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Global Nat Cat insured losses at $116 billion in 2021, more than 60% higher than average: Gallagher Re

by AIP Online Bureau | Feb 5, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

By region, North America accounted for the largest proportion of the loss at 68%, followed by Europe, Middle East & Africa at 23%, Asia Pacific at 8% and Latin America and the Caribbean at 1%. By peril, tropical cyclones were the most impactful, responsible for...

COVID-19 insured loss of $44 bln is third largest catastrophe loss -Howden

by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance

“There’s only so much event cancellation coverage out there, there’s only so much civil action coverage out there, and when you get to $40 billion, that’s pretty much exhausting what was underwritten,” said David Flandro, head of analytics at Howden...
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