Hurricane

Reinsurance: Willis Towers Says Catastrophe Costs Down 18% in 2019

24 January 2020 // 0 Comments

Insured losses from major natural catastrophes in 2019 totalled roughly $53.0 billion, about 18% lower than the annual average since 2011. This continues a relative period of [...]

Willis Re Arranges Reinsurance Cover For Covea Mutual

19 November 2019 // 0 Comments

Willis Re Securities, part of Willis Re, the reinsurance division of Willis Towers Watson, a leading global advisory, broking and solutions company, today announced that it [...]

First Payments of $12.8m Made by CCRIF for Hurricane Dorian Damage

29 September 2019 // 0 Comments

CCRIF announced today that it has made two payouts to the Government of The Bahamas totalling US$12.8 million (US$12,824,153) following the passage of Hurricane Dorian that [...]

Hurricane Dorian: RMS Estimate Potential Costs of $6.5bn

10 September 2019 // 0 Comments

RMS, a leading global risk modeling and analytics firm, has estimated that insured losses to the Caribbean from Hurricane Dorian will be between $3.5 and $6.5 billion. This [...]

CCRIF Makes $11m Initial Payment to Bahamas, Following Hurricane Dorian

9 September 2019 // 0 Comments

CCRIF will pay The Bahamas approximately eleven million United States dollars (US$10,936,103) following the passage of Hurricane Dorian that caused widespread devastation in [...]

Xceedance Launches Catastrophe Modelling Software Services

8 September 2019 // 0 Comments

In the wake of Hurricane Dorian, it’s useful for eveyone in the insurance sector to keep up to date with the latest disaster modelling software. The more information [...]

Hurricane Dorian: Latest from RMS

4 September 2019 // 0 Comments

Current status As of the 15:00 UTC NHC advisory, Dorian is 90 miles east-northeast of Daytona Beach, Florida with maximum sustained winds of 105 mph (Category 2) Possible [...]

Hurricane Dorian Could Cost the Reinsurance Sector Billions

3 September 2019 // 0 Comments

The costs of Hurricane Dorian could be $25 billion according to UBS, and the storm still hasn’t made landfall on the US mainland. Dorian, which is the second-strongest [...]