Last year was the most expensive in history in terms of economic losses but the level of payments faced by global underwriters had highlighted the need for greater insurance penetration.
Lloyd’s Chief Executive Richard Ward has hit out at the global insurance industry for its decision not to meet the second worst claims year in history with a rise in premium rates...
A year after the Tohoku earthquake and tsunami, a leading underwriter warned the event created a new dimension in terms of the growing size of supply chain claims.
This year will go down as the most expensive in history for economic losses due to catastrophes according to preliminary estimates from Swiss Re’s sigma team...
Under pressure Australian insurers are set to be stressed tested again after their regular raised concerns over their ability to meet a string of multiple catastrophes.
New Zealand’s Earthquake Minister Gerry Brownlee says reinsurers need to sort the fact from rumour after the Christchurch earthquakes...
One of the reinsurance industry’s leading experts of Geo Risk has said the earthquakes which hit Japan and New Zealand this year have shaken not only the risk industry but also their scientific peers to the core.
The annual study of the world’s major disasters had found Asia once again suffered the greatest economic losses.
One of the reinsurance industry’s leading experts of Geo Risk has said the earthquakes which hit Japan and New Zealand this year have shaken not only the risk industry but also their scientific peers to the core.
Delegates from across the globe headed for Australia’s Gold Coast for the 12th Biennial Aon Benfield Hazards Conference and were told there is still a reinsurance appetite for Australasia despite the catastrophes over the past year.