Catastrophe Risks
FEMA Places Reinsurance for Flood Risk Third Consecutive Year
For the third consecutive year, the Federal Emergency Management Agency (FEMA) has completed placement of reinsurance coverage to help manage the National Flood Insurance Program flood risk. Participating in the $1.32 billion placement were 28 private reinsurers. Read More
Global Insured Catastrophe Losses for 2018 Reach $225 Billion
Findings from AON's "Weather, Climate & Catastrophe Insight: 2018 Annual Report" show that 394 natural catastrophe events in 2018 generated economic losses of $225 billion. Read More
Marriott Breach Losses Estimated Up to $600 Million According to AIR
AIR Worldwide (AIR) has projected the direct cyber-incident losses for the recent Marriott breach will be between $200 million and $600 million. Read More
Swiss Re: Global Insured Loss Estimates Reflect Sigma's Fourth Highest
Swiss Re's latest preliminary sigma estimates found that total economic losses from natural and man-made catastrophes in 2018 declined to $155 billion from $350 billion in 2017. Findings also showed that estimated global insured losses are currently around $79 billion, higher than the annual average for the previous 10 years. Read More
Alternative Capital Made Up 22 Percent of Property CAT Limits in 2017
According to a recent report from Swiss Re, alternative capital made up 22 percent of all property catastrophe limits in 2017, and the amount of alternative capital was around $95 billion in the first half of 2018. Read More