ILS funds may play bigger role in aggregate covers: KBW

Insurance-linked securities (ILS) funds may play a bigger role in providing aggregate reinsurance and retrocession protection in future, as an increasing number of traditional reinsurers are shying away from this, analysts at KBW believe. Heavy catastrophe and severe weather losses, perceived rising frequency and severity of certain peril events, fears of read the full article →

Hurricane Zeta onshore loss up to $5bn, offshore up to $500m: RMS

Catastrophe risk modeller RMS has now weighed in with its estimate of insurance and reinsurance industry losses likely to come from recent hurricane Zeta's impacts to the United States and it's a little higher than other modeller estimates. RMS said that it expects hurricane Zeta's onshore insured losses will be between read the full article →

AIR sees Zeta onshore U.S. loss below $3.5bn, CoreLogic below $4bn

Catastrophe risk modeller AIR Worldwide estimates that hurricane Zeta's onshore wind and storm surge insured losses in the United States will be less than $3.5 billion, with the bottom-end of its range far lower at $1.5 billion. Meanwhile, CoreLogic has also released an estimate, saying that it expects hurricane Zeta's insurance read the full article →

Hurricane Zeta wind & surge insured losses estimated at $4.4bn by KCC

Hurricane Zeta's wind and storm surge impacts on Mexico and the United States are expected to cost the insurance and reinsurance market close to $4.4 billion, according to an early estimate from Karen Clark & Company. The catastrophe risk modeller is first out of the blocks with a post-landfall estimate of read the full article →

Hurricane Zeta impacts reach far inland, loss to “well surpass $1bn” – Aon

Impacts and in particular wind damage from hurricane Zeta have spread far inland across the United States, bringing back memories of Isaias earlier this year. Impact Forecasting, the catastrophe risk analytics and meteorology unit of insurance and reinsurance broker Aon, said that insured losses from the storm that made landfall late read the full article →

Hurricane Zeta may move aggregate cat bond prices: Plenum

The impacts and eventual insurance market losses from hurricane Zeta's landfall on the Louisiana Gulf Coast is not expected to result in any direct losses to catastrophe bonds, but may move the price on certain aggregate cat bonds, according to Plenum Investments. Zurich-headquartered catastrophe bond and insurance-linked securities (ILS) focused investment read the full article →

Aggregate ILS returns questioned after recent losses

The returns on aggregate insurance-linked securities (ILS), including catastrophe bonds, are being questioned by some investors, following the significant number of catastrophe loss events that have qualified under some contract terms in the last two years. Sources said that investors are set to demand a premium for renewing some aggregate ILS read the full article →

Growing wildfire threat forces ILS investors to rethink the peril: RMS

Capital markets investors that participate in the ever-growing catastrophe bond and ILS space are having to rethink the wildfire peril, as its contribution to risk within multi-peril aggregate deals is on the rise, according to catastrophe risk modeller RMS. Conor Meenan, senior consultant in the Capital and Adjacent Markets team in read the full article →

Outstanding cat bond market favours aggregate cover for first time

Catastrophe bond issuance during 2016 was dominated by aggregate coverage, a trend that has continued into 2017, and for the first time in the market’s history more of the outstanding market features aggregate coverage than per-occurrence, according to the Artemis Deal Directory. As of January 11th 2017, data from the Artemis read the full article →

S&P expects Sandy to qualify as covered loss on aggregate catastrophe bonds

Rating agency Standard & Poor's has published its first update on the impact of hurricane Sandy to the insurance, reinsurance and catastrophe bond sector. Generally, S&P said that partly due to the strong earnings the sector has had so far in 2012, they expect Sandy will only have a limited read the full article →