Saturday 26 September 2020
 
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catastrophe

GCC catastrophe ‘could call for huge recapitalisation’

A single large catastrophe event with the same severity as the Super Cyclone Gonu in 2007 across the GCC would have resulted in an estimated third of all companies requiring recapitalisation, said an industry expert. “Had Go

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World faces 'catastrophe' over N Korea, warns Putin

Russian President Vladimir Putin has warned that the escalating crisis over North Korea's weapons program risks developing into a "global catastrophe" with mass casualties, reported CNN. But Putin, speaking

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World faces 'catastrophe' over N Korea, warns Putin

Russian President Vladimir Putin has warned that the escalating crisis over North Korea's weapons program risks developing into a "global catastrophe" with mass casualties, reported CNN. But Putin, speaking

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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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