Archive for September, 2019

Hyperion X, a data and technology focused unit of the global Hyperion Insurance Group, has announced the hiring of David Flandro as its new Managing Director, Analytics.

Property Claim Services (PCS) has launched Mexico as the latest addition to its range of industry loss data aggregation and index reporting services, teaming up with Asociación Mexicana de Instituciones de Seguros (AMIS) for PCS Mexico.

Hurricane Dorian is set to bring much of the United States southeastern coastline the potential for “life-threatening storm surge and dangerous winds” as it travels north, with the Carolinas now facing the potential for a landfall from the eye.

James Few, the Global Managing Director of re/insurer MS Amlin’s reinsurance division has stepped down to take on join broker TigerRisk Partners as the CEO of their London office.

Among all the reasons for inflows of alternative reinsurance capital into insurance-linked securities (ILS) slowing down over recent months, Fitch Ratings believes that climate change is a factor.

While the reinsurance sector faces a continued commoditisation of its business, alternative reinsurance capital from the insurance-linked securities (ILS) market and investor base is still “nibbling at their margins,” S&P said today.

The United Kingdom’s Prudential Regulatory Authority (PRA), part of the Bank of England, said it should be possible for market participants to structure insurance-linked securities (ILS) that include roll-over provisions under the UK ILS regime.

The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) has launched a new set of web-based tools that will provide its members with greater visibility of the real-time data used as inputs to their parametric catastrophe insurance policy triggers.

U.S. primary mutual insurer USAA appears to have made another reinsurance recovery under one of its Residential Re catastrophe bond programs, while other ResRe tranches have had their maturity extended further again.

Hurricane Dorian has remained almost stationary over the Bahamas for the last 24 hours, causing significant damage to property and loss of life. Now slightly weakened at strong Category 2, with 110 mph sustained winds, the forecast continues to show a slow passage up the U.S. east coast, just offshore but still very close to […]