-
A flurry of selling in the secondary cat bond market is causing “weakness in pricing”, according to a note by Twelve Capital, as sources suggested investors are moving to free up capital for what is expected to be a bumper pre-hurricane season phase. -
Of that roughly $400mn to $820mn can be attributed to commercial and industrial properties, according to Verisk.
-
The corporation’s major losses tallied £3bn, half the level of 2020, with Hurricane Ida driving half these claims.
-
This is down from the one-in-400-year benchmark used previously.
-
-
BMS’s Andrew Siffert said losses from US winter-related storms and thunderstorms are likely to arrive at a below-average figure for Q1.
-
The company ceded 67% more cat premium to Nephila in 2021 after pulling out of cat reinsurance itself.
-
The $500mn of new demand from Allstate highlights carrier need for cover after Ida, but pulling together cat capacity in the peak US market remains a tougher ask.
-
The earthquake was 250 times less strong than the 2011 Tohoku disaster.
-
Ceded premiums earned were also up by 27.7% due to new quota share agreements.
-
By failing to pass plans for new roof damage deductible, Citizens Property policy reductions, Florida lawmakers left property insurance reforms in limbo.
-
The incoming SVP joins from BMS Re, where she led the catastrophe analytics team for more than 10 years.
