Swiss Re

Natural disasters increased insurers' costs in 2022, with inflation pushing up the bill even more, reinsurer Swiss Re said yesterday, warning of likely further rises in the future due to climate change.

This was announced by Swiss company for reinsurance, Swiss Re.

At that time, at least 5000 people lost their lives to natural disasters. Insurance companies covered up $19 millions, since only 42% of total losses were insured.
The damage of $40 billions has been made in natural disasters, while men is responsible for the remaining damage in the amount of $4 billions.

Total economic losses from natural and man-made disasters have soared by 63 percent to strike an estimated $306 billion in 2017, reinsurance firm Swiss Re said on Dec. 20.

Want to save the world and earn a juicy return at the same time?

The World Bank has got a bond to sell you.

The Bank has launched its first pandemic bond, raising funds to help developing countries combat infectious diseases. The sale raised $322m in two separate three-year bond issues, with the Bank also issuing $100m of swaps offering pandemic protection.

London's landmark "Gherkin" office tower has been sold to investment company Safra Group, controlled by Brazilian-Lebanese billionaire Joseph Safra.
   

London's landmark "Gherkin" office tower, one of the landmarks on the British capital's skyline, went on sale for about 650 million ($1.1 billion, 820 million euros) on Tuesday after being placed into receivership.
      
Property firms Savills and Deloitte Real Estate were jointly instructed to sell the 41-storey block in the city's financial district.