Average insurance losses from natural catastrophes are now at around US$133 billion (approximately £106.2 billion) annually, a record high, according to new data by Verisk. According to Verisk, the insurance industry would have to prepare for more than US$100 billion…
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Global Reinsurers Reducing Catastrophe Coverage – Fitch Report
Fitch Ratings has reported that global reinsurers are reducing their coverage for medium-sized natural catastrophe risks. This change is driven by investor pressure following years of significant catastrophe losses and improved profitability in other sectors. Even the strongest reinsurers are…
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