Property
-
Widespread underinsurance and low exposures will limit losses. -
Many commercial risks will have London coverage, but insured values are relatively low.
-
Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
-
Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday.
-
The storm could bring flooding to Jamaica, Cuba and Haiti.
-
The funds will combine credit and ILS holdings.
-
The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
-
Equivalent to a Category 5 hurricane, Ragasa is the world's strongest storm this year.
-
Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
-
The volume of property cat aggregates placed grew 50% in 2025.
-
Syndicate 1440 was approved to assume business incepting January 2026.
-
The data modeling firm said losses previously averaged $132bn annually.
-
After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
-
The estimate covers property and vehicle claims.
-
Both organisations still predict an above-average hurricane season.
-
Around 95% of the Hiscox Re & ILS portfolio is rated rate “adequate” or better.
-
California wildfires account for $40bn of the insured loss tally in H1.
-
Scor's CEO said the P&C market had experienced a “competitive” first half.
-
The broker has noted that double-digit reductions are increasingly available in property.
-
Millions are evacuating after one of the strongest earthquakes in modern history.
-
Insured losses produced the second highest first-half tally since records began in 1980.
-
The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
-
The losses were below May’s $777mn, but almost 3x higher than for June 2024.
-
US events accounted for more than 90% of global insured losses.
-
In the US, the index fell 6.7% year on year.
-
Despite predicting fewer hurricanes, the numbers are still above average.
-
The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
-
The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
-
Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
-
The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
-
The loss has decreased by 0.3% since the company’s third assessment.
-
Almost 50,000 people have been forced to evacuate.
-
Berkshire Hathaway lost market share but remained the largest traditional reinsurer, our study shows.
-
The revision is significantly lower than the $4.5bn October estimate.
-
California homeowners are also expected to move admitted business to E&S.
-
The bond initially sought $425mn across three tranches.
-
Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn.
-
January’s California wildfires meant third-party investors suffered a loss of $195.3mn.
-
The Floridian company applied to be traded on the NYSE.
-
Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
-
Torrey Pines Re is split among three tranches of notes.
-
The cat bond will initially cover named storms in Florida and South Carolina.
-
Trouvaille II raised $580mn for 2025, compared to $325mn in 2024.
-
Losses stemmed from ex-Tropical Cyclone Alfred and North Queensland flooding.
-
The reinsurance broker said total reinsurance market capacity was up 5.3% year over year.
-
The cedant’s Namaka Re bond is offering a spread range of 200-250 bps.
-
The bond provides coverage for North American storms and earthquakes, as well as European windstorms.
-
The pricing is at the top end of the initial guidance range of 550-600bps.
-
Most of the industry losses occurred in Austria, the Czech Republic and Poland.
-
The business offers parametric windstorm coverage.
-
The reinsurer had taken the opportunity to buy more limit across event and aggregate covers.
-
The largest individual net loss at EUR230mn was caused by Hurricane Milton.
-
Both carriers have extensive reinsurance coverage.
-
There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny.
-
Almost 300,000 people have been left without power from the storm.
-
This loss number covers the property line of business.
-
The London D&F market will shoulder most of the losses.
-
Eric Paire was head of capital advisory at Aon for nearly seven years.
-
The terrorism pool has shifted its programme from facultative to an XoL arrangement.
-
Climate change and other loss impacts were not adequately incorporated, sources said.
-
HCI will now consist of two operating units – the other being its four underwriting entities.
-
DaVinci equity plus debt stood at $3.25bn as of 31 December.
-
The firm ceded $417mn of premiums to the sidecar in 2024.
-
The conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.
-
Several Florida start-ups are poised to begin writing business this year.
-
Wildfire loss ‘serves as a strong reminder not to unwind hard-fought for rates and terms’, the executive said.
-
Total combined losses for the agency’s Helene and Milton estimates stand at $31.8bn.
-
The carrier said 72% of those losses occurred in personal property.
-
The estimate is net of its per-occurrence reinsurance program and gross of tax.
-
Insurance Insider ILS revealed last week that the executive was leaving Property Claims Services.
-
The loss aggregator has classified the fires as two separate events for reinsurance purposes.
-
The Class B segment of the bond has priced below initial guidance.
-
More than 33,000 claims had been filed as of 5 February.
-
The carrier is “extremely well capitalised” to achieve its strategic ambitions.
-
The LA-based firm estimated gross cat losses in the range of $1.6bn-$2bn.
-
The role at PCS included acting as primary touchpoint for ILS.
-
CFP has a $900mn reinsurance attachment point and is still receiving claims daily.
-
The changes follow a strategic review of the Pool Re scheme in 2022.
-
The bond is likely replacing the 2021-1 Class F bond, which matured in December.
-
The storm is likely to be one of the costliest weather events in Canadian history.
-
The bond will provide coverage for named storms in North Carolina.
-
The state has seen 11 new entrants into the insurance market, reflecting renewed confidence.
-
But cat bonds are experiencing negative secondary market price movement.
-
The carrier disclosed it will book $1.1bn in net losses from the California fires.
-
The group ceded 55% more premium to Nephila over the year at $1.3bn.
-
The carrier has recognised two separate losses for the Palisades and Eaton fires.
