Property

Flood Risk could divert Vietnam's high income ambitions says Fitch

January 17 2024

Vietnam's 2045 high-income aspirations are at risk due to severe flood threats from its extensive coastline and river deltas, impacting economic stability and foreign direct investments.

QBE launches new home cover in Macau

January 15 2024

QBE introduces Home Plus Protection Package via its new Macau online platform.

Vaisey moves from Crawford to Sedgwick as Head of Major and Complex Loss Property Australia

January 12 2024

Vaisey spent nearly twenty years with Crawford & Co, most recently as Regional head.

japan-new-year-earthquake-insured-losses-estimated-at-us6-4bn

Moody's RMS projects insured losses from Noto Peninsula Quake could hit US$6bn

January 12 2024

Moody's RMS provides the latest industry loss estimate at between US$3bn to US$6bn.

China’s US$140bn infrastructure spending plan a boost for P&C insurers says Swiss Re

January 12 2024

Infrastructure investments totaling CNY 800bn (US$140bn) are anticipated to strengthen China's P&C sector amidst a stabilising property market, says the reinsurer.

Verisk: industry property losses from Noto Earthquake may hit US$3.3bn

January 9 2024

Verisk's initial data analysis predicts losses between US$1.8bn and US$3.3bn, which does not account for non-property or indirect losses.

IAG ups reinsurance placement for 2024

January 5 2024

"Global reinsurance markets have stabilised during 2023, allowing IAG to purchase greater reinsurance protection" says IAG CFO, William McDonnell

Aussie Christmas storm claims surge to nearly 38k as ICA extends cat declaration

Aussie Christmas storm claims surge to 38k as ICA extends cat declaration

January 3 2024

Council extends insurance catastrophe declaration to cover East Coast storms, rain, and flooding in the New Year.

Magnitude 7.5 earthquake hits Japan, triggering tsunami alerts

January 2 2024

Tremors shook western Japan, resulting in tsunami warnings and affecting buildings and infrastructure.

Gold Coast bears brunt as ICA declares 'Insurance Catastrophe' for Christmas storms

December 29 2023

QLD, NSW, and VIC claims surge past 18,000 with Gold Coast accounting for over 10,000.

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