Catastrophe Risks
P&C Industry's 2017 Underwriting Loss Expected To Rise to $29 Billion
A.M. Best expects the US property and casualty industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses. As a result, the industry 2017 combined ratio is estimated to deteriorate to 105.1 from 100.9 in the previous year. Read More
AON Structures Largest Earthquake CAT Bond for World Bank
AON Securities has assisted the World Bank in structuring the largest ever catastrophe (CAT) bond covering earthquake. The bond, which mitigates balance sheet risk for the World Bank in Chile, Colombia, Mexico, and Peru by offering protection against earthquake risk on a parametric basis, is the second largest catastrophe bond on record. Read More
JLT Re Reviews 2017 Natural Catastrophes and Reveals Potential Impacts for 2018
JLT Re's "Natural Catastrophe Year in Review 2017" report examines catastrophes in 2017 and provides insights to help understand the future impact of such events in 2018 and beyond. Read More
AON: 2017 Natural Disasters Generate $353 Billion of Economic Loss
AON Benfield's "Weather, Climate & Catastrophe Insight: 2017 Annual Report" reveals that 2017 had 330 natural catastrophe events that generated economic losses of $353 billion-of which 97 percent ($344 billion) was due to weather-related events. Read More
Extreme Weather Events Seen as Single Most Prominent Global Risk
"The Global Risks Report 2018," published by the World Economic Forum, shares the perspectives of global experts and decision-makers on the most significant risks that face the world. Extreme weather events were seen as the single most prominent risk, and large-scale cyber attacks ranked third in terms of likelihood. Read More