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Insured losses from hurricane Laura could reach $9bn
01 September 2020Insured losses from hurricane Laura, which devastated parts of the US Gulf Coast last week, may reach $9 billion, according to estimates from two catastrophe risk modelling firms.
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Covid-19 triggers payout on World Bank's pandemic bonds
21 April 2020The World Bank has confirmed market expectations that the Covid-19 outbreak has triggered the pandemic catastrophe bonds issued by the bank's Pandemic Emergency Financing Facility (PEF).
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Ciara/Sabine insured losses to total €1.5bn, says Perils
25 March 2020Insured property losses from storm Ciara/Sabine, which devastated large parts of the British Isles and Europe last month, will total €1.5 billion ($1.6 billion), according to catastrophe insurance data provider Perils.
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Europe's March cyclone estimated to cost insurers €740m
23 April 2019Estimated insured losses from last month's cyclone Dragi-Eberhard will be €740 million ($833 million), according to catastrophe insurance data provider Perils.
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A maturing market
17 December 2015The catastrophe bond market saw growth slow in 2015, but demand for other risk transfer mechanisms remains strong, says Peter Cripps
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UK floods could cost £1bn, says insurer
11 February 2014The cost of damage and disruption caused by extensive flooding across the south and west of the UK this winter could reach £1 billion ($1.6 billion), an insurance specialist has warned.