-
The devastating quake left more than 50,000 dead and destroyed 160,000 buildings in Turkey. -
The Hestia Re catastrophe bond has twice dropped its pricing from the initial guidance range of 10.5%-11.5%.
-
The estimate is an increase on the figure released by Perils in December, which gauged the insured losses at 120bn yen.
-
The aim is to launch a casualty ILS product that would enable Saudi investors to access US casualty risk.
-
The flooding resulted in the costliest weather event for New Zealand’s insurance industry to date.
-
The casualty ILS fund has been on a hiring spree since its $75mn Series B fundraise in June last year.
-
The Chicago-based carrier is targeting $100mn of Florida named storm coverage.
-
Yaworsky has served as interim insurance commissioner since being nominated by Governor Ron DeSantis last month.
-
The loss aggregator raised the quantum from its third estimate of A$6,292mn, put out in early September.
-
The company also expects the overall decrease in loss expenses due to the recent Florida legislation to be on the lower end of 25%-40%.
-
The division is deploying its own capital to make up for the lack of wider reinsurance and ILS capacity.
-
The MGA is seeking to double premium from $1.5bn over the next four to five years.
