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14 December 2023Reinsurance

Australian cyclone pool in full swing, set for 12x growth year two

The state-backed Australian Reinsurance Pool Corporation (ARPC), a mandatory pool for cyclone reinsurance, is near full swing at the onset of its second fiscal year from November, with earned premiums set to rise nearly 12 times for the pending fiscal year thanks to new program arrivals. 

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17 April 2018   The re/insurance industry loss from extratropical cyclone Friederike (also called David) has reached €1.63 billion, according to Zurich-based catastrophe insurance data provider PERILS.
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11 December 2017   The insured property losses caused by extratropical cyclone Herwart that affected Austria and Germany in October are estimated to be at €252 million, according to data provider PERILS.
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