PERILS AG, the Zurich-based independent provider of industry-wide European catastrophe insurance data and loss indices, has issued an update on how their loss data and indices have been used by the reinsurance and catastrophe bond sector. When we last reported on PERILS they had just cleared $4 billion of limits placed using their data and […]
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Once again hurricanes have been dominating the thoughts of much of the reinsurance market, particularly as Bermuda was threatened by Leslie. Thankfully hurricane Leslie tracked further east and moved past Bermuda with minimal impact. The markets thoughts now turn to Monte Carlo for this week’s Rendez-vous meetings. To help you prepare for this industry meetup, […]
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Yesterday we wrote about Aon Benfield Securities latest annual insurance-linked securities and catastrophe bond market report, which shows that in the twelve months to 30th June 2012 the ILS market has experienced a stellar year of performance. As usual we will highlight some interesting points from the report over the coming days, the first of […]
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A new report from Swiss Re finds that flood insurance losses are growing rapidly while the insurability of flood as a peril continues to prove difficult for the insurance and reinsurance sectors. No other natural catastrophe impacts as many people on an annual basis, with floods impacting an estimated 500 million people per year. Back […]
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More anecdotal evidence suggests that Louisiana Citizens Pelican Re Ltd. (Series 2012-1) catastrophe bond will not be triggered by claims resulting from hurricane Isaac. Just the other day Richard Robertson, the chief executive of Louisiana Citizens, made comments which suggested he felt the cat bond would not be in danger. Now the Louisiana Insurance Commissioner, […]
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In this the latest in our series of interviews with figures from the risk transfer and insurance-linked securities markets we spoke with Gary Kerney, Assistant Vice President at Property Claim Services which is part of Verisk Insurance Solutions. Property Claim Services (or PCS as they are known) is the leading source of data on insured […]
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The insurance-linked securities and catastrophe bond market has experienced a stellar year of performance, according to the latest annual ILS market report from Aon Benfield Securities. The regular annual report on ILS and cat bond market progress is titled ‘Evolving Strength 2012’ and looks at key trends in the marketplace in the year to 30th […]
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In our latest article looking at reports on the reinsurance sector from rating agencies, we look at A.M. Best’s special report ‘Reinsurers Show Resilience Under Weight of Catastrophes, Economic Woes’. In it A.M. Best says that the financial position of global reinsurers today shows the sectors financial resilience through 2011 which was one of the […]
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The latest catastrophe bond to hit the market, Eurus III Ltd., is following the trend of almost every other cat bond of 2012 and has increased in size during the marketing phase, according to our industry sources. Eurus III, which began its life as a single tranche €75m European windstorm cat bond seeking to provide […]
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It’s ratings agency report season as all three of the main agencies have published reports on the reinsurance sector in advance of the Monte Carlo Rendezvous next week. So please excuse the increased frequency of articles, but we feel it’s worth highlighting any relevant points. The latest report comes from Moody’s who say they are […]
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Ratings agency Standard & Poor’s has published a report looking at where investors have been showing the most interest in deploying capital in the reinsurance sector after the catastrophes of 2011. S&P says that despite the record natural catastrophe losses that the re/insurance industry suffered in 2011, financial investors were largely uninterested in supporting a […]
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Reinsurance intermediary Aon Benfield have published the latest edition of their twice yearly Aon Benfield Aggregate report today in which they look at the financial position of the world’s top reinsurers. In it they say that at the 30th June 2012 global reinsurer capital was up 5% on six months previous to $480 billion. New […]
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Fitch Ratings says that the reinsurance sector’s capitalisation and claims paying ability has improved over the last year, in their latest outlook on the global reinsurance industry. Overall, Fitch gives the reinsurance sector a stable ratings outlook over the next 12 to 24 months, and expects reinsurer ratings to be supported by the sectors capital, […]
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Tropical storm Leslie, the 12th named storm of the Atlantic season, has been brewing in the mid-Atlantic for the last few days, building in strength, but the storms eventual path and intensity has been uncertain. The forecast models remain diverged on the eventual track Leslie will take, but they are beginning to come together and […]
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