-
The value of its investment in RenRe stood at $330.4mn as of 30 June 2024.
-
Theokli joined the company in 2021 as a senior underwriter.
-
The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
-
The carrier previously raised $125mn via an Ocelot Re cat bond in 2023.
-
Models will need to steepen the curve in the tail to reflect severe event frequency.
-
The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
-
-
The figure does not include specie or auto losses.
-
Secondary pricing on the carrier’s Topanga Re bond partly recovered following the guidance.
-
CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
-
The company received over 10,100 home and auto claims as of January 27.
-
The platform will match partner capital to provide capacity for reinsurance placements.
-
Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
-
-
Guy Carpenter said personal lines exposure would account for 85% of the aggregate loss.
-
Theo Norris joins from Gallagher Re, which brokered one of the first 144A cyber cat bonds.
-
The industry loss number has increased threefold from an initial $5bn pick.
-
The total includes fire and smoke damage plus living expenses for evacuees.
-
The fire started Wednesday morning and is currently 0% contained.
-
Losses from the larger fire will amount to $20bn-$25bn, the modeller said.
-
Severe convective storms accounted for 41% of last year’s insured loss load.
-
The former Credit Suisse ILS head Niklaus Hilti said working on life buyout hedges could rejuvenate the life ILS market.
-
There are many unknown factors including insurance gaps, high-value property and damage to critical infrastructure.
-
The estimate has reduced slightly since the modeler’s last update in October.
-
The anticipated portion ceded to reinsurance may reach the mid-to-high single-digit billions, it added.
-
This will be the most expensive fire in the state’s history, it said.
-
Kusche and Rosenberg will co-lead the firm’s global ILS business.
-
Sources say the Fair Plan is under-reserved, leading to the possibility of member assessment.
-
CEO Cerio highlighted changes that allowed the insurer of last resort to combine commercial, coastal and personal lines.
-
As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.
-
The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
-
The index’s performance in November was stronger than the prior year, although YTD returns are behind 2023.
-
Investigators are homing in on the likely causes of the incidents.
-
The number of structures damaged may put the event on par with the fires of 2017 and 2018.
-
Sources say 2025 could be as costly for wildfires as the $20bn-loss years of 2017-18.
-
Total economic and insured losses are “virtually certain” to reach into the billions.
-
This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
-
The vehicle is smaller by 8% as White Mountains’ participation grew.
-
Moody’s also expects losses in the billions of dollars.
-
Six wildfires are now burning in SoCal, with the Palisades fire being the largest.
-
Hurricane Milton resulted in the largest insured loss of the year at $25bn.
-
More than 4,000 acres are burning as thousands evacuate.
-
The renewal marks the seventh issue of the retro vehicle.
-
The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn.
-
The carrier said reinsurance was a key component of its “low-volatility strategy”.
-
In June 2023, Hale Partnership got its license from the Cayman Islands Monetary Authority for HP Re.
-
In the US, pricing fell by 6.2% at the major renewal.
-
Cat bonds were a key supply-side driver at 1 January 2025.
-
The broker anticipates strengthening investor demand for collateralised re.
-
Increased reinsurance capacity was more than sufficient to meet continued growth in global demand.
-
The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
-
First-time sponsor QBE secured $250mn of quake and storm coverage.
-
The broker estimated ILS capital has reached $107bn.
-
Homeowners’ insurance rates have spiked almost 60% since 2018.
-
The storms struck Victoria, New South Wales and Queensland.
-
Most of the industry losses occurred in Austria, the Czech Republic and Poland.
-
Everest is in the process of transforming its ILS offering.
-
The pricing multiple on the deal is 12.1x the sensitivity case expected loss.
-
TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
-
Losses are concentrated in the states of Baden-Wuerttemberg and Bavaria.
-
The carrier attributed the intensification of storms this season to climate change.
-
CEO Jonathan Zaffino said he saw opportunities for expansion in casualty.
-
The firm is understood to be reviewing contracts to bind coverage for 1 January.
-
The loss figure has increased 200% from the initial number provided in October.
-
Other capacity supporting the syndicate is mostly individual Names, sources have said.
-
The deal is offering a multiple of 13.6x on the sensitivity case expected loss.
-
The floods add to an already historic loss tally for Canada in 2024.
-
Helene losses were spread wider than initially suggested, in contrast to Milton claims.
-
The ILS unit’s AuM was higher by $100mn compared to $1.9bn as of 30 June.
-
The new funds will target the US wealth market through financial professionals.
-
A total of $2.1bn in Fema money has been approved for the state.
-
Tyler left Gallagher Re earlier this year.
-
In other property, Helene and Milton will assure rates remain attractive, he added.
-
The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
-
Stokes has been with Pillar for nearly four years.
-
Only around EUR70mn-EUR140mn will fall to private insurers.
-
The firm’s AuM in four key vehicles rose $526mn in Q3.
-
Ceded losses grew by 69.2% in Q3 from the prior year quarter to $44mn.
-
CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.
-
In its first deal, Enstar received $350mn in premium for certain 2019 and 2020 business in AlphaCat’s portfolio.
-
Most of the losses derive from France.
