Nat Cat events

Aon estimates South Korean wildfire economic losses in the hundreds of millions of dollars

March 31 2025

Fires are ongoing but are already the most destructive in the country's history.

7.7 magnitude earthquake causes significant loss of life and infrastructure damage in Myanmar, Thailand

March 29 2025

State of emergency declared in both countries, with epicentre near Sagaing, Myanmar and felt up to 2,000km away.

South Korea battles historic wildfire emergency

March 28 2025

Country facing its worst ever wildfire crisis, with over 20 fires causing 28 fatalities and displacing more than 37,000 residents since 21 March 2025.

Australia Disaster Ready Fund application deadline extended following severe weather events

March 27 2025

This funding is part of the Australian Government’s five-year, A$1bn programme to strengthen disaster resilience.

arpc-issues-preliminary-a1-7bn-loss-estimate-for-ex-tropical-cyclone-alfred

ARPC estimates reinsurance pool will cover A$1.7bn in Cyclone Alfred losses

March 25 2025

Estimate remains fluid and is likely to change as further assessments, more claims data become available, the corporation said.

pvi-insurances-underwriting-results-affected-by-yagi-but-overall-impact-is-limited-am-best

PVI Insurance's underwriting results affected by Yagi but overall impact limited: AM Best

March 21 2025

AM Best affirms PVI's ratings, highlighting robust reinsurance growth and strong balance sheet.

Hanoi Re reports underwriting loss in 2024 due to Typhoon Yagi: AM Best

March 21 2025

AM Best affirms ratings, with reinsurer seeing an overall operating profit in 2024 thanks to investment gains.

Remote risk layers insulate ILS market from storm losses in 2024

March 21 2025

ILS sector posts ‘stellar returns yet again’ in 2024 as losses from Hurricanes Milton and Helene were largely absorbed by primary insurers.

insurance-claims-following-ex-tropical-cyclone-alfred-exceed-74k

Insurance claims from ex-tropical Cyclone Alfred rise to 74,000

March 20 2025

The number of claims has risen by over 10,000 since Monday.

cyclone-alfred-not-as-severe-as-it-might-have-been-say-industry-experts-but-lessons-remain

Cyclone Alfred not as severe as it might have been, but lessons remain

March 20 2025

Industry experts weigh-in on the impact of Alfred.

insured-losses-from-ex-tropical-cyclone-alfred-estimated-at-up-to-a2-5bn

JBA estimates insurance losses from ex-Tropical Cyclone Alfred at between A$1.5bn and A$2.5bn

March 19 2025

The storm displaced thousands, left 330,000 properties without power, and prompted over 20,300 evacuations in northern New South Wales.

Suncorp pledges A$500K for Cyclone Alfred recovery efforts

March 17 2025

Suncorp is also continuing its support in North and Far North QLD following flooding in February.

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