Archive for May, 2019

Rate increases at the all-important June 1st reinsurance renewals are expected to average in the mid-teens, with retrocession set to see even higher increases as capacity remains constrained in that marketplace, according to Keefe, Bruyette & Woods (KBW) analysts.

The final updates to forecasts for the 2019 Atlantic Hurricane Season are coming in thick and fast now, with updates from Tropical Storm Risk (TSR) and the UK Met Office now raising the average forecast for the season slightly.

Poised to reach new heights in the coming months on the back of bumper year’s of catastrophe bond issuance, the insurance-linked securities (ILS) market is at “an exciting inflection point,” says Co-founder and Managing Director of Fermat Capital Management, John Seo.

Universal Insurance Holdings, the Florida headquartered and expansive primary insurance provider, has completed what it said was a time consuming reinsurance renewal, with ILS capital featuring heavily as usual.

The insurance-linked securities (ILS) market should harmonize its valuation strategies, as this could encourage greater confidence among end-investors and spur substantial growth in ILS capacity, according to Bill Dubinsky of Willis Towers Watson (WTW).

For the second week in a row, a convective weather setup across much of the United States has driven severe thunderstorms, tornadoes, large hail, damaging winds and resulted in flooding, all of which is expected to drive more than a $1 billion of losses, the majority of which will fall to insurance and reinsurance capital, […]

Aspen Re, the reinsurance underwriting arm of specialty firm Aspen Insurance Holdings Limited, has a new Chief Underwriting Officer (CUO) in Christian Dunleavy, as the current CUO Emil Issavi is departing for Ryan Specialty Group (RSG).

The state of Florida remains the most exposed to hurricane driven storm surges, with a huge 2.9 million homes in the state considered exposed which together have a combined reconstruction cost value of a stunning $603 billion.

The multi-asset class approach adopted by independently owned insurance and reinsurance linked specialist investment fund manager, Twelve Capital, allows flexible capital allocation while taking advantage of significant synergies.

Climate change is a factor in the intensity of hurricanes that threaten to strike the east coast of the United States, according to researchers who say that CO2 and greenhouse gases are helping to diminish the wind shear that can act as a barrier to storms.