After a hearing held on Friday in the Supreme Court of Bermuda, an order has been filed that sanctions th...
Florida Peninsula now targets upsized $150m Palm Re cat bond at lower pricing
Florida Peninsula Insurance Company, one of the latest first time sponsors to enter the catastrophe bond market, is now seeking...
Florida Peninsula Insurance Company, one of the latest first time sponsors to enter the catastrophe bond market, is now seeking...
Article / 10 hours ago
75% chance of a hyperactive hurricane season in 2024: WeatherTiger
An increasing number of forecasters and meteorologists say to expect a very busy 2024 Atlantic hurricane season, with conditions looking primed for high...
An increasing number of forecasters and meteorologists say to expect a very busy 2024 Atlantic hurricane season, with conditions looking primed for high...
Article / 2 days ago
US property insurance market woes more widespread than just California: ALIRT
When it comes to challenges in the property insurance marketplace, in relation to climate, weather, catastrophe losses and insurer's ability to underwrite...
When it comes to challenges in the property insurance marketplace, in relation to climate, weather, catastrophe losses and insurer's ability to underwrite...
Article / 7 days ago
Florida Citizens "will always be able to pay claims" - CEO Cerio
After Florida Governor Ron DeSantis claimed on television that the states Citizens Property Insurance Corporation "is not solvent", the CEO of the insurer
After Florida Governor Ron DeSantis claimed on television that the states Citizens Property Insurance Corporation "is not solvent", the CEO of the insurer
Article / 7 days ago
$75bn+ loss needed to temper reinsurance optimism: Marsh McLennan Agency
With the reinsurance market increasingly optimistic and more capacity emerging, Marsh McLennan Agency has said that it would take a single loss event...
With the reinsurance market increasingly optimistic and more capacity emerging, Marsh McLennan Agency has said that it would take a single loss event...
Article / 8 days ago
2024 US convective storm season already breaking hail records: CoreLogic
According to data, analytics and modelling firm CoreLogic, the 2024 severe and convective weather season in the United States is already breaking records...
According to data, analytics and modelling firm CoreLogic, the 2024 severe and convective weather season in the United States is already breaking records...
Article / 8 days ago
ILW market activity rising, as preparations for hurricane season begin
According to Artemis' sources, activity in the industry-loss warranty (ILW) market has increased in the last few weeks, as reinsurance and...
According to Artemis' sources, activity in the industry-loss warranty (ILW) market has increased in the last few weeks, as reinsurance and...
Article / 10 days ago
Everest trims hurricane Ian cat bond recovery expectation
Having previously begun reporting an estimation it would receive up to $30 million in reinsurance recoveries from its Kilimanjaro Re catastrophe...
Having previously begun reporting an estimation it would receive up to $30 million in reinsurance recoveries from its Kilimanjaro Re catastrophe...
Article / 11 days ago
California to expand use of catastrophe models to wildfire, terrorism, flood: Lara
As part of its goal to ward off a developing insurance crisis in California that has seen major companies pull-back on underwriting property insurance...
As part of its goal to ward off a developing insurance crisis in California that has seen major companies pull-back on underwriting property insurance...
Article / 13 days ago
CEA's reinsurance tower reached $9.1bn pre-1/1, risk transfer costs up 15%
The California Earthquake Authority (CEA) entered the January reinsurance renewals with almost one billion dollars more in risk transfer than a year...
The California Earthquake Authority (CEA) entered the January reinsurance renewals with almost one billion dollars more in risk transfer than a year...
Article / 14 days ago