-
Heritage, UPC and Florida Peninsula are among the major carriers to request more cover from the state reinsurance scheme. -
Oxfam aims to scale up the scheme, attracting insurance backing and investors, if the pilot is successful.
-
An Ares fund has used Nephila-backed proxy revenue swap contracts to help finance three wind farms in Texas.
-
The sidecar’s cat claims came in just under the $323.7mn level recorded in 2017.
-
The four-year bond will operate on a per-occurrence and annual-aggregate basis covering named storms, earthquake, severe weather and other perils.
-
One storm was classified as an EF-3 which means wind speeds of up to 165 mph (266 km/h) have been recorded.
-
There are some players in our industry who truly believe that any insurance risk can be securitised.
-
The Florida-based insurer reported a $15mn cat loss for the full year.
-
The utility’s total pre-tax charges for the 2018 Camp Fire and 2017 Northern California wildfires now stand at $14bn.
-
The insurer posted a net loss of $9.3mn for Q4 2018.
-
The 2018 season was above average and produced a total of 15 named storms, the modelling agency said.
-
This is more than twice the level that some were projecting in September.
