Australian summer catastrophe claims hit $1.6bn, as ICA declares another significant event
The Insurance Council of Australia (ICA) has declared another “significant event” for last weekend’s severe storms that were focused on,.. Read More
personal Insurance
City of Zurich Pension Fund ILS allocation expands to ~$960m
The allocation to the insurance-linked securities (ILS) asset class by the City of Zurich Pension Fund has continued to expand,,.. Read More
What Is the Lead Underwriter When Dealing with Lloyds? What Is the Significance When a Claim Is Presented? | Property Insurance Coverage Law Blog
April 10, 2024 The term "lead underwriter" when dealing with Lloyd's of London carries a distinct significance due to the,.. Read More
UCITS cat bond fund assets grow by 4% to reach $11.4bn in Q1 2024
The assets under management of the main catastrophe bond funds in the UCITS format increased by 4% over the first-quarter,.. Read More
American Coastal lifts Armor Re II Florida wind cat bond to $200m
American Coastal Insurance Company is set to upsize its new Florida named storm catastrophe bond to $200 million, while,.. Read More
How to stay safe on South Africas most dangerous roads
South Africa has some of the most dangerous roads in the world. Here are some tips from King Price Insurance,.. Read More
Aspen returns for $150m Kendall Re catastrophe bond renewal
Aspen Insurance Holdings Limited is back in the catastrophe bond market for a second renewal of its international multi-peril catastrophe,.. Read More
Mid-year renewals to see significant increase in US property cat capacity demand: Aon
Broking giant Aon is anticipating a “significant increase in demand” for property catastrophe reinsurance capacity at the upcoming mid-year renewals,,.. Read More
Cat bond spreads adequately compensate for hurricane risk: Twelve Capital
Investment manager Twelve Capital feels that the spread being taken when investing into catastrophe bonds compensates for the shorter-term risk,.. Read More
What Does Physical Loss Mean in Kentucky? Can Temporary Delay Constitute Physical Loss? | Property Insurance Coverage Law Blog
April 9, 2024 Under Kentucky law, as interpreted in Century Aluminum Company v. Certain Underwriters at Lloyd's, 1 "physical loss",.. Read More
Catastrophe bond market yield dips to 12% on insurance risk spread squeeze
The total in US dollars had declined to 12% by the end of March, down from a high of,.. Read More
Verisk puts all its catastrophe risk models on next-generation framework
Global data and analytics firm Verisk has announced a new milestone for its widely used catastrophe risk models, as it,.. Read More
