Reinsurance News

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Strongest earthquake in 20 years hits southern California

5th July 2019

California experienced its strongest earthquake in two decades on Thursday after a magnitude 6.4 quake struck near the town of Ridgecrest in Kern County. There are reports of “significant damage” to the city, which is home to nearly 30,000 people, with cracked roads, felled power lines, and broken walls and windows ... Read the full article

Lloyd’s Lab reveals second cohort of insurtechs

26th April 2019

Lloyd’s Lab, the innovation accelerator launched by the Lloyd’s market last year, has revealed the second cohort of insurtechs to be selected for its 10-week program. As with the first cohort, which commenced in October 2018, 10 teams of insurtech start-ups have been chosen to develop technology driven products and processes ... Read the full article

Sicily rocked by earthquake following Mount Etna eruption

28th December 2018

An earthquake triggered by the ongoing eruption of Mount Etna has rocked eastern Sicily, injuring at least ten people, damaging churches and houses on the volcano's slopes, and forcing villagers to flee their homes. Italy's Civil Protection officials said the quake, which hit at 3.19am local time on Wednesday, was part ... Read the full article

Aon catastrophe report highlights protection gap in Asia

20th September 2018

Figures from the latest iteration of Aon’s monthly Global Catastrophe recap report have highlighted the scale of Asia’s protection gap following the severe flood and earthquake events in India and Indonesia respectively. The report states that the Kerala state in India was hit by its worst flooding in over 90 years, ... Read the full article