Aon Benfield has launched the latest edition of its Aon Benfield Aggregate (ABA) report, which analyses the financial position of the world’s leading reinsurers at the end of the first quarter. The report, compiled by Aon Benfield Analytics, estimates that …
Weather experts said it’s unusual for deadly tornadoes to develop a few weeks apart in the U.S. But what made the two storm systems that barreled through a Missouri city and the South within the last month so rare is …
The Japanese earthquake and tsunami that occurred in March 2011 served as a wake up call of sorts for businesses vulnerable to supply chain exposures. Subsequent intense weather events in the United States during April and May have underscored the …
Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10 billion from weather-related losses in the United States in 2011, which is up …
There is “growing pressure” to support increased rates in property/casualty insurance and reinsurance markets, rating agency A.M. Best has concluded in its most recent market analysis. As a consequence, Best said it is maintaining its stable rating outlook for the …
Given the recent flooding, hurricanes and earthquakes, it appears the number of catastrophic events that inflict mass casualties and severe economic losses has increased — so much so that Dr. Erwann Michel-Kerjan, managing director of the Wharton Risk Management and …
In a new Market Update report insurance broker Lockton cautions that aftershocks from earthquakes in Asia Pacific and new catastrophe models create an uncertain environment for property insurance buyers. In the report Lockton’s Jim Rubel explained that recent events “are …
