-
Heavy rains have caused the worst flooding in 60 years and resulted in mass evacuations. -
Reinsurance underwriters and brokers anticipate a Japanese renewal largely unaffected by Covid-19 as negotiations continue to focus on payback for 2018 and 2019 typhoon losses.
-
The funding will be used to develop and improve risk models.
-
The firm said the outcomes differ by peril, region, and climate scenario.
-
After sizeable increases to take-up in 2019 and 2020, many carriers were already at maximum participation for state Cat Fund coverage.
-
One primary vehicle delivered a significant loss but many others are likely to have had their best year since 2016.
-
The models will be available in June initially for North Atlantic hurricane, Europe inland flood and Europe windstorm.
-
One swallow doesn't make a summer, but what do two retro "cashback" transactions portend for hurricane season?
-
The ILS manager offered to repurchase 20% of Interval fund shares, but this failed to meet investor demand to exit.
-
The Florida-based insurer will pay a 9.25% spread on the deal, 6% below the initial forecast.
-
Class C investors who entered the retro fund after the 2017 hurricane season made a 1.3% loss for the year, although wildfire subrogation meant a gain for ordinary shares.
-
Six of the 30 funds tracked in ILS Advisers index fell to a loss.
