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Spillover from the Covid-19 stock and bond market crashes made for some turbulence towards the end of the quarter despite the impressive volumes issued.
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The ILS market has used every reversal as a base for its future growth and this should happen again after Covid-19, the firm argued.
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The US mainland faces a 69 percent chance of at least one major hurricane making landfall in the upcoming storm season.
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The loss aggregator will issue an updated estimate for the losses at the end of May.
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The carrier said its solvency ratio remains within its target range.
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Property damage in eastern Australia totals $488mn, according to an initial loss estimate by Perils.
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Scor said it was eager to start marketing the transaction again within the next month when market conditions improve.
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Munich Re will provide initial capacity but ILS investors have been approached for future cover.
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The majority of losses hit the UK, Germany and Belgium, estimates show.
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CEO Bob Ritchie said entering the cat bond market offered stability for the company and policyholders.
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Both tranches of the bond could trigger as soon as April, once the growth rate is calculated.
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Aon's estimate shows that bulk sums offered rose from the $250mn previously reported.