USAA’s high-risk ResRe cat bond reaches $200mn The bond will provide the insurer with US multi-peril protection on an indemnity per occurrence basis.
Aggregate covers a focus for reinsurers amid wildfires USAA is among the top 10 carriers with exposure to the loss and has already eroded aggregate deductibles for the current year of cover after this year’s hurricane season.
PG&E outage reported before Camp Fire destruction The power utility has cover for any wildfires caused by its infrastructure.
Hong Kong to introduce ILS legislation The Insurance Authority said that it welcomed the initiative put forward by Hong Kong’s chief executive officer Carrie Lam.
