hurricane Dorian


Investors circle CATCo shares on increases & potential subrogation benefit

Investors are circling shares in retrocessional reinsurance investment manager Markel CATCo's listed insurance-linked securities (ILS) fund, partly due to share price increases experienced in recent weeks, but also over the potential for subrogation to benefit any holdings they have. Evidencing this, one value investor, Almitas Capital LLC based in California, has read the full article →

Markel CATCo listed retro fund adds new director

Markel CATCo Investment Management has added a new director to its stock exchange listed and in run-off retrocessional reinsurance focused investment strategy, the CATCo Reinsurance Opportunities Fund Ltd. The Board of the retro reinsurance fund announced that they have appointed Arthur Jones as a non-executive Director effective yesterday. Jones will also read the full article →

CATCo sees 25% Hagibis, Faxai & Dorian hit to 2019 capital deployed

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management expects that the combined impacts of recent catastrophe events typhoon Hagibis, typhoon Faxai and hurricane Dorian will result in a roughly 25% impact to capital deployed in the 2019 portfolio of its listed fund. Markel CATCo has today revealed its potential exposure read the full article →

Faxai loss to near $10bn, Hagibis $15bn, climate change a factor: RenRe CEO

The CEO of reinsurance firm RenaissanceRe said that his company believes typhoon Faxai could drive as much as a $10 billion industry loss, while the more recent typhoon Hagibis could a roughly 50% larger bigger at approximately $15 billion. The figures are certainly at the higher-end of current industry estimations (or read the full article →

RenRe & Markel expect typhoon Hagibis losses to eclipse Faxai

Company specific loss estimates from leading insurance and reinsurance firms for recent typhoon Hagibis appear to confirm that the industry impact of that storm are going to eclipse that of the other recent Japan typhoon Faxai. Typhoon Faxai was first to strike Japan in early September, leading to a forecast for read the full article →

SCOR taps retro for Dorian & Faxai losses, likely to for Hagibis as well

SCOR, the global reinsurance player headquartered in France, has been benefiting from its retrocesssion program for recent catastrophes, making recoveries for both hurricane Dorian and typhoon Faxai, according to the CEO of SCOR Global P&C. As we explained yesterday, SCOR remains on target for the full-year despite suffering higher than budgeted read the full article →

Cat bond funds see record monthly returns on Dorian recovery

Catastrophe bond funds are reporting bumper September returns, in some cases beating their records, as they benefit from the full recovery of hurricane Dorian exposed cat bond valuations. When hurricane Dorian was intensifying rapidly on approach to the Bahamas right at the end of August the main risk models were suggesting read the full article →

Markel CATCo sets loss reserves for Dorian & Faxai, monitors Hagibis

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management has now established specific loss reserves for recent catastrophes hurricane Dorian and typhoon Faxai. The manager also says it is monitoring more recent typhoon Hagibis, in case its impacts on Japan also warrant the setting up of any side pocket investments. Markel CATCo read the full article →

RenRe sees $155m net Q3 cat losses, still expects modest income

RenaissanceRe (RenRe), the Bermudian insurance and reinsurance underwriter and joint-venture capital manager, estimates that its net losses from third-quarter 2019 catastrophes will reach $155 million, after taking into account risk shared with third-party investors and loss of any associated fee income. RenRe explained that it estimates the third quarter 2019 impact read the full article →

Everest Re puts Q3 cat losses at $280m, uses high industry loss picks

Global insurance and reinsurance firm Everest Re has pre-announced an estimate of its third-quarter 2019 catastrophe losses, saying it expects $280 million net impact, which analysts note is aligned on market-share estimates, but based on the highest estimates of industry loss. Everest Re has made its estimates based on industry insured read the full article →