Nat Cat

cyclone-alfred-s-and-p-expects-insurance-claims-to-top-a2bn

Cyclone Alfred: S&P predicts insurance losses could top A$2bn

March 5 2025

Path and strength of cyclone remain uncertain, but insurance industry is well placed to weather loss of A$2bn (US$1.25bn), rating agency says.

as-cyclone-alfred-approaches-insurance-industry-brace-for-impact

As Cyclone Alfred approaches insurance industry braces for impact

March 5 2025

Insurers prepare to test revamped protocols amid 'great uncertainty' as Southeast Queensland braces for Alfred's impact.

Japan battles largest wildfire in decades as evacuations continue

March 4 2025

Exceptional dryness and strong winds have fuelled the fire, with Ofunato experiencing record-low rainfall of just 2.5mm in February.

Blue Marble launches reinsurance facility to expand global parametric capacity

March 4 2025

Facility aims to expand protection for underserved communities, including in Asia, and is backed by Zurich and global reinsurers.

BOM forecasts Cyclone Alfred to hit Brisbane

March 3 2025

Alfred could be the first to hit Southeast Queensland since Cyclone Zoe in 1974.

insurance-council-of-new-zealand-calls-for-greater-government-investment-in-climate-resilience

Half of New Zealanders want government to increase spending on climate resilience: ICNZ

February 28 2025

"Kiwis want to see more investment in resilience measures and action to avoid building in high-risk areas," says ICNZ chief exec Kris Faafoi.

RACQ calls for permanent resilient home building programmes across Queensland

February 26 2025

RACQ has emphasised the need for sustained investment in disaster resilience across the State.

queensland-launches-flood-resilience-grants-to-reduce-insurance-losses

Government launches flood resilience grants to reduce North Queensland insurance losses

February 26 2025

Initiative from the Queensland and Australian Governments offer up to A$10,000 to homeowners for flood risk mitigation upgrades.

ICA calls for A$30bn flood defence fund to curb insurance risks

February 26 2025

Council warns that escalating flood risks are driving up claims costs and making insurance increasingly unaffordable.

seadrif-fao-and-asean-nations-to-assess-southeast-asia-agricultural-risk-finance-facility

SEADRIF, FAO and ASEAN nations explore Southeast Asia agricultural risk finance facility

February 26 2025

The proposed facility aims to enhance climate resilience in Southeast Asia’s agricultural sector by addressing funding gaps and improving access to risk finance solutions.

banks-face-potential-a200-million-risk-from-underinsured-mortgages-says-sampp

Australian banks face potential A$200m risk from underinsured mortgages, says S&P

February 25 2025

Banks’ inability to monitor homeowners’ insurance coverage creates hidden risks for regional lenders, says S&P.

munich-re-names-hanh-nguyen-as-head-of-treaty-pampc-underwriting-for-south-east-asia-and-india

Munich Re names Hanh Nguyen as Head of Treaty P&C underwriting for South-East Asia and India

February 24 2025

Nguyen to succeed Joachim Zagrosek who is moving to Munich to lead P&C Treaty Underwriting for Germany.

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