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The Florida Hurricane Catastrophe Fund (FHCF) has said it expects only small charges resulting from hurricanes Matthew and Hermine
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Arch has hired Scott Maries to work on its run-off vehicle, our sister publication The Insurance Insider has learned
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Investor appetite for diversification means non-US exposed deals are likely to have a price advantage, according to Munich Re
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Zurich and Pacific Life Re have entered into a longevity swap covering £50mn of liabilities for an unnamed pension scheme
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Cat bond prices in secondary trading had recovered to pre-Hurricane Matthew levels by the end of last week (14 October), rising by 1.57 percent to 95.53 as the storm's impact proved to be less severe than anticipated.
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Hurricane Nicole has strengthened into a Category 4 storm and is due to hit Bermuda on Thursday, the US National Hurricane Center said.
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Hurricane Matthew will cost insurers $6.95bn for damage incurred across the US, modelling firm Karen Clark & Company (KCC) estimated today
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Two Florida insurers have released early sub-$100mn estimates for their Hurricane Matthew losses, implying that industry losses within the Sunshine State could remain well below $5bn
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State Farm leads the list of primary insurers with the most market exposure to catastrophe losses in the southeast US states of Florida, Georgia and North and South Carolina, according to analysis by Macquarie.
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Floridian insurer Heritage said that its latest modelled losses from Hurricane Matthew would fall under $100mn, leaving the claims impact to its reinsurance programme limited to $60mn and putting its Citrus Re cat bonds clear.
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Cat bond premiums fell by 11.3 percent during the third quarter, according to Lane Financial's rate-on-line index.
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Pennsylvania's Public School Employees' Retirement System (PSERS) attributed alternative investments to driving earnings, which came in at $474mn net of fees, representing a return of 1.29 percent for its fiscal year to 30 June.