Catastrophe Risks
NOAA Assesses US Climate Disaster Events in 2019
According to the National Oceanic and Atmospheric Administration (NOAA), in 2019, there were 14 weather and climate disaster events with losses exceeding $1 billion each across the United States. Read More
FEMA Places Reinsurance for Flood Risk 4th Consecutive Year
For the fourth consecutive year, the Federal Emergency Management Agency (FEMA) has completed placement of reinsurance coverage. Read More
Insured Global Catastrophe Losses Down at $56 Billion in 2019
In its latest sigma findings, Swiss Re said global insured losses are estimated to be around $56 billion, down from $93 billion in 2018 and below the annual average of the previous 10 years. Read More
Willis Re Securities Completes €120 Million ILS CAT Bond for Covéa
Willis Re Securities has structured and placed €120 million of insurance-linked securities (ILS) to provide reinsurance capacity for Covéa Mutual Insurance Group. Read More
Insurers Continue To Reexamine Wildfire Peril
With the proliferation of wildfire losses in California, insurers will continue to reexamine this peril and likely make adjustments to risk appetites, capital management strategies, and reinsurance partnerships. Furthermore, enterprise risk management practices and risk-scoring models used by catastrophe modeling firms will also likely need to become more sophisticated. Read More