The London insurance and reinsurance market is experiencing its best conditions in decades, according to analysts from investment bank Jefferies, which means it is no surprise that insurance-linked securities (ILS) fund managers are increasingly looking to access business there.
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Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, has doubled-down on its investment in auto insurtech marketplace provider DealerPolicy, participating in its $110 million Series C investment round.
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Update: See the latest forecast and information here. Forecast models continue to point to the possibility of a hurricane forming and impacting the United States, with landfall of what is likely to be storm or hurricane Ida possible along the Gulf Coast, somewhere from Texas to Louisiana, very early next week.
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Broking giant Aon has followed on from a recent reshuffle of its global Reinsurance Solutions division leadership, with changes to its regional leaders as well, as it continues to focus on delivering greater client choice and innovation.
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Onshore property losses covered by insurance after recent hurricane Grace are expected to reach around US $330 million, according to catastrophe risk modeller Karen Clark & Company (KCC).
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It’s always been clear that the coastline is a popular place to live and the high-value homes that are increasingly built in some coastal regions ramp up insured exposure values in the face of storms and hurricanes. But it’s not just on the coasts, as other parts of the United States which are particularly exposed […]
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We’re told that insurance-linked securities (ILS) fund managers are anticipating some aggregate deductible erosion of certain ILS or catastrophe bond positions, due to the effects of one of the largest natural catastrophe losses in years striking Europe, the severe flooding in July, plus the accelerating wildfire season across the United States.
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Despite a potential slowing of catastrophe bond issuance from the reinsurer side, there’s still a very good chance that 2021 issuance will break the record set last year, according to Cory Anger, Managing Director of GC Securities, the specialist ILS and capital markets unit of Guy Carpenter.
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Catastrophe risk modelling firm Karen Clark & Company (KCC) is the first to provide a modelled estimate of insurance and reinsurance market losses from hurricane Henri and it’s much lower than many will have been expecting.
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After having played a role in the issuance of the world’s first catastrophe bond for volcano related disasters, the Howden insurance and reinsurance broking group wants to expand the use of catastrophe bonds to cover humanitarian funding and other types of disaster relief.
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The way mainstream media report on natural disasters and severe weather events is likely to present an opportunity for catastrophe bond fund managers to generate alpha over the coming years, according to John Seo of Fermat Capital Management, LLC.
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Forecast models suggest a chance of a new tropical storm developing later this week or into the weekend, with some longer-range model runs suggesting a possible hurricane threat for the US Gulf Coast early next week.
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California electrical utility Southern California Edison has been approved to buy up to $1 billion of liability insurance protection for third-party wildfire-related claims, with catastrophe bonds approved as a structure it can use to secure some of the necessary limit.
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Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has launched a new feature of its Panorama risk marketplace, offering clients SurveyorTM, which allows for multiple structures and perils to be priced and placed efficiently at the same time.
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