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Typhoon Faxai to be as costly as Trami

Non-life insurers in Japan are anticipating a 300bn yen ($2.8bn) loss from Typhoon Faxai, the chairman of the General Insurance Association of Japan has said.

Aon says Imelda economic cost at least 'hundreds of millions’

Private insurance predicted to cover “lower than normal” share of claims due to bulk of damage coming from water impact.

Bermuda in projected path of Hurricane Jerry

The hurricane is forecast to have weakened to a Category 1 storm by the time it could approach the island at the start of next week.

House of Representatives passes short-term NFIP extension

The legislation still needs to be passed by the Senate in order to be enacted.

• MS&AD and Sompo put Faxai losses at around $1bn each
• ILS a preferred alternative for small Swiss pension funds: study
• Markel names Hamilton’s Slade as Lodgepine president
• Bermuda buffeted as Cat 3 Humberto passes by
• AM Best rates Brit Re A ahead of casualty drive
• Lloyd's boosts profits but reinsurance segment falls to loss

Opinion

Investors will want evidence from carriers that they believe in the retro business case

Reinsurance puts too much focus on itself – but occasionally introspection is worthwhile

Is traditional reinsurance the real source of locked capital?

Dorian raises spectre of third loss year fears

Analysis

Full 2017-18 cat bond losses reach $1.2bn

Fourteen cat bonds with a combined value of $1.18bn are expected to be a full loss following 2017 and 2018 losses, Trading Risk understands.

Reinsurers boost fees on ILS growth

The handful of reinsurers to disclose third-party fee income lifted this source of earnings by almost a third year on year in the second quarter.

Analysts on ILS M&A: full-service platforms may win

M&A activity has made analysing structural conflicts in ILS platforms harder but winners may be those that offer a range of means of access to risk, consultants say.

Most reinsurers lift cat exposure as retro use flattens

Most reinsurers lifted their exposure to major cat losses heading into 2019, with net written premiums rising further early this year, ratings agencies noted.

Supplements

Investor Guide to ILS: H2 2019

Reinsurance conditions began moving in investors’ favour in mid-year 2019, marking a delayed reaction to 2017-2018 losses.

Trading Risk Awards 2019

This year’s award winners have taken their moment in the spotlight at a turbulent time in the ILS market’s history, making their recognition all the more valuable.