Catastrophe bond news
Catastrophe bond news – news and analysis covering the market for cat bonds and other catastrophe insurance-linked securities (ILS), including all the catastrophe bond issuance news, cat bond articles, catastrophe bond market trends, catastrophe bond analysis and cat bond market data.
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Arthur J. Gallagher (Gallagher) will continue to pursue its strategy of adding incremental acquisition opportunities as a way to grow its business, despite the Aon - Willis Towers Watson (WTW) deal collapse which has removed a potentially transformational deal opportunity from Gallagher's reach. Gallagher was lined to acquire a range of read the full article →
Insurance and reinsurance broker Aon reported particularly strong growth for Q2, with 9% organic revenue growth in reinsurance overall, but double-digit growth in capital market transactions such as catastrophe bonds and insurance-linked securities (ILS). Aon has reported that its overall revenues grew 16% to $2.9 billion, backed by organic revenue growth read the full article →
The recent severe flooding in China’s Henan province is expected to result in the largest catastrophe insured losses in history for the country, clearly demonstrating the need for more reinsurance protection, as well as faster roll-out of primary covers. AM Best said yesterday that it anticipates insurance and reinsurance industry losses read the full article →
The Lloyd's insurance and reinsurance market has put out a call for a coordinated effort to enhance the disaster resilience of developing and developed economies, by bringing together the re/insurance sector with investors and governments to create new financial solutions. Lloyd's launched a new report today called Insuring a sustainable, greener read the full article →
Global insurance and reinsurance company Everest Re has reported a strong second-quarter of results, with its reinsurance book expanding almost 40% on a gross premium basis, but with catastrophe losses a little ahead of the prior year. The set of results reported by Everest Re bode well for the firms Mt. read the full article →
Broker Aon has reset its Executive Committee following the collapse of its acquisition of rival insurance and reinsurance broker Willis Towers Watson (WTW). Aon said its new Executive Committee structure is a further acceleration of its Aon United strategy, following its recent decision to end the Willis Towers Watson (WTW) combination read the full article →
The Red Cross, working alongside insurance-linked securities (ILS) risk securitisation facilitator and risk transfer consultancy Replexus Group, is developing a solution to promote nature-based solutions to disaster risk, financed partly through the use of catastrophe bonds, as well as other humanitarian and development scenarios. Recently, the Danish Red Cross successfully delivered read the full article →
It's always interesting to hear what Chubb's CEO Evan Greenberg is saying about the state of the market and after the second-quarter he is particularly bullish, describing his company as "firing on all cylinders" while saying he expects rate firming in commercial P&C lines to continue. Interestingly, one of the strongest read the full article →
The U.S. Federal Emergency Management Agency (FEMA) is planning to sponsor another FloodSmart Re catastrophe bond to provide flood reinsurance to the National Flood Insurance Program (NFIP) and is seeking proposals from potential reinsurance transformer partners. FEMA has secured $1.775 billion of collateralized reinsurance from the capital markets across four catastrophe read the full article →
The fact foreign donors paid for the premiums associated with Jamaica's first catastrophe bond does not mean it was a "handout" the country's Minister of Finance has explained. Jamaica’s first catastrophe bond, the recently placed IBRD CAR 130 transaction, was priced and saw the Caribbean island nation securing the upsized target read the full article →