NFIP's reinsurance & cat bonds on-watch following RMS estimate
A hurricane Ida industry loss estimate update from RMS has put the National Flood Insurance Program’s (NFIP) reinsurance counterparties and,.. Read More
personal Insurance
CATCo portfolio continues to develop favourably, recoups 3% on 2017 losses
The retrocessional reinsurance investment portfolio constructed by Markel’s CATCo Investment Management is continuing to develop more favourably than had originally,.. Read More
RMS lifts hurricane Ida estimate to $31bn - $44bn, adds northern flood losses
Catastrophe risk modelling firm RMS has now added a further $6 billion to $9 billion of insurance and reinsurance market,.. Read More
CEA's risk transfer returns to $9.6bn. Short-term future needs less certain
The California Earthquake Authority (CEA) increased the size of its reinsurance and catastrophe bond risk transfer program by around 4.4%,.. Read More
FEMA starts January 2022 NFIP flood reinsurance renewal process
The U.S. Federal Emergency Management Agency (FEMA) is back in the reinsurance market, beginning the process towards a January 2022,.. Read More
Allstate says reinsurance recoveries to reduce $1.4bn hurricane Ida loss
US primary insurance carrier Allstate expects a $1.4 billion gross loss from recent hurricane Ida, but said that this will,.. Read More
Rate hardening should persist at 1/1: Leadenhall CEO Albertini
Hurricane Ida “reminds us that the strength and trajectory is what is important when it comes to hurricanes” and that,.. Read More
Capacity rationally insists on more rate to assume intensifying risks: KBW
Even though the global reinsurance market remains awash with capacity, it remains rational in its insistence of continued rate increases,,.. Read More
Ensuring the California Policyholder Complies with Policy Conditions During the Claim Adjustment | Merlin Law Group
A California policyholder’s compliance with all insurance policy conditions is required for claim payment. Understanding the conditions will prevent an,.. Read More
Collateralized reinsurance rises to $50bn on evident pricing discipline: AM Best
The collateralized reinsurance market is estimated to have grown to around US $50 billion by the end of the first-quarter,.. Read More
Mutual ILS funds take Ida hit. Stone Ridge interval fund falls ~5%
The main mutual insurance-linked securities (ILS) and reinsurance linked mutual investment funds have experienced some declines in the wake of,.. Read More
