Tag: earthquake insurance

Financial, Risk Management

Claims paid for New Year’s Day Japan earthquake rise to $492m: GIAJ

April 23, 2024

Via: Reinsurance News

The General Insurance Association of Japan (GIAJ) has released new insurance claims data for the January 1st M7.5 earthquake that hit near the Noto Peninsula in Ishikawa prefecture, revealing that the claims paid total has risen by around 22% in […]


LM Re, XS Global & Safehub launch world’s first sensor-based reinsurance treaty for earthquake risk

September 5, 2023

Via: Reinsurance News

Liberty Mutual Re, the reinsurance arm of Liberty Mutual Insurance Group, MGA XS Global, and technology provider Safehub, have launched the world’s first sensor-based, parametric reinsurance treaty for earthquake risk. According to the announcement, this treaty marks a new era […]

Financial, Risk Management

California Earthquake Authority lifts Ursa Re cat bond target to $200m

April 11, 2023

Via: Artemis BM

The California Earthquake Authority (CEA) has lifted its target for its new Ursa Re Ltd. (Series 2023-1) catastrophe bond transaction, with now $200 million of reinsurance sought, while the pricing guidance has dropped for both of the tranches being issued. […]

Financial, Risk Management

Earthquakes to drive insured losses of $2.4 billion in Turkey, says KCC

February 16, 2023

Via: Reinsurance News

Total property insurance and reinsurance industry losses from the dual Kahramanmaras, Turkey earthquakes are estimated at $2.4 billion, with economic losses pegged at close to $20 billion, according to Karen Clark & Company (KCC). These estimates do not include losses […]

Geo-Political, Risk Management

Claims paid on Feb M7 Fukushima, Japan earthquake pass $1.62bn

June 18, 2021

Via: Artemis BM

Insured losses from the Magnitude 7.0 earthquake that struck off the coast of the Fukushima region of Japan on February 13th 2021 have continued to rise and at a faster pace, with the loss to the insurance and reinsurance industry […]