catastrophe


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  • noun

Synonyms for catastrophe

Synonyms for catastrophe

an occurrence inflicting widespread destruction and distress

Synonyms for catastrophe

a state of extreme (usually irremediable) ruin and misfortune

a sudden violent change in the earth's surface

References in periodicals archive ?
To correct its rating analysis to reflect the natural catastrophe risk, Fitch used a combination of the two rating criteria.
The demand from both commercial and public interests (including (re)insurers, NGOs, global disaster management agencies, and local authorities) for sophisticated catastrophe risk assessment tools has never been greater, and contemporary catastrophe modelling satisfies that demand.
Furthermore, insurers can minimize the impact on the current underwriting workflow by capturing the data required for sound catastrophe risk management as part of the replacement-cost estimation process.
But that discussion quickly became more constructive and it's clear that modeling remains an essential part of the industry's ability to manage catastrophe risks," said Paul VanderMarck, executive vice president of Risk Management Solutions.
If Putin believes that the dissolution of the Soviet Union into fifteen independent states represents the "greatest geopolitical catastrophe of the century," then it follows that Putin might well believe he should do something to repair the loss occasioned by his predecessors Boris Yeltsin and Mikhail Gorbachev.
The market for catastrophe bonds, as discussed in our 2002 report, has transferred a small portion of natural catastrophe risk to the capital markets.
Since the amount of basis risk is fundamental to the success of derivative contracts (Black 1986), the main purpose of this paper is to examine the basis risk of catastrophe insurance derivative contracts.
Catastrophe insurance futures contracts, or catastrophe futures, constitute a new class of financial products.
Daraskevich was honored for leading the development of Characteristic Events (CEs), a tool to assist insurance companies in assessing and managing catastrophe risk.
There's a lack of capacity in the treaty marketplace and as a result, facultative reinsurance has become a vehicle for some companies to place some of their exposures and off-load some of their risk," said Tom Stone, who specializes in catastrophe risk management for Ernst & Young's Insurance and Actuarial Services.
Given the theme of this conference and recent concern with the supply of catastrophe insurance and reinsurance, my brief remarks focus on possible reductions in the costs of providing catastrophe coverage through securitization of catastrophe risk and changes in tax policy.
based retail operations of the ACE Group, today announced that it has expanded its environmental risk insurance products to add catastrophe management coverage.
Whether or not these new reinsurers, who act in consort with an established player, are publicly called sidecars, there's no doubt their presence has brought new capital to the industry and softened the hardness of the property catastrophe market following the busier than usual hurricane seasons of 2004 and 2005.
NYSE, Euronext: PRE) today announced leadership changes in its Catastrophe business unit, effective April 1, 2011.
There are three basic ways primary insurers can obtain catastrophe protection: purchase traditional catastrophe reinsurance, issue catastrophe bonds or purchase an industry loss warranty.