Weather
-
Projected Ciara/Dennis losses for major local insurers are expected to be below reinsurance retentions.
-
The GDV says natural events caused EUR3.2bn of insured losses in Germany in 2019.
-
The deal will take total cat bond cover available to the National Flood Insurance Program over the $1bn mark.
-
Ciara and Dennis could be the most significant European windstorm losses since 2018. -
The insurer lifted the attachment on an aggregate portion of its group reinsurance treaty, which was otherwise unchanged after its restructure for 2019.
-
The storm struck parts of Ireland and the UK on 9 February, before moving to mainland Europe.
-
The cyclone will hit Western Australia this weekend.
-
There is room to scale up existing risk transfer pilots, said Dfid’s Nick Dyer at Aon's Collaborating to Close the Protection Gap conference.
-
The pricing targets imply a minor uplift in the premium multiples on offer.
-
The cat loss figure is 2.4 percent of Everest Re’s total shareholders’ equity of $9bn.
-
The political boards will consider future funding structures for the insurer of last resort as well as a possible merger with the Texas Fair Plan.
-
The pricing benchmark on the low-risk quake bond has risen 10 percent above a similar 2018 transaction.
