-
MyLotto24 said that a lottery prize win of about EUR37mn would be covered by a special insurance policy and not its ILS hedge.
-
Lloyd's weather risk coverholder GCube has appointed a weather risk analyst, Geoff Taunton-Collins, to support the expansion of the company's weather risk operations to North America.
-
Credit Suisse's innovative Operational Re bond is set to close at a size of CHF200mn, substantially lower than the CHF630mn originally sought, Trading Risk understands.
-
United P&C has launched its first cat bond offering through the $100mn Laetere Re issuance, Trading Risk understands
-
Reinsurance broker Guy Carpenter is developing a cyber aggregation model in partnership with technology firm Symantec Corporation.
-
Markel Catco expects its exposure to claims from the Canada wildfires will be absorbed by attritional loss reserves, affecting 2016 returns by less than 1.8 percentage points.
-
Collateralised reinsurers and ILS investors captured 12 percent more premium from the top 10 Florida carriers in 2015 than in 2014, according to data collected by Trading Risk.
-
Demand for Florida retro has been quieter leading into the 1 June renewal season this year, as the growth in reinsurance demand slows.
-
Florida carrier Security First is seeking to raise $100mn of reinsurance cover in its first cat bond transaction, Trading Risk understands.
-
Munich Re is set to close its latest Queen Street cat bond at $190mn, at the upper end of its revised target range, as pricing on the transaction settled at the lowest end of revised guidance, Trading Risk understands.
-
Catastrophe modellers are increasingly taking into account human-induced earthquakes, after recent research from the US Geological Survey showed that the Dallas-Fort Worth metroplex and Oklahoma City now face the same threat from temblors as California.
-
Collateralised reinsurers and ILS investors received $654mn in ceded premiums from the top 10 Florida carriers in 2015, a rise of 12 percent from $586mn the previous year, according to data collected by Trading Risk.
