-
Winds of 97 mph has led to closed roads and power outages in Colorado, according to reports.
-
Massive demand for cyber insurance could be an opportunity for the ILS market to expand, AIG president and CEO Brian Duperreault said at the Sifma IRLS conference in Miami.
-
The storm, which raced across Germany yesterday, had wind speeds of more than 100km/h.
-
The reinsurance industry spends a lot of time obsessing about risk modelling, but arguably its efforts to pin down ever more precise estimates of expected losses are let down by a 20th century approach to data handling.
-
The insurer kept its participation in the state reinsurance scheme stable at 45 percent.
-
Heritage, UPC and Florida Peninsula are among the major carriers to request more cover from the state reinsurance scheme. -
Oxfam aims to scale up the scheme, attracting insurance backing and investors, if the pilot is successful.
-
An Ares fund has used Nephila-backed proxy revenue swap contracts to help finance three wind farms in Texas.
-
The sidecar’s cat claims came in just under the $323.7mn level recorded in 2017.
-
The four-year bond will operate on a per-occurrence and annual-aggregate basis covering named storms, earthquake, severe weather and other perils.
-
One storm was classified as an EF-3 which means wind speeds of up to 165 mph (266 km/h) have been recorded.
-
There are some players in our industry who truly believe that any insurance risk can be securitised.
