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Apr 2013

Global News


Global insurers to foot half of Sandy losses

Global insurance companies are expected to foot approximately 50% of the estimated losses from Hurricane Sandy, or an estimated US$10 billion, given the anticipation that reported total costs will reach $20 billion.

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Traditional vs alternative reinsurers: Competition heats up

Competition between the traditional and alternative reinsurers is expected to intensify, resulting in consolidation and reduce prices and returns, according to a new report released by investment solution provider Conning & Company.

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Populous 21st century to see rise in Nat CATs and fatalities

The US Geological Survey (USGS) had recently published a study which predicted that population increases in this century can be expected to translate to more people dying from earthquakes.

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