-
The deal points to a significant price correction in the cat bond market since 2018, with projected spreads up more than 20 percent when compared with past deals.
-
A long-running inquiry is looking at proposals to set up a public cyclone reinsurance scheme to mitigate affordability concerns.
-
Pricing for the earthquake notes settled above the midpoints of the initial guidance.
-
Incurred losses from Hurricane Michael have risen another 4 percent to reach $7.4bn, according to the Florida Office of Insurance Regulation.
-
The Insurance Council of Australia has tracked A$110mn ($75mn) of bushfire losses as it declared the Sunshine Coast hailstorm a catastrophe.
-
Hurricane Dorian and Typhoon Faxai losses have hit (re)insurers following a relatively benign first half of the year for catastrophe activity.
-
The deal covered damage from the 2017 Thomas and Koenigstein fires and the 2018 Woolsey Fire.
-
The Everest Re sidecar assumed $79.5mn of losses after Dorian and Faxai hits, up from $29mn in the same quarter last year.
-
The Insurance Council of Australia anticipates many more claims in the coming weeks.
-
More than 150 homes have been destroyed as fires blaze across New South Wales and Queensland, according to reports.
-
The New South Wales Rural Fire Service has forecast catastrophic fire conditions – the gravest possible forecast.
-
The class C notes are being offered with an initial guidance of 525-575 bps.