-
Markel's ILS revenue dropped 30% amid Catco run-off and growing side-pocketed assets at Nephila.
-
Universal’s combined ratio deteriorated by 37 points to 134.7%, driven by Laura and Sally losses.
-
The move caps 18 months of turnaround efforts at the Bermuda reinsurer.
-
Local reports suggest that utility Southern California Edison may be linked to the fire.
-
The storm is predicted to hit “at or near” hurricane strength before continuing northwest. -
The calls will provide a barometer of claims activity on historic storms Irma and Michael as well as recent Hurricane Sally.
-
This is the first time the insurer has used the cat bond market since its Mariah Re cat bonds paid out after the record tornado season of 2011.
-
Forecasts point to landfall on the Louisiana/Mississippi border, bringing rain and possible flash flooding.
-
The storm is forecast to bring heavy rainfall and possible flash flooding when it arrives in the US early on Wednesday morning local time.
-
Kettle will operate as an MGA and “micro-reinsurer”, and sees itself as part of a new wave of InsurTechs.
-
Repeated pelting from smaller cat losses presents a host of challenges for carriers.
-
The tally surpassed its $16mn retention, but this was the first hurricane of 2020 for which it pre-announced a loss.
