Everest has $350m of cat bond cover for hurricane Ian industry loss creep
Global insurance and reinsurance specialist Everest Group has $350 million of industry loss based retrocessional protection available to it from...
Global insurance and reinsurance specialist Everest Group has $350 million of industry loss based retrocessional protection available to it from...
Article / 1 month ago
Florida homeowners battle for insurance after Ian's devastation - Reuters
W hen Hurricane Ian slammed into his home in Cape Coral, causing about $90,000 in damage, Tom Paulits faced significant rebuilding work - but at least he was insured...
W hen Hurricane Ian slammed into his home in Cape Coral, causing about $90,000 in damage, Tom Paulits faced significant rebuilding work - but at least he was insured...
reuters.com /
Article / 3 months ago
KCC: Ian Contributed to Sizeable Insured Losses Despite Mostly Average ’22 Hurricane Season
Last year, the state of Florida sustained the largest hurricane loss with Ian, with estimates of more than $100 billion in economic damage, including...
Last year, the state of Florida sustained the largest hurricane loss with Ian, with estimates of more than $100 billion in economic damage, including...
Article / 4 months ago
The post-Ian taper: How fast will the hard cat treaty market unravel?
After the panicky dislocation of the 1 January hard market, there is one central question that cat-exposed reinsurers are trying to puzzle out now as business...
After the panicky dislocation of the 1 January hard market, there is one central question that cat-exposed reinsurers are trying to puzzle out now as business...
Article / 4 months ago
FEMA's FloodSmart 2020-1 cat bond no longer at risk from hurricane Ian
A tranche of FloodSmart Re catastrophe bond notes that provide reinsurance to the US Federal Emergency Management Agency's (FEMA) National Flood...
A tranche of FloodSmart Re catastrophe bond notes that provide reinsurance to the US Federal Emergency Management Agency's (FEMA) National Flood...
Article / 4 months ago
Contractor Not Properly Assigned $3M Ian Claim, Insurer Says - Law360
A condo's insurer asked a Florida federal judge to dismiss a $3 million Hurricane Ian damage claim from the condo's roof contractor, arguing Wednesday...
A condo's insurer asked a Florida federal judge to dismiss a $3 million Hurricane Ian damage claim from the condo's roof contractor, arguing Wednesday...
law360.com /
Article / 5 months ago
NFIP reinsurance tower at-risk as hurricane Ian claims near $4bn trigger
Reinsurance carriers participating in the lowest layer of FEMA’s National Flood Insurance Program (NFIP) reinsurance tower are now at-risk of losses...
Reinsurance carriers participating in the lowest layer of FEMA’s National Flood Insurance Program (NFIP) reinsurance tower are now at-risk of losses...
Article / 5 months ago
ILS fund side pockets for hurricane Ian continue to be reduced
We've learned from sources that a number of insurance-linked securities (ILS) fund managers have recently been able to further reduce the size of investment...
We've learned from sources that a number of insurance-linked securities (ILS) fund managers have recently been able to further reduce the size of investment...
Article / 5 months ago
Q1 2023 Natural Catastrophe Report
An active start to 2023 resulted in above average natural catastrophe losses around the world...
An active start to 2023 resulted in above average natural catastrophe losses around the world...
Report / 5 months ago
Insurer Travelers profit falls on U.S. storm costs - Reuters
Property and casualty insurer Travelers Companies Inc on Wednesday reported a 6% fall in quarterly profit, hurt by severe wind and hail storms in parts of the United States in March...
Property and casualty insurer Travelers Companies Inc on Wednesday reported a 6% fall in quarterly profit, hurt by severe wind and hail storms in parts of the United States in March...
reuters.com /
Article / 5 months ago
