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Areas along the Gulf coast of Florida have been put on tropical storm warning and hurricane watch as the US National Hurricane Center (NHC) warned that rainfall as a result of Tropical Depression 9 could affect the peninsula
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Catastrophe bonds have a robust record on claims payments and less potential for disputes than traditional reinsurance, according to a report by Standard & Poor's Global Ratings.
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A proposed mandatory catastrophe insurance scheme for households and small businesses in the Philippines has been put on hold, according to local media reports.
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ILS fund returns averaged 0.40 percent in July as managers escaped losses from storms and flooding during the month, according to the Eurekahedge ILS Advisers Index
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Stone Ridge Asset Management plans to seek approval from its board of trustees to amalgamate its Reinsurance Risk Premium Fund into the High Yield Reinsurance Risk Premium Fund, according to a US SEC filing
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The earthquakes that hit parts of central Italy earlier this week are likely to cause limited losses of between EUR100mn and EUR200mn ($113mn-$226mn), according to Fitch
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Insured losses from the magnitude 6.2 earthquake that struck near Norcia in Italy this week will be much lower than the overall economic costs of the disaster, various modelling firms said
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A major earthquake struck central Italy at 3:36 am local time overnight, killing at least 13 people and causing widespread damage.
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The merger between United Insurance Holdings and American Coastal creates growth opportunities but there are questions over sourcing business after an exclusive deal with American Coastal's production partner expires, according to JMP analyst Matt Carletti
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Louisiana insurer Maison Insurance Company - a subsidiary of Nasdaq-listed 1347 Property Insurance Holdings - said that it could make reinsurance recoveries under its per-risk cover as a result of recent flooding
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The Caribbean catastrophe risk pool has made a payout of $261,073 to the Belize government following heavy rains earlier in the month.
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Aon Benfield retro broker Chris McDowell is leaving the firm to take up the CEO role at Willis Re Bermuda from 2017, Trading Risk can reveal.
