personal Insurance

TransRe slashes cat book at 1/1 as returns insufficient: Alleghany CEO Brandon

TransRe, the reinsurance underwriting brand of the Alleghany Corporation, slashed its catastrophe exposures at the January 2022 renewals, making a,.. Read More

Florida Statute 627.70152: Part 2 Whats In Your Notice? | Merlin Law Group

This blog follows Florida Statute § 627.70152: Part 1 – A Rushed Mess, to further explore the anticipated disaster as,.. Read More

Climate change a driver for FEMA's use of cat bonds & reinsurance: Maurstad

The U.S. Federal Emergency Management Agency (FEMA) has hailed the successful completion of the issuance of its new $450 million ,.. Read More

Markel CATCo funds seek US bankruptcy support for buyout

The Markel CATCo retrocessional reinsurance investment funds are seeking support from the US bankruptcy courts for the proposed buyout schemes,,.. Read More

Euro storm losses may hit EUR 5bn. Reinsurance to take majority: Fitch

Recent severe European windstorm activity from storms Dudley, Eunice and Franklin (Ylenia, Zeynep and Antonia) could drive losses of as,.. Read More

SCOR P&C took catastrophe hit in 2021, climate change monitored

Heavy catastrophe losses through 2021 have driven SCOR’s P&C reinsurance combined ratio above 100 for the full-year, as the firm’s,.. Read More

Lodgepine CEO Barnard and President Slade depart Markel

Andrew Barnard and Brent Slade, the two most senior executives from Lodgepine Capital Management Limited, the in run-off start-up retrocession,.. Read More

Allstate exhausts cat bond as 2021 cat reinsurance recoveries hit $1.37bn

US primary insurance carrier Allstate has revealed making $1.37 billion of recoveries under its catastrophe reinsurance arrangements during calendar year,.. Read More

Munich Re cites higher demand, tightened alternative capacity

In announcing its results this morning, global reinsurance giant Munich Re has cited two factors in helping to improve market,.. Read More

Selling or Disposing of Evidence Is Not Spoliation of Evidence Countering an Insurers Spoliation | Merlin Law Group

An insured should be able to overcome an insurer’s claim that the insured’s sale or disposal of property is not,.. Read More

Coca-Cola pension fund ILS allocation shrinks 9% to $330m in 2021

Global beverage and food giant the Coca Cola Company’s pension fund allocation to insurance-linked securities (ILS) shrank in 2021, dipping,.. Read More