Daily Digest: Insurers warned of ‘compound changes’ in extreme weather, Princess Empress clean-up likely to hit IOPC threshold, Chubb promotes O'Brien to CRO

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Climate scientist warns insurers of ‘compound changes’ in extreme events Nine out of every 10 summers will experience extreme temperatures if global warming reaches 4°C, Sonia Seneviratne, professor for land-climate dynamics at ETH Zürich, said in the first in a series of webinars about climate change hosted by Swiss Re. During the webinar, titled “Natural catastrophes and physical climate change – a complex relationship”, Seneviratne said an extreme temperature event that might have happened once every 10 years in the period between 1850 and 1900 is now happening three times a decade. It is important for insurers to bear in mind, she added, there have been “multiple changes in extremes”.