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Disaster & Management

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Cyclone Burevi slams into eastern Sri Lanka

The cyclone is likely to damage coastal buildings and power lines and unleash flash floods, the island’s disaster management center said, advising those living near its path to stay indoors.Those evacuated, from the Trincomalee district expected to be hit the hardest, have been moved into 237 relief centers until the cyclone passes, disaster officials said.

Swiss Re to set up new fund for institutional and designated investors to access Nat Cat biz

Martin Bisping, CEO of Swiss Re Insurance-Linked Investment Management  said: “This new fund will open a unique opportunity for investors to invest in the same book of business as Swiss Re, benefitting from Swiss Re’s global reach, client access, risk knowledge and underwriting.“

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