Published by this author:
-
Coronavirus is just one factor driving rate increases, (re)insurers said.
-
People moves in the ILS marketplace.
-
Nat-cat experience was slightly adverse but Covid-19 losses were the main driver. -
The insurer said it has substantial reinsurance cover available although none have been drawn on yet.
-
Puerto Rico, the US and British Virgin Islands and other territories are under storm warning.
-
The (re)insurer also said most of LCM’s investors have appetite to go forward and remain active in the ILS market.
-
The reinsurer did not provide an updated Covid-19 loss estimate.
-
The estimate includes privately insured wind and storm surge damage to homes, commercial properties and cars, but not NFIP losses.
-
The deal is the second mortgage ILS transaction to close post-pandemic.
-
The storm remained offshore but lashed Kauai with rain.
-
The platform allows brokers to manage reinsurance deals from offers to execution.
-
This is the largest insurance fund the fixed income specialist has raised.
