-
As a result of mostly flooding, £474mn of losses occurred in the UK. -
Researchers expect 15-20 named storms to form in the Atlantic Basin.
-
This follows February’s cat losses coming in below the $150mn reporting threshold.
-
Insured loss for Q1 was 10% higher than the decadal average of $18bn.
-
Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.
-
The new global bond fund can take a ‘marginal allocation’ to cat bonds.
-
Managers have tightened buffer terms and added extension spreads to enhance illiquid strategies.
-
The most extensive damage was caused by rainfall in Texas, Louisiana, Mississippi and Florida.
-
Sums insured for European windstorm increased by 10.1% due to inflation.
-
The fund is a continuation vehicle for five of HSCM's life insurance interests.
-
GeoVera’s MGAs will sell to SageSure and insurance companies will merge with SafePort.
-
Tropical Storm Risk (TSR) has updated its forecast for North Atlantic hurricane activity, predicting a "hyper-active season" in 2024, with activity being around 70% above the 1991-2020 climate norm.
