Trading Risk has swiftly become the leading title covering the convergence of the (re)insurance industry with the capital markets. Trading Risk provides insight and intelligence on all aspects of the trading of insurance-related risk.
ILS has made steady inroads in Japan but heavy hurricane and typhoon losses in the past three years have led some investors to reduce their allocations or even step back from the asset class...
Axis has said its Covid-19 losses have eroded more than two thirds of the deductible on its UK property reinsurance tower after it recorded $235mn of claims in Q1...
Heritage Insurance Holdings reported $17mn of catastrophe losses in Q1, up from $15mn in the same period last year...
A recent Pennsylvania court ruling that Covid-19 qualifies as a “natural disaster” has broadened the scope for new BI claims, some lawyers argue, though the need for US claimants...
BI losses arising from the Covid-19 pandemic will be absorbed largely by the insurance industry, but in some limited cases may reach...
Legislation that would expand insurers’ liability to pay future BI claims related to Covid-19 is being reviewed by lawmakers, but the bill would be...
Some corners of the ILS market are more insulated than others against Covid-19 business interruption (BI) claims being forced through, but challenges are emerging...
Sandro Kriesch, a founding partner of Twelve Capital, has told Trading Risk he doesn’t expect many ILS funds to “be on the hook” for business interruption losses...
Catastrophe losses are likely to be amplified by social distancing measures which have been implemented in response to the Covid-19 pandemic, modelling firms agree...
Arcus Syndicate 1856 reported £7.0mn in losses from typhoons Faxai and Hagibis in 2019 but the syndicate's overall net claims almost halved year-on-year to £48.7mn...
