-
Reinsurers are still figuring out just how costly 2018 was in terms of disaster losses – after all, 2018 has only just wrapped up and events such as the Sydney hailstorms lumped on further costs late in the year.
-
The Florida-based carrier renewed aggregate reinsurance covering non-hurricane losses, including a $30mn single-provider deal and a larger $85mn programme.
-
The Australian carrier said December’s Sydney hailstorm would trigger its per-occurrence reinsurance.
-
This is the final estimate for the cyclone, which hit Europe a year ago.
-
Last year’s feast has repeated on the market as Irma losses deteriorated, while fresh wildfires have caught out those who loaded up on liability exposure.
-
Eden Re provided $300mn of retro support for Munich Re in 2018 across a couple of debt issuances.
-
The government also said it is exploring the possibility of issuing a cat bond in the near future.
-
Hurricane Michael and the California wildfires have trapped a significant portion of retro capacity, the analysts said.
-
Merion Square will invest in property and casualty insurance, annuities and mortality-related ILS products.
-
News of the steep C share loss follows the revelation of regulatory probes in the US and Bermuda.
-
The insurer is understood to be exploring the possibility of claiming the Camp Fire as two separate events as it looks to maximise reinsurance recoveries.
-
Tropical Storm Risk has projected 12 tropical storms, five hurricanes and two major hurricanes for the 2019 storm season.