Catastrophes
-
Sums insured for European windstorm increased by 10.1% due to inflation.
-
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.
-
Sabine Re marks Allied Trust’s entry to the market.
-
Insured loss estimates are not yet available.
-
The Insurance Council of Australia has estimated A$743mn ($489.6mn) of insured losses from Tropical Cyclone Jasper and the Christmas and New Year storms.
-
The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
-
In total there were seven international events that exceeded $1bn in 2023.
-
The bond, which increased in size by 25% to $125mn, priced at the lower end of the previously guided range.
-
CFO Christoph Jurecka said losses for 2023 were in line with its expectations, but he added that the events producing the losses differed from those of years previous.
-
Anticipations of a tug-of-war around a ‘flat to slightly up’ pricing renewal have indeed come to fruition.
-
Next year will see North Atlantic hurricane activity about 30% above the 1991-2020 30-year norm, according to Tropical Storm Risk.
-
The costliest disaster was the southeast Queensland and NSW flooding in February 2022.
-
The P&C Re CEO discussed Swiss Re’s P&C appetite and nat cat exposure in the investor presentation.
-
Up-to-date building codes could reduce the amount insurers pay in the Caribbean by 18%, according to the risk modeller.
-
More than three-quarters of local exposure is ceded to highly rated reinsurers through excess of loss protection, according to the rating agency.
-
The 2020 bond provides $125mn of parametric, per occurrence coverage.
-
Top-layer cat risk is attracting additional capacity but reinsurers remain firm on attachment points, the broker said.
-
Experts agreed that investment in understanding wildfire risk had come a long way in recent years.
-
Lara's plan, backed Thursday by an executive order from California Governor Gavin Newsom, repackages elements of a proposed bill that collapsed earlier this month.
-
-
SCS accounted for nearly two-thirds of global first-half catastrophe losses.
-
With winds speeds around 80mph, Lee is now a Category 1 hurricane but is still expected to be ‘a large and dangerous storm' by the time it reaches New England and Canada.
-
Slow weakening is forecast during the next few days, but Lee is likely to remain a large and dangerous hurricane into the weekend, the update noted.
-
Data from the broker indicated that around 70% of global losses were driven by SCS, with events in the US causing $35bn of insured losses over H1.
Most Recent
-
Amundi Pioneer Cat Bond Fund expands to $322mn in AuM
23 April 2024 -
NCJUA targets $125mn of wind cover with Longleaf Pine Re
23 April 2024 -
State Farm exploring ‘mega cat bond’ issuance
22 April 2024