Tuesday 7 July 2015
 
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catastrophe

UN needs $1.6bn for Yemen aid, warns of 'catastrophe’

The United Nations said on Friday that $1.6 billion was now needed to face a ‘looming catastrophe’ in Yemen where a Saudi-led coalition has been launching air strikes against Houthi fighters in a campaign to restore the government in

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Cat bond market to hit $50bn by 2018

The number of catastrophe or cat bonds outstanding could more than double from the current level of $19 billion to $50 billion by the end of 2018, according to a report from BNY Mellon, the global leader in investment management and investment s

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Disasters cost insurers $43bn in 2010

Natural catastrophes and man-made disasters cost the insurance industry $43 billion in 2010, Swiss Re, the world's second-biggest reinsurer, said on Tuesday, revising up an earlier estimate. Swiss Re also revised down its estimate of w

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