Allstate books $36m Sanders Re II cat bond recoverable after heavy 2023 cat loss year
Allstate reported a massive toll from severe weather related wind and hail events in 2023 and has booked a $36,.. Read More
personal Insurance
2023 reinsurance "step change" broadly held, no desire to reverse it: KBW at AIFA
The “step change” in property catastrophe reinsurance pricing, attachments and terms seen in 2023 has “broadly held” at the renewals,.. Read More
Everest's Mt. Logan Re makes two senior investor relations hires
Mt. Logan Re Ltd., the Everest Group owned and operated third-party investor capitalised reinsurance sidecar-like investment structure, has strengthened its,.. Read More
What Does "The Work of Adjusting Insurance Claims Engages The Public Trust" Mean? | Property Insurance Coverage Law Blog
March 6, 2024 Florida insurance regulations make the following applicable to all adjusters, public insurance adjusters, and public adjuster apprentices:,.. Read More
SCOR benefits from positive hurricane Ian loss development
SCOR has reported a significant -7.2 point benefit to its combined ratio due to positive development of prior year catastrophe,.. Read More
Jamaica targets four hurricane season catastrophe bond renewal: Finance Minister
Jamaica is looking to renew its catastrophe bond cover that expired at the end of 2023 and the country’s Finance,.. Read More
Gateway Re 2024-1 cat bond target increased, as price guidance lowered
The target size for the catastrophe bond issuance that will benefit the SageSure linked SureChoice and Elevate reciprocal exchanges,.. Read More
What you dont know about cars that are written-off
What does it mean for your car to be written-off? What are you meant to do next? How much will,.. Read More
Outflow trend over for collateralized reinsurance funds and sidecars: Fitch
Fitch Ratings believes that the trend of net outflows that has been seen across insurance-linked securities (ILS) funds and structures,.. Read More
Hiscox Re & ILS growth expected in 2024: Group CEO Hussain
Aki Hussain, Chief Executive Officer (CEO) of insurer Hiscox, expects continued outflows from the firm’s insurance-linked securities (ILS) business in,.. Read More
Coca-Cola pension fund ILS investments grow to $254m in 2023 on strong returns
Having seen its investments into insurance-linked securities (ILS) shrink in value since 2017 saw the market impacted by a string,.. Read More
Business InterruptionCan a New Business Collect for Lost Profits or Are They Too Speculative? | Property Insurance Coverage Law Blog
March 5, 2024 Proving financial damages for a new business is usually a difficult task. Following older case law, some,.. Read More
