Business interruption
-
Cyber risk could create a bigger loss for insurers than a nuclear event, said AM Best, as it highlighted the potential for cyber losses to aggregate quickly from a single attack
-
AIR Worldwide estimated that the insured loss from the Chilean earthquake that occurred last week could be between $600mn-$900mn.
-
Fitch Ratings estimated that insured losses from the magnitude 8.3 earthquake that struck off the coast of Chile on 16 September were unlikely to top $500mn, with the bulk of losses being assumed by international reinsurers.
-
JLT targets corporate ILS opportunities; HCC plans weather growth
-
Florida-based managing general agency (MGA) New Paradigm Underwriters has begun writing parametric hurricane (re)insurance on Allianz paper, Trading Risk can reveal.
-
The Guernsey Financial Services Commission (GFSC) said that 45 percent of the 85 new insurance entities licensed during 2014 were linked to insurance-linked securities business.
-
The primary US insurance market could open up greater potential volumes of business to the growing ILS sector but there are several challenges ahead for funds trying to access this market.
-
Damage to Bermuda as a result of Hurricane Gonzalo may cost insurers $200mn to $400mn, modelling firm AIR Worldwide estimated.
-
Modelling firm RMS has released a $250mn industry loss estimate for the earthquake that hit the South Napa region in California last month, significantly below earlier estimates of the potential insured loss
-
The ILS team at Credit Suisse Asset Management estimated that insured losses from Sunday's Napa earthquake would reach about $1.5bn, according to a regulatory announcement from London-listed ILS fund DCG Iris.
-
The Californian earthquake that struck near the Napa Valley wine-producing region on 24 August may cost (re)insurers between $500mn and $1bn, catastrophe modelling company Eqecat estimated.
-
The first parametric transaction completed on JLT Capital Markets' Market Re private cat bond platform has raised $30mn of cover against North American earthquake risk.