-
ILS markets are expected to participate in the $1bn cyber pool.
-
The insurer has eroded a third of the deductible on its aggregate Skyline Re bond, well below last year’s storm activity.
-
The new model estimates the likelihood, severity, and insurance impact of security breach and cloud service provider downtime incidents.
-
The storm remains at a strength that would lead to a 50 percent payout of the $110mn Pacific hurricane cat bond protecting Fonden, although it may weaken before landfall. -
The Category 4 hurricane is strong enough to trigger the $110mn class C layer of Mexico's 2017 Multicat.
-
According to market sources, the $2.5bn in losses mostly falls with homeowners’ insurance, which accounts for 62 percent of that figure.
-
Initial modelled loss projections for the hurricane range from $2bn to $10bn.
-
The technology company has signed agreements with REsurety, Nephila and Allianz unit ART to cover three wind projects in the US.
-
As global head of capital markets Eric Solash will be responsible for executing capital market strategies across property and casualty (P&C).
-
The reinsurer said it had a 10 percent share of insured value in Bay and Gulf counties.
-
Floir data shows that First Protective has the largest market share, at 9.4 percent, followed by USAA, with 7.6 percent.
-
Insured losses from Hurricane Michael have been estimated to fall within a wide $3bn to $10bn range.
