Reinsurance News

Hurricane Ida made landfall as a strong Category 4 storm with sustained winds of 150 mph yesterday in Louisiana, close to Port Fourchon. Market sources suggest an insurance and reinsurance industry loss into the double-digit billions of dollars is likely, with $15 billion to $20 billion (perhaps a little higher) seen as a reasonable area […]

As hurricane Ida moves closer to making landfall in Louisiana today, as a strong Category 4 storm with sustained winds of around 150 mph, Plenum Investments has said that minor impacts to its range of catastrophe bond funds are expected if Ida continues on the forecast track.

The location of hurricane Ida’s anticipated strong-to-major hurricane landfall in Louisiana on the US Gulf Coast will be key to insurance-linked securities (ILS) market impacts from the storm. The overall industry loss is anticipated to be in the billions of dollars, but with a wide-spread depending on landfall location and strength. Hurricane Ida has now […]

Insurance and reinsurance market losses from July’s severe flooding in Germany are now expected to reach as high as €7 billion (around US $8.3bn), according to the chief of the country’s insurance association.

Humboldt Re Ltd., one of the two Guernsey based, Credit Suisse Insurance-Linked Strategies supported rated reinsurance carriers has reportedly been the subject of the signing of a sale purchase agreement, suggesting a new owner has been found.

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.

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.

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 […]

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.

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.