Reinsurance News
earthquake
Swiss Re and Munich Re back newly launched CEI & Generali parametric solution
19th September 2025
Global insurer Generali and Conferenza Episcopale Italiana (CEI) have partnered to launch a new parametric insurance solution to protect parish entities in Italy's 226 dioceses from the impacts of natural catastrophes. Swiss Re and Munich Re are providing reinsurance capacity and expertise for this program, which also involves broking group Howden ... Read the full article
Miller announces parametric earthquake solution in partnership with SPG Canada & NormanMax
16th September 2025
Independent specialist re/insurance broker, Miller has partnered with Specialty Program Group Canada (SPG Canada) and NormanMax Syndicate 3939, to launch a new parametric earthquake solution which aims to address the growing concerns about the accessibility of earthquake insurance in the market. Under this partnership, Miller will facilitate a binder between the ... Read the full article
Liberty Mutual Re and Safehub launch earthquake parametric insurance solution
27th August 2025
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, and Safehub, a provider of seismic sensor and risk management technology, have launched ShakeNet Parametric, an earthquake parametric insurance solution. The move builds on LM Re’s 2024 exclusive partnership with Safehub, which aimed to deliver a building-specific, sensor-based parametric ... Read the full article
Thai insurance claims from March earthquake could reach $1.53bn
7th July 2025
According to the Thai General Insurance Association (TGIA), insurance claims stemming from the earthquake that struck Myanmar and impacted Thailand in March could total up to 50 billion baht (approximately $1.53 billion), with an estimated 150,000 claims. TGIA President Somporn Suebthawilkul noted that with the claims process expected to continue through ... Read the full article
Japan’s Zenkyoren & Germany’s SV secure $100m in quake reinsurance from cat bond
21st May 2025
German insurer SV SparkassenVersicherung (SV) has entered the catastrophe bond market with the successful completion of its debut cat bond, Liongate Re, securing $100 million in fully collateralized reinsurance, in collaboration with Japanese mutual insurer Zenkyoren. Named after the company’s headquarters at the “Löwentor” in Stuttgart, Liongate Re was issued via ... Read the full article
LM Re & Safehub sensor-triggered parametric coverage to protect UC campuses from earthquake damages
2nd October 2024
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual, and Safehub, a technology provider in seismic sensor and risk management solutions, have entered into a partnership with the University of California (UC) to protect their campuses from the risk of earthquake damage. The UC coverage is reportedly the first sensor-triggered ... Read the full article
Reinsurers well-positioned despite Japan’s Megaquake warning, says J.P. Morgan
23rd August 2024
Despite the Japanese government's issuance of its first-ever Megaquake warning in August, reinsurers are well-positioned to absorb losses from major events, including a large Japanese earthquake, according to J.P. Morgan's latest report. The warning, issued by the Japan Meteorological Agency (JMA) in early August and lifted on August 15th, has heightened ... Read the full article
Claims paid for Japan’s New Year’s Day earthquake & Hyogo hailstorm rise: GIAJ
24th June 2024
The General Insurance Association of Japan (GIAJ) has released updated insurance claims data for the Noto Peninsula Earthquake on January 1, 2024, and the hailstorm in Hyogo Prefecture on April 16 this year. On March 22, we reported that more than JPY 61 billion ($414 million as of March 8th ... Read the full article
Aeolus and RED announce research collaboration to assess earthquake risk
6th June 2024
Aeolus Capital Management and RED - Risk Engineering + Development (RED) have announced a collaborative research initiative focused on assessing earthquake risk. This study will be led by Pete Dailey, Head of Research at Aeolus, renowned for his expertise in catastrophe model development and analytics. Joining as the lead collaborator is Paolo ... Read the full article
Claims paid for New Year’s Day Japan earthquake rise to $492m: GIAJ
23rd April 2024
The General Insurance Association of Japan (GIAJ) has released new insurance claims data for the January 1st M7.5 earthquake that hit near the Noto Peninsula in Ishikawa prefecture, revealing that the claims paid total has risen by around 22% in a few weeks to approximately $492 million (JPY 74.44 billion). Read the full article
Insurable losses from Taiwan earthquake to be between $0.5-$1bn CoreLogic estimates
9th April 2024
CoreLogic estimates insurable losses from the 7.2 magnitude earthquake that hit Taiwan on April 3, 2024 will be between $0.5 and $1.0 billion (note, CoreLogic has reduced its figures from a range of $5bn-$8bn). This is considered the largest quake to hit the country in the last 25 years. Having ... Read the full article
NJ/NYC earthquake serves as a reminder of the risk despite minimal damage: CoreLogic
8th April 2024
According to CoreLogic, the global provider of property information, analytics, and data-enabled solutions, the recent M4.8 earthquake that occurred in Hunterdon County, New Jersey serves as a reminder that low risk does not mean no risk. Although the probability of damage is low, CoreLogic has encouraged homeowners and insurers to be ... Read the full article
Taiwan quake to impact local insurance industry due to high take-up rates
5th April 2024
According to Aon, the deadly magnitude-7.4 earthquake that struck eastern Taiwan on April 3 is likely to result in a notable event for the local insurance industry due to relatively high take-up rates. The quake is reportedly the island's largest in 25 years, with officials having reported at least 10 fatalities ... Read the full article
Taiwan’s strongest earthquake in 25 years could drive meaningful loss for local insurance industry
3rd April 2024
A 7.2 magnitude earthquake struck 18km south of Taiwan's Hualien city at 8am local time today, driving the strongest tremors to have hit the country in the last 25 years, and given the region's relatively high levels of insurance penetration it could be a meaningful loss for the local insurance ... Read the full article
Noto Peninsula Earthquake stands as only intl. industry loss above $1bn in Q124: CRESTA
2nd April 2024
As per the CRESTA Industry Loss Index (CLIX), which provides data on non-US cat events that have generated industry losses above USD $1 billion, the Noto Peninsula Earthquake that struck Japan on January 1, 2024, is the only event that was added to the firm's loss database during Q124. The initial ... Read the full article
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