Sydney at risk of earthquake: insurer
`Sydney is the Australian city most at risk of an earthquake, while Brisbane and Townsville are the most likely to be hit by a tropical cyclone, according to a global insurance company.
Swiss Reinsurance Company launched Australia’s first ever natural catastrophe bond on Monday as a way of covering against major disasters. [..]
“How real are the risk exposures covered by this capital?” said Swiss Re head of Australia and New Zealand property and casualty business Keith Scott.
“Very real,” he said.’
