Archive for July, 2021

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, raised additional funds from investors for its managed insurance-linked securities (ILS) fund strategies during the second-quarter.

For the second year running the California Wildfire Fund has shied away from buying reinsurance or any form of risk transfer, saying that current market pricing means it isn’t economically worthwhile to extend the Fund’s durability.

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has achieved a milestone in signing up all of the major reinsurance broking firms to use its platform.

Positive momentum in the catastrophe bond market could drive issuance higher and lead to a record year in 2021, according to insurance and reinsurance broker Aon.

China’s province of Henan has been hit by what is being termed a 1-in-1000 year flood event, after a year’s worth of rainfall fell in just three days. But the insurance and reinsurance market claims impact may be most severe on the auto side, rather than property claims, while supply-chain disruption could also be a […]

Yesterday we reported that data from satellite specialist ICEYE showed that upwards of 43,400 buildings were estimated to have been impacted by the recent severe flooding across Europe.

While the Hong Kong regulator’s insurance-linked securities (ILS) grant scheme is expected to attract sponsors to the region, the new regime must show its competitiveness against existing and established ILS domiciles, say industry experts.

Heritage Insurance Holdings, Inc., the Florida headquartered, nationally expansive U.S. property casualty insurer, has pre-announced $35.5 million of weather losses from the second-quarter of the year, while also saying it has had to reinstate its severe convective storm reinsurance cover.

Global insurance and reinsurance market losses from natural disasters and catastrophes are estimated to have reached $42 billion for the first-half of 2021 by broker Aon, which is 2% higher than the 10-year average.

The German insurance association, the GDV has said today that it estimates insurance market losses just for flood damage in the North Rhine-West­pha­lia and Rhi­ne­land-Pala­ti­nate regions will be between EUR 4 billion and EUR 5 billion.