Reinsurers facing massive crop losses in Iowa


The recent flooding in Iowa state has led to damage estimates which are nearing $3b. Reinsurers are going to bear the brunt of this with Ace, XL, PartnerRe and Renaissance Re all being exposed.

Actual damages may come in under that level if it dries up significantly but at the moment it’s looking fairly accurate.

Perhaps it’s time to be looking at alternative means to cover flooding damage such as this. Could indices of crop losses be used as a trigger for a bond to hedge these risks?

coronavirus-cat-bond-chinaRead all of our Covid-19 coronavirus pandemic related news, analysis and information of relevance to the insurance-linked securities (ILS), catastrophe bond and reinsurance capital markets.

Read Covid-19 coronavirus related news & analysis here.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Oppenheimer moving into cat bond investment

Oppenheimer Funds are planning a move into the catastrophe bond investment marketplace with the coming launch of the Oppenheimer Master...