Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

U.S. hurricanes and European winter storms are Munich Re’s top disaster risks


The recent Tohoku earthquake and tsunami disaster in Japan cost Munich Re around €1.5 billion but the spectre of another earthquake occurring in Japan, even under Tokyo itself, is not their biggest fear according to an interview in German newspaper Handelsblatt with Munich Re board member Ludger Arnoldussen.

Mr Arnoldussen explained that a quake in Tokyo would cost them more than €2 billion but that Japanese quake perils are not their top disaster risk. He also said that the likelihood (or risk) of a quake occurring there had not gone up since the recent disaster as major quakes rarely strike so close together.

Their most extreme losses, he explained, would come from the most extreme scenarios of a European winter storm or U.S. hurricane. These events could cost Munich Re around €3 billion each.

You can read the interview here (translated through Google Translate).

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.