Hurricane

Up to 60 tornadoes struck eight midwestern states on Monday, NOAA has reported.

2020 Japanese prices likely to rise as typhoon loss set to double.

The agency forecast slightly more storm activity than predicted by other meteorologists.

New disclosure on the ILS manager shows AIG made a Q1 profit on its allocation to AlphaCat funds after a Q4 loss.

The deal will take the organisation’s cat bond cover up to $1bn including past transactions.

The subtropical storm is not expected to pose a threat to land, the NHC said.

The board of governors approved the increase during a teleconference on Friday, noting that losses in personal lines accounts due to hurricanes have decreased its surplus.

Insurers are looking to line up private deals as a stalemate emerges over early firm-order terms averaging risk-adjusted increases of 15-20 percent year on year.

With Nephila’s market share slightly shrinking, RenaissanceRe and Gen Re moved up the Florida leaderboard.

The main point of concern has been over lawyers' ability to find new ways around the clampdown on the AOB regime that has led more claims to court.

In April, TSR reiterated its early prediction that North Atlantic hurricane activity will be slightly below the long-term norm.

Insurers are looking to keep overall risk-adjusted rate increases to around 15-20 percent, lower than reinsurer expectations but still reversing several years of declining yields.