Arch Capital estimates Q3 net catastrophe losses with Ian of up to $560m
Bermuda headquartered insurance and reinsurance firm Arch Capital Group has pre-announced its expected losses from the third-quarter of 2022, including,.. Read More
personal Insurance
Australia floods designated a catastrophe. S&P says reinsurance safe, for now
Australia has been flooding again in the last week, as storms and torrential rain hit parts of the south east,.. Read More
Global insured catastrophe losses already near $100bn in 2022: Aon
Globally, catastrophe losses that fall to the insurance and reinsurance industry are already near $100 billion, according to analysis from,.. Read More
Florida carriers face challenge securing reinsurance in 2023: Moody's
Florida’s domestic property insurance carriers, as well as those coastal focused US catastrophe exposed property specialist carriers, are facing a,.. Read More
Wholesale risk markets must "re-price, re-term, re-baseline" - Millette
The world has a “vibrant wholesale risk market”, spanning insurance, reinsurance and insurance-linked securities (ILS), but it’s time to go,.. Read More
Hurricane Roof Damage? How Does a Policyholder Know? | Merlin Law Group
Most people never get on their roof after a hurricane. For many, they cannot physically do so, and it would,.. Read More
Cat bond fund index falls again, now -6.04% down on avg since Ian
Catastrophe bond funds, as measured by the have fallen further in the wake of hurricane Ian at the last,.. Read More
Reinsurers were capital challenged even before hurricane Ian, Aon data shows
Even before hurricane Ian slammed into Florida, a cohort of reinsurance companies tracked by broker Aon were capital challenged this,.. Read More
K2 raising capital for new cat fund
K2 International, the London-based specialist MGA, is out raising capital for additional reinsurance and possibly US retrocession & ILW underwriting,.. Read More
Swiss Re puts initial hurricane Ian loss estimate at $1.3bn net of retro
Global reinsurance company Swiss Re has announced its initial loss estimate after major hurricane Ian, pegging it at $1.3 billion,,.. Read More
Without proper compensation, ILS investors will look elsewhere: Fitch
If they aren’t properly compensated for taking catastrophe losses, investors in catastrophe bonds and other insurance-linked securities (ILS) are likely,.. Read More
Florida reinsurance to be limited. Cost to rise above expectations: Citizens CEO
Reinsurance capacity for lower-layers of Florida focused towers is expected to become very limited in 2023, while renewal rates are,.. Read More
