The insurance industry loss from October 2023's European windstorms Babet and Aline is now estimated to b...
Nuclear liability ILS deals renewed, as investor commits again
A significant institutional investor has again committed to supporting nuclear liability risks in insurance-linked securities (ILS) form, with the renewal...
A significant institutional investor has again committed to supporting nuclear liability risks in insurance-linked securities (ILS) form, with the renewal...
Article / 2 years ago
Sempra to secure minimum $180m size for SD Re wildfire cat bond
Electrical utility Sempra Energy looks set to secure its third slice of catastrophe bond backed wildfire insurance protection at the minimum targeted...
Electrical utility Sempra Energy looks set to secure its third slice of catastrophe bond backed wildfire insurance protection at the minimum targeted...
Article / 3 years ago
Sempra Energy returns for third and larger SD Re wildfire cat bond
Electrical utility Sempra Energy is back in the catastrophe bond market with what will be its third issuance and this time it is seeking a larger, perhaps...
Electrical utility Sempra Energy is back in the catastrophe bond market with what will be its third issuance and this time it is seeking a larger, perhaps...
Article / 3 years ago
Utility LADWP seeks second Power Protective Re wildfire cat bond
The Los Angeles Department of Water and Power (LADWP) has returned to the catastrophe bond market in search of its second cat bond to provide it with...
The Los Angeles Department of Water and Power (LADWP) has returned to the catastrophe bond market in search of its second cat bond to provide it with...
Article / 3 years ago
Winter storm losses in Texas drive ERCOT subrogation speculation
The size of the estimated winter storm insurance and reinsurance market loss from February's severe Arctic freeze and the issues suffered by energy...
The size of the estimated winter storm insurance and reinsurance market loss from February's severe Arctic freeze and the issues suffered by energy...
Article / 3 years ago
Palomar expects reinsurance recoveries for winter storm Uri
Palomar Insurance Holdings, the speciality California-headquartered insurer that provides largely catastrophe exposed property products, has said that it...
Palomar Insurance Holdings, the speciality California-headquartered insurer that provides largely catastrophe exposed property products, has said that it...
Article / 3 years ago
Delta losses to fall largely to insurers, some reinsurance impact possible
Hurricane Delta made landfall in the region of Creole, Louisiana on Friday at 18:00 local time, at Category 2 hurricane strength with sustained winds of...
Hurricane Delta made landfall in the region of Creole, Louisiana on Friday at 18:00 local time, at Category 2 hurricane strength with sustained winds of...
Article / 4 years ago
CCRIF targets private sector risk with parametric utilities cover
The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) is expanding its appetite to include private sector risk, with the...
The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) is expanding its appetite to include private sector risk, with the...
Article / 4 years ago
ILS fund subrogation benefits from PG&E may take a year to flow
While Pacific Gas and Electricity (PG&E), the wildfire stricken Californian electrical utility, made its $11 billion of subrogation payments in July...
While Pacific Gas and Electricity (PG&E), the wildfire stricken Californian electrical utility, made its $11 billion of subrogation payments in July...
Article / 4 years ago
PG&E's equipment caused Kincade wildfire, $600m+ hit possible
Transmission equipment owned and operated by Pacific Gas and Electricity (PG&E) has been deemed to be the cause of the 2019 Kincade wildfire in Sonoma...
Transmission equipment owned and operated by Pacific Gas and Electricity (PG&E) has been deemed to be the cause of the 2019 Kincade wildfire in Sonoma...
Article / 4 years ago