The catastrophe bond market is forecast to spring back to life later this year, with a “very strong” pick up in issuance expected, according to Aon’s Paul Schultz.
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CCRIF (formerly named the Caribbean Catastrophe Risk Insurance Facility) is set to payout almost $11 million to the Bahamas after hurricane Dorian triggered its parametric tropical cyclone insurance policy.
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Broking giant Aon has announced the launch of auction technology which it is making available for clients to use at the upcoming January 2020 reinsurance renewals.
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Horseshoe, the Bermuda-headquartered ILS and reinsurance management and fund administration, servicing, and risk transformation specialist, has rebranded to reflect its partnership approach to its clients, CEO Andre Perez said.
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Nephila Capital, the largest investment manager of insurance and reinsurance linked securities (ILS) and weather risk assets, is nearing launch of its own independent Lloyd’s managing agency.
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The Japanese capital city of Tokyo is watching approaching Typhoon Faxai closely, as the compact but powerful typhoon is forecast to come very close to the metropolis and Tokyo could experience significant winds as a result.
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Global reinsurance broker Guy Carpenter, part of Marsh & McLennan, has promoted David Priebe to become its Chairman, effective immediately.
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The industries risk models “need to be recalibrated” in the wake of two years of catastrophe losses that have delivered significant loss creep, as well as to account for the changing climate, according to Robert Bentley, CEO, Global Strategic Advisory, Guy Carpenter.
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With the great and good of the reinsurance and insurance-linked securities (ILS) industry descending on Monte Carlo for the 63rd edition of the Reinsurance Rendez-Vous de Septembre event, we thought those travelling here may like some reading material and thoughts on topics for discussion at the event.
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Markel Corporation has revealed its awaited new retrocessional reinsurance ILS fund management unit, which is based in Bermuda and called Lodgepine Capital Management Limited.
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While insurance resilience against catastrophes, mortality and healthcare related risks has been rising, a record sized protection gap remains, according to insight from global reinsurance firm Swiss Re.
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Specialist insurance-linked securities (ILS) investment manager Plenum said that given hurricane Dorian’s path remained largely offshore of the United States, it does not expect the eventual insurance and reinsurance market loss will trigger any of its catastrophe bond positions.
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AXA XL has announced a number of senior reinsurance leadership appointments and changes, as it seeks to simplify its structure around key markets and its strategy.
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Hurricane Dorian is estimated to have caused an insurance industry loss in a range from $1.5 billion to as much as $3 billion from its impacts to the Caribbean islands, according to AIR Worldwide.
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