Climate change shows 'claws' with rising costs for disasters, Munich Re says
Hurricanes, storms, floods and other natural disasters caused an estimated $140 billion in insured losses in 2024, up from ...
Hurricane Milton caused largest insured losses from any natural disaster in 2024, analysis concludes
Hurricane Milton, which hit Florida in October, caused about $25 billion in insured losses, the largest amount of insured ...
Insurance Insider2d
Munich Re pegs insured nat cat loss bill at $140bn in 2024
Hurricane Milton produced the highest insured losses of the year, totalling $25bn. Munich Re noted that Hurricane Helene ...
Hosted on MSN1d
Munich Re taps new CEO for Beijing operations
He will succeed Steven Chang who will retire in March. Munich Re reeled in Adrian Goh as Chief Executive Officer of its ...
Milton caused the largest insured losses in 2024
Hurricane Milton, which hit Florida in October 2024, caused about $25 billion in insured losses, the largest amount of ...
Artemis12d
Munich Re starts Eden Re II 2025 sidecar with $64.5m Class A notes, largest since 2019
Munich Re has been back in the capital markets to secure quota share based retrocession and to start the 2025 sidecar arrangement for the reinsurer, its ...
Disaster zone: The insurance industry crisis and real estate
Mounting losses and the growing threat of climate change spell urgency in what was once known as real estate’s boring corner ...
Extreme weather in 2024 sent insured losses soaring to the highest in 7 years
Global insured losses climbed to $140 billion last year, led by damages from Hurricanes Milton and Helene, a report from ...
insurancebusinessmag3d
Christa Schwimmer named CEO of Munich Re specialty reinsurance
Munich Re has appointed Christa Schwimmer (pictured above) as chief executive for its specialty reinsurance and Lloyd's and ...