Re/insurers
-
The coverage secured represents higher average insured values compared to last year.
-
Succeeding years of nat-cat losses have left aggregate and lower-layer capacity tighter.
-
The insurer reclassified some Hurricane Ida claims as storm Nicholas losses, producing an overweight loss for the second event.
-
The US P&C carrier is putting more premium through its captive.
-
CEO Kathleen Reardon said recent legislative changes are a ‘band aid’ but will help to calm the stressed Florida market.
-
It is the reinsurance company’s first entry to the cat bond market.
-
Rates have climbed 20%-35% since 1 January, and 40%-50% year on year, sources estimated.
-
The intermediary’s reinsurance solutions business has appointed Joanna Parsons as it looks to expand its capital advisory unit.
-
The pooled parametric insurance arrangement was trigged by localised drought.
-
The Bermuda-based InsurTech will deploy a combination of its own and rated paper capital.
-
Reinsurers secured concessions on terms and hiked rates as most insurers managed to patch together cover to enter hurricane season.
-
The state-backed carrier hopes to fill out more of the gaps in the coming days.
Most Recent
-
CoreLogic pegs private insured Helene losses at $1.5bn-$4.5bn
07 October 2024 -
‘Erratic’ Milton set for Cat 4 Florida peninsula landfall: NHC
07 October 2024 -
Helene insured losses in ‘higher single-digit billions’: Aon
07 October 2024 -
Volante looking for capital partners as OTPP scales back
04 October 2024