Paul Walsh

Articles by Paul Walsh

  • ECB warns insurers over climate change risks

    31 May 2019

    The European Central Bank (ECB) has warned of the continuous threats to insurance liabilities posed by the physical risks of climate change.

  • Europe's March cyclone estimated to cost insurers €740m

    23 April 2019

    Estimated insured losses from last month's cyclone Dragi-Eberhard will be €740 million ($833 million), according to catastrophe insurance data provider Perils.

  • 2018 cat losses will be far worse than early estimates, says JLT Re

    28 January 2019

    Total insured catastrophe losses for 2018 will be significantly higher than the $80 billion -90 billion reported by Swiss Re, Munich Re, Aon and others, according to broker JLT Re.

  • RMS warns of $13bn California wildfire losses

    19 November 2018

    Total insured losses from the wildfires currently devastating large parts of California will be between $9 billion and $13 billion, predicts RMS.

  • Insured losses from typhoon Mangkhut could hit $2bn

    27 September 2018

    Insured losses from typhoon Mangkhut in mainland China, Hong Kong and Macau are estimated to range between $1billion and $2 billion, catastrophe risk modeller AIR Worldwide has warned.

  • RMS predicts up to $5bn insured losses from Florence

    25 September 2018

    Insured losses from hurricane Florence, which caused widespread devastation across North Carolina earlier this month, will range between $2.8 billion and $5 billion, according to catastrophe risk modelling firm RMS.

  • Environmental group targets UK insurers over climate risk management

    06 August 2018

    Three major UK insurers have been accused of failing to take into account climate risks in their business models by environmental pressure group ClientEarth.

  • Analysts predict weaker hurricane season this summer

    04 June 2018

    As the 2018 Atlantic hurricane season begins, forecasters predict a sharp contrast with last year which was one of the most catastrophic in recent memory.

  • World's top insurers stalling on climate change drive

    25 May 2018

    While insurers are increasingly aware of environmental risks which might impact both sides of their balance sheet, new research has found that their investment strategies are not in line with the Paris Agreement. The research was published the same week Royal Dutch Shell held its AGM and shareholders, including some large insurers, were asked to vote on a climate resolution. Did they stand up to the test? Paul Walsh and Vincent Huck report

  • Green bond round-up, 14 February 2018

    14 February 2018

    National Australia Bank (NAB) has issued the country's first residential mortgage-backed security (RMBS) that includes a green tranche certified by the Climate Bonds Initiative (CBI).