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Coalition puts CrowdStrike industry loss at $960mn or under
The firm said losses could fall under $300mn if more favourable assumptions were applied.
Abbie Day
,
26 July 2024
Great time to be reinsurer ‘if you have the tools’: RenRe’s O’Donnell
The property market remains “one of the most favorable ... I've seen in my career,” the executive said.
Shelby Rosenberg
,
25 July 2024
CrowdStrike learnings will boost investor confidence in CyILS: Parametrix
The profile of the loss could provide comfort to investors around exposure diversification.
Liz Bury
,
25 July 2024
Twelve and Securis to combine to create a $7.8bn ILS manager
Urs Ramseier will be CEO and Herbie Lloyd CIO.
Liz Bury
,
25 July 2024
Preliminary insured losses from outage between $400mn-$1.5bn: CyberCube
The event would represent a loss ratio impact of roughly 3%-10% on global cyber premiums of $15bn today.
Abbie Day
,
25 July 2024
CrowdStrike event could have ‘material impact on loss ratios’: Amwins
The market is expected to seek additional exclusions around systemic events.
Jai Singh
,
25 July 2024
RenRe ILS AuM inches higher to $6.34bn in Q2 2024
The reinsurer raised $84.5mn of third-party capital in the quarter.
Jai Singh
,
25 July 2024
Parametrix estimates Fortune 500 insured loss from CrowdStrike at $540mn-$1.08bn
The weighted average direct financial loss for a Fortune 500 firm was $44mn.
Jai Singh
,
24 July 2024
Hilti leads management buyout of Credit Suisse ILS from UBS
The sale is expected to be completed by the end of the year.
Jai Singh
,
23 July 2024
SiriusPoint names Axis’ Gonzalez global head of ceded reinsurance
The executive will replace Habib Kattan, who joined the company last summer.
Clark Mindock
,
23 July 2024
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