Ten (10) fossil fuel companies caused more than $14tn of climate damage from 1991 to 2020, according to a study by a team at Dartmouth College, a private Ivy League research university.
Following the long-term annual growth trend of 5-7%, global insured natural catastrophe losses may reach $145bn in 2025, mainly driven by secondary perils like severe thunderstorms, floods and wildfires, says Swiss Re Institute in its latest sigma report. Primary perils like hurricanes and earthquakes pose biggest risks, potentially driving insured losses to $300bn or more in a peak year.
The Insurance Development Forum (IDF) Risk Modelling Steering Group (RMSG) has launched a new IDF web page housing a powerful suite of free, open-access risk modelling tools.
SCOR has appointed Mr Philipp Rüede as CEO for life and health (L&H) and member of the executive committee, effective 1 June 2025.
The International Association of Insurance Supervisors (IAIS) has published its application paper on the supervision of climate-related risks in the insurance sector.
China Re Group member Chaucer has appointed Mr Andy Cleair and Ms Emma Brown as class underwriters to its international property division.
Aon has appointed to its reinsurance solutions' client services function Ms Ann Field as global head of client experience, Mr David Griffiths as global head of claims strategy and innovation and Mr Steve Clark as global head of claims and client services advocacy for reinsurance solutions.
According to their LinkedIn post, WTW has appointed Mr Trent Williams as head of broking, global construction.
The first quarter of 2025 brought a series of devastating natural disasters across the globe and Asia was not spared from their destructive impact.
Swiss Re has appointed Mr Bernhard Kaufmann as group CRO, effective 1 October 2025.