Catastrophe Risks
2017 & 2018: Largest Back-to-Back Insured Tornado Losses in US History
The latest research report from Kroll Bond Rating Agency, titled "Insured Losses Rising for Tornadoes," looks at the rising risks of tornadoes. Read More
First Catastrophe Bond Issued Out of Singapore
Insurance Australia Group has sponsored the first catastrophe bond issued out of Singapore by Orchard ILS Pte. Ltd. Read More
Pool Re Issues World's First Terrorism Catastrophe Bond
Britain's state-backed terrorism reinsurer, Pool Re, recently placed a 3-year £75 million catastrophe bond that was issued through a special-purpose vehicle, Baltic PCC Ltd. Read More
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