-
Total yield is down from 11.18% in the last week of October 2024. -
Widespread underinsurance and low exposures will limit losses.
-
Covea’s Hexagon IV Re deal priced 13% below the initial target on a weighted average basis.
-
Since 2007, the Caribbean country has received $100.9mn in payments from the CCRIF.
-
Total gains for the year reached 7.71%.
-
Many commercial risks will have London coverage, but insured values are relatively low.
-
A roundup of all the news you need, including The Fidelis Partnership’s new syndicate.
-
CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
-
The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
-
The syndicate is expected to write ~$300mn of business in 2026.
-
Operating revenues were also up on the $29.1mn reported over Q2.
-
O’Donnell believes RenRe is well positioned to produce longer-tail risk to third-party investors.
-
Third-party investors made a net income of $415mn in the quarter.
-
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.
-
Central pressure of 900mb or below would trigger a full loss of the $150mn deal.
-
The legacy cover will backstop policies written by its North American insurance business.
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday.
-
Pricing on Friday implied a potential $45mn loss to the bond, before the storm outlook deteriorated.
-
The storm could bring flooding to Jamaica, Cuba and Haiti.
-
A roundup of all the news you need, including our exclusive on the California Fair Plan.
-
The insurer of last resort’s exposure was $696bn as of last September.
-
The bond will provide protection against US wind with a PCS trigger.
-
The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
-
The cedant’s current deal is due to mature at the end of January 2026.
-
The capital will provide retro cover for life-focused reinsurer Fortitude Re.
-
Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
-
EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
-
The executive is charged with defrauding investors out of nearly $500mn.
-
A roundup of all the news you need, including our exclusive on Calpers’ ILS entry.
-
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.
-
The award of the mandates marks the California public pension plan’s entry into ILS.
-
The reinsurer stressed it “did not shy” from cat business in 2023.
-
ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday.
-
Mory Katz joined the broker earlier this year.
Most Recent
