Re/insurers
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This estimate would rank Eunice as the most damaging European windstorm event since Kyrill in 2007.
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CEO Mumenthaler emphasised cat as a “core competence” for the carrier.
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The start-up Bermudian reinsurer has focused initially more on quota share.
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Reinsurance recoveries will depend on whether losses are aggregated, the ratings agency said.
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The carrier took a net EUR838mn of cat losses in the full year.
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Cyber reinsurance premiums may exceed those of property cat by 2040.
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Combined with a challenging fundraising landscape that is likely to have led to investors cutting more deals, 2022 will be a year of fiscal pressure.
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The bond provides annual aggregate industry loss cover for named storm and earthquake.
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Scor’s renewals update denotes a continued push to control volatility while Hannover Re is focused on growth.
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This is the fifth issuance from FEMA and carries a slightly higher multiple than the 2021 deal.
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The Cayman Islands reinsurer will source underwriting risk for a new feeder fund investing in non-cat securities.
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RenaissanceRe had raised $470mn for the high-risk fund platform a year earlier.
Most Recent
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Hurricane Milton maximum wind speeds reach 180 mph: NHC
07 October 2024 -
Hurricane Milton strengthens to Category 5: NHC
07 October 2024