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Insurance
The main challenge AIR Worldwide sees in Asia with respect to catastrophe risk management and modelling is a lack of quality exposure data. 11 October 2016
Insurance
The Chinese reinsurance market is tipped for long-term growth but there will be little change in the short term despite the number of startups in the market this year, says Eunice Tan, director at S&P Global Ratings. 11 October 2016
Insurance
Losses to commercial lines will be the primary driver of the total insured losses from floods resulting from Hurricane Matthew, according to Tom Sabbatelli, hurricane risk expert at RMS. 11 October 2016
Insurance
Kuvare Holdings, a private equity backed company in the US that invests in insurance companies, has completed its purchase of Guaranty Income Life Insurance Company (GILICO) and also established a new reinsurer, Kuvare Life Re (KLR). 10 October 2016
Insurance
The insured property losses for both residential and commercial properties from Hurricane Matthew are estimated to be between $4 billion and $6 billion from wind and storm surge, according to property analytics provider CoreLogic. 10 October 2016
Insurance
Reinsurers’ underwriting performance declined in the first half of 2016 due to higher natural catastrophe losses – and the negative trend is set to continue into 2017, according to Fitch Ratings. 10 October 2016
Insurance
Hurricane Matthew will represent a real test of reinsurers’ exposures and resilience as it has the potential to erode some of the global reinsurance sector's excess capital, according to a report by S&P Global Market Intelligence. 7 October 2016
Insurance
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has said it is prepared to make an estimated pay-out of $20 million to the Government of Haiti as a result of the passage of Hurricane Matthew. 7 October 2016
Insurance
Some 15 catastrophe bonds could be triggered by Hurricane Matthew if it causes substantial losses in Florida, according to S&P Global Ratings. 7 October 2016
Insurance
Tropical cyclones in September have cost the global economy over $4 billion dollars, according to Impact Forecasting’s Global Catastrophe Recap report. 7 October 2016
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