-
Morgan Stanley suggested the energy company’s liabilities could surpass $3bn, well above the trigger on the Cal Phoenix Re cat bond.
-
The initial estimate suggests an ultimate outcome broadly in line with market expectations.
-
The Camp Fire and Woolsey Fire have now destroyed 10,000 and 504 buildings respectively.
-
Oxbridge Re licensed its Oxbridge Re NS sidecar in the Cayman Islands in June.
-
The Italian insurer also plans to renew its Azzurro Re I cat bond next year.
-
The industry loss warranty will trigger based on a specified number of users in a network experiencing network failure.
-
The uptick is the result of more cat bond holders looking to sell, sources said.
-
The acreage burned so far this year is already almost double the amount last year, the ratings agency said.
-
The former XL Catlin chief operating officer is taking on an advisory role at the start-up which is developing a trading platform for (re)insurance risk.
-
The three fires have already destroyed 7,539 buildings, and threaten a further 15,000.
-
The power utility has cover for any wildfires caused by its infrastructure.
-
HCI Group's gross losses from Hurricane Irma have stayed stable in the third quarter.