Latest Property-Catastrophe News
Growth rate of premiums in emerging Asia will be more than three times the world average in next two years.
Pacific Gas & Electric Co has warned investors that it if held liable for starting the fire, it could be subject to liability far beyond its coverage.
The manner in which risk and politics become increasingly linked gives re/insurers pause.
Insured losses from the blazes have so far been estimated as high as $10bn.
State Farm reports the total number of claims it has received thus far.
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The latest edition of Reactions leads with our exclusive interview with departing XL Catlin chief exec, Mike McGavick.
Blazes have contributed to a second record-breaking year in a row for major loss.
Investment expands Florida-based company’s ability to grow its proprietary parametric insurance platform.
A major eruption of Mount Agnung in Indonesia could cause more than $70bn in economic losses, but insured losses are expected to be low.
Africa Re’s group managing director and CEO, Corneille Karekezi, gives his perspective on the outlook for the continent’s reinsurance markets.
Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.
Developing products that actually meet the needs of those in emerging economies, as well as creating reliable and user-friendly ways of both paying premium and collecting claims, will all determine whether the multi-company multi insurance venture incubator is a success, says Aspen’s Mario Vitale.
Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.
Novae can start considering acquisitions rather than being acquired since share value has soared above book value, Novae’s CEO tells Reactions.
Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.
Interview: The National Flood Insurance Program (NFIP) is unsustainable, says Swiss Re’s Americas CEO Eric Smith. He and others are now suggesting that the private sector needs to take up some of the burden to ensure flood protection remains in the US.
Interview: Swiss Re’s Canada CEO believes consolidation among Canadian insurers will boost reinsurance demand as well as kick-start cat bonds. Insurers are also looking for reinsurance as a result of onerous new solvency requirements for BC earthquake.
In this month's Reactions