion ten-year average, according to data from reinsurance firm Munich Re. Munich Re has released its latest view read the full article →

U.S. leads 2016 disaster losses due to record convective storms: Swiss Re

The global insurance and reinsurance industry suffered $54 billion of losses in 2016, according to the latest data from Swiss Re's sigma unit, with the United States leading the way due to a record number of severe convective storm events. Swiss Re's final tally for 2016 insured catastrophe and man-made disaster read the full article →

Billion-dollar insured losses from severe U.S. weather in January: Aon

Impact Forecasting, the catastrophe risk modelling unit of reinsurance broker Aon Benfield, has said that severe weather and flooding in the U.S. in January is expected to result in an insurance and reinsurance industry loss in the billions of dollars. Impact Forecasting’s latest Global Catastrophe Recap Report (which you can download read the full article →

Climate Index suggests rising frequency of costly weather events

A new climate index developed by the Climate Change Committee reveals the frequency of extreme weather events in the U.S. & Canada continues to rise, suggesting the potential for increased re/insurance industry losses, a trend supported by data from insurance and reinsurance brokerage group, Aon. Launched as a free to access read the full article →

Global insured catastrophe losses rise to $54 billion in 2016: Aon

At $54 billion global insured catastrophe losses in 2016 were the highest since 2012, driven by earthquakes, severe weather, flooding, and tropical cyclones, according to Impact Forecasting, the catastrophe risk-modelling unit of reinsurance broker Aon Benfield. Catastrophe losses during 2016, both economic and insured, were the highest for the last four read the full article →

Natural catastrophe losses in 2016 at four year high: Munich Re

Natural catastrophe losses have soared to a four year high after devastating earthquakes and powerful storms shook the globe in 2016, lifting insured catastrophe losses for the year to $50 billion, according to Munich Re. Economic losses totalled US$ 175bn, a figure two-thirds higher than 2015 losses and nearly matching 2012 read the full article →