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.
-
Following two decades at Aon Benfield, he will join Lockton sometime next year after his gardening leave.
-
Claims on 15 cat events impacted the carrier, with most losses related to April.
-
Hailstorms across the Midwestern US will likely add to substantial losses this year.
-
The fund expanded its distribution efforts in the two main Australasian countries last year.
-
The two tranches of notes will expire in October 2024.
-
The $50.25mn Randolph Re Series 2020-1 private cat bond will mature after one year.
-
Cat programmes have been completed this year, but a heavy hurricane season could shake up the market, the broker said.
-
The Monetary Authority is also exploring initiatives to support pandemic, cyber and climate ILS, an official says.
-
Several US states were hit by tornadoes, heavy rainfall and large hail in July.
-
The rating could fall if the company fails to meet deadlines, the agency has warned.
-
The start-up carrier reduced its price guidance for both tranches of the deal.
-
US cat events in June resulted in some 250,000 insurance claims being filed and four deaths.
-
Non-life lines have fared better than life products and premium volumes may fully recover in 2021.
-
Regulators have remained responsive despite the Covid-19 pandemic, according to the Obsidian CEO.
-
KKR described the $4.4bn deal as a “transformative event” and a “highly strategic” investment for the company.
-
She will leave Schroders at the end of the month after spending more than seven years at the company.
-
Twelve Capital's Urs Ramseier says the potential for more distressed opportunities to appear will depend on the extent to which carriers pass on increased reinsurance costs to policyholders
-
The Northeast P&C insurer said it is expecting AM Best to review its financial strength rating in response to the cutback.
