AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, has launched what it calls the “World’s First Catastrophic Risk Models Linked To Skillful Climate Physics Prediction.”
John Butler is set to lead a Cohen & Company, LLC backed insurance, reinsurance and insurtech acquisition vehicle which is hoping to raise up to $150 million for its launch as a so-called blank check company.
PCS has announced that it’s to deliver county-level resolutions for catastrophe events in the U.S. with insured losses of at least $1 billion, providing an enhanced level of granularity that contributes to lower basis risk in industry loss index trading.
Transatlantic Holdings, parent company to Transatlantic Reinsurance (or TransRe), is returning to the catastrophe bond market this year with its second ever issuance, a $200 million multi-peril Bowline Re Ltd. (Series 2019-1) transaction.
Jean-Paul Conoscente has been named as the new CEO of SCOR Global P&C, the property and casualty underwriting division of the global reinsurance firm.
COIN Reinsurance believes that the inevitable escalating rate hikes that hit insurance buyers due to loss adjustment and assignment of benefit (AOB) expenses can be countered by lower cost reinsurance for carriers.
Global reinsurance firm SCOR has once again benefitted from its retrocession over the last year, one factor helping the firm to report higher results year-on-year.
The catastrophe bond market’s merit was underscored by the way it continued to operate effectively despite recent volatility stimulated by catastrophe losses, but after the losses it is expected that investors will want to see cat bond rates harden, according to Swiss Re.
Catastrophe risk modelling specialist RMS is hoping to enhance the insurance and reinsurance industries view of U.S. wildfire risks with a new high-definition risk model that was launched last week.
Markel CATCo Investment Management Ltd., the retrocessional reinsurance investment manager, has successfully secured higher rates at the January renewal, with its listed retro investment fund no loss maximum net return now forecast at 30%, up from 23% in 2018.
Demotech affirmed its financial ratings for 51 Florida based primary insurance companies, highlighting their “realistic” loss reserves and saying their reinsurance is of “sufficient quantity and quality” to ensure they receive payouts after suffering losses.
A group of United Nations backed initiatives are looking to expand the use of parametric or index insurance and reinsurance in the Pacific region, with a study expected to identify new use-cases and possibilities to drive uptake.