Hurricane Dorian remains a dangerous storm offshore of the southeastern United States, but it has weakened very slightly back to Category 2 status although still poses a dangerous threat to the Carolinas where a landfall remains possible.
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The use of informal data sources as inputs to industry loss warranty (ILW) triggers can cause issues related to collateral such as its trapping and produce additional basis risk, according to Property Claim Services (PCS).
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Tremor Technologies, Inc., the programmatic insurance and reinsurance risk transfer marketplace provider, has announced a fundraise of new investment capital totalling $10 million, featuring backing from well-known traditional and ILS industry names.
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Blue Marble Microinsurance (Blue Marble) said it has renewed and expanded the weather index insurance scheme for smallholder coffee farmers in Colombia that it launched in 2018 in cooperation with Nespresso.
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Alternative reinsurance capital, largely contributed by insurance-linked securities (ILS) funds, stayed roughly flat through the first-half of 2019, but traditional reinsurers benefited from their investment returns to post 10% capital growth.
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Duncan Ellis, a well-known U.S. property insurance market figure, is leaving broker Marsh to take on a leadership position in North American retail property risks at insurance giant AIG.
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France headquartered global reinsurance firm SCOR is aiming to become the “reinsurance company of tomorrow” with its latest strategic plan, part of which also includes capitalising on its position in the insurance-linked securities (ILS) market.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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