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Reinsurers to absorb significant chunk of modest insured losses from Nepal floods: AM Best

Victoria Ohorodnyk, Senior Director, Head of Analytics, AM Best, explains that international reinsurers are expected to absorb a significant share of the overall modest insured losses from the devastating flash floods in Nepal, driven by the fact the country’s non-life insurance market relies heavily on reinsurance capacity to underwrite catastrophe risks. In its commentary, “Nepal’s…

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Peak Re names Wattanaumphaipong as Global Head of Distribution & Partnerships

Hong Kong-domiciled global reinsurer Peak Re has appointed Nattakorn Wattanaumphaipong as the Global Head of Distribution and Partnerships. Wattanaumphaipong brings over two decades of industry experience, having held senior leadership roles in management, reinsurance underwriting, and business development across Asia Pacific. Most recently, he served at the Great American Insurance Group as the Head of…

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Global insurers must prepare to absorb $171bn in insured cat losses each year: Verisk

Increasing catastrophes, inflation and construction costs are driving the continued rise in insured losses, Verisk’s 2026 Global Modelled Catastrophe Losses Report finds. According to the annual report, the insurance industry should be prepared to withstand $171 billion in insured catastrophe losses on average in a given year, up $19 billion from a year ago, and…

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