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Philippines government cedes cat risks to global reinsurers
16 August 2017The Philippines government has agreed a reinsurance programme that will cover national government assets, as well as 25 participating provinces, from up to $206 million in losses from major typhoons and earthquakes.
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RMS moving towards climate change-adjusted rainfall modelling
22 March 2017Too uncertain to consider today, but also too big to ignore
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Protection gap for climate change risks grows to $100bn
07 December 2016Climate change related risks have dramatically reduced insurers' ability to underwrite certain assets, a report has found.
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Canadian wildfires biggest loss for reinsurers
18 July 2016Reinsurers XL Group, Aspen and Chubb have all pointed to wildfires in Canada, flooding in Europe, US weather and earthquakes in Japan and Ecuador to account for losses made in the second quarter of this year.
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Insurance industry takes two-track approach to forestry investment
14 July 2016Big insurers want to avoid correlation with natural catastrophe liabilities while smaller players dodge political risk