-
The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals. -
Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
-
This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
-
The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
-
The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
-
Los Angeles wildfires and SCS pushed US losses to $89bn.
-
Several Lloyd’s syndicates are also now providing cover for the federal insurer.
-
Fears relating to an economic downturn continue to dominate concerns.
-
The peril has been historically difficult to model compared to others.
-
Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
-
Japanese firm MS&AD acquired 80% of ILS manager Leadenhall Capital Partners in 2019 from another affiliate.
-
The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
-
Widespread underinsurance and low exposures will limit losses.
-
Many commercial risks will have London coverage, but insured values are relatively low.
-
Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
-
Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday.
-
The storm could bring flooding to Jamaica, Cuba and Haiti.
-
The executive is charged with defrauding investors out of nearly $500mn.
-
While rates have “definitely come down,” they were coming off a high base, Rachel Turk said.
-
Nine-month insured losses still exceeded $100bn due to California wildfires.
-
Mory Katz joined the broker earlier this year.
-
Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
-
The funds will combine credit and ILS holdings.
Most Recent
