Swiss Re Warns of $300bn Catastrophe Losses
Reinsurer Swiss Re highlighted escalating catastrophe losses, rising secondary perils, and growing overlap between natural disasters and social unrest at its pre-Baden-Baden reinsurance meeting press conference.
Swiss Re warned that the global insurance market could face its first $300bn year of insured catastrophe losses due to extreme weather, urban exposures, and social instability.
Escalating catastrophe losses, rising secondary perils and growing overlap between natural disasters and social unrest.
This warning comes as geopolitical and civil unrest risks rise, straining reinsurers' balance sheets.
Author's summary: Swiss Re warns of rising catastrophe losses.
More News
- ZANU-PF’s crossroads: Mliswa’s proposed transitional presidium and the politics of renewal – Nehanda Radio
- Team Scharf stays alive with Wednesday evening win at Home Hardware Pre-Trials - Curling Canada
- Tribeca Citizen | What Cuomo has said about the White Street jail
- Mateo's Hoop Diary: Heat lose season opener in Orlando – Five Reasons Sports Network