Hurricane

The National Hurricane Center (NHC) said rainfall as a result of Tropical Storm Cindy could produce flash flooding in parts of southern Louisiana, Mississippi and Alabama, as the storm heads towards the US coast

Arrowhead General Insurance Agency has acquired earthquake and hurricane insurance agency TriCoast Insurance, the companies announced today.

Catastrophe modelling pioneer Karen Clark tells us why she thinks reinsurers could still be vulnerable to surprise hurricane losses

The main factors in this year's "double-dip" Florida reinsurance renewal were abundant supply, reduced demand from several key buyers and uncertainty over model changes.

Newly issued cat bonds, including the latest Alamo Re and Citrus Re 2017-1, have already traded above par on the secondary market, in a sign of strong ILS demand.

Forecasters are predicting an average to above-average 2017 Atlantic hurricane season, as debate continues over whether a longer-term shift to a phase of reduced activity is underway.

Florida-based insurer Homeowners Choice has secured $968mn of first-event catastrophe reinsurance cover for 2017-18, slightly less than last year’s limit of $972mn, as it obtained better terms

Rates at the 1 June Florida reinsurance renewals softened more than underwriters were hoping for last month, with reductions averaging around 5 percent, sources said.

Tropical Storm Risk (TSR) has increased its outlook for the upcoming North Atlantic hurricane season, predicting activity will be about average compared with both the long-term and 2007-2016 norm.

UPC Insurance has more reinsurance in place for the 2017 hurricane season than in any previous year after placing a $1.9bn cascading programme in the open market that features 70 percent collateralised participation.

The National Oceanic and Atmospheric Administration (NOAA) is predicting that the upcoming Atlantic hurricane season stands a 45 percent chance of recording above-normal activity

Trustees at the Florida Hurricane Catastrophe Fund (FHCF) have expressed a preference for a lower trigger point if the fund does proceed with a renewal of its $1bn catastrophe reinsurance programme for 2017/18.