Hurricane

Several Florida cat bonds among new second quarter ILS transactions have set tight pricing precedents that will undoubtedly be used by insurers to try to keep a lid on rate movements in the upcoming mid-year renewals.

City National Rochdale's select strategies ILW feeder fund posted a loss of 3.90 percent in its first six months of operation, according to a Securities and Exchange Commission filing, as it benefitted from a reduction to Hurricane Irma loss estimates.

Lane Financial's ILS rate-on-line index dropped by 9.5 percent in the first quarter, marking a softening to the initial rating spike that took place after last year's hurricane activity.

Swiss Re has increased its estimate for global insured catastrophe losses in 2017 to $144bn making last year the costliest year ever for disaster claims.

Colorado State University scientists have predicted a more active Atlantic storm season this year, which is likely to result in seven hurricanes, three of them major.

Colorado State University scientists are to release their forecast for the upcoming Atlantic storm season today.

Two tranches of Nationwide Mutual's Caelus cat bonds are expected to be nearly wiped out by 2017-18 losses, following an investor update which put the insurer's Winter Storm Riley claims at $90mn-$130mn, Trading Risk can reveal.

A $1.3tn funding measure signed by US president Donald Trump on Friday sets a 31 July deadline by which Congress must re-authorise the National Flood Insurance Program (NFIP) or it will expire.

High initial loss estimates put out for Hurricane Maria by AIR Worldwide helped to fuel ILS fundraising that brought in more capital than would have otherwise entered the market, said panellists at an event hosted by sister publication The Insurance Insider last week.

Florida insurers are running up high costs of settling claims linked to Hurricane Irma, as loss adjustment expense (LAE) levels reach roughly 20 percent or more of total claims, sources have told Trading Risk.

Several Floridian insurers are looking to lower their reliance on the state-backed reinsurance fund in 2018, bringing a small amount of new demand into the market.

Opportunities abound for investors willing to embrace the resilience gap, according to RMS global managing director Daniel Stander