hurricane Dorian

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Dorian’s U.S. insured loss under $600m, typhoon Faxai $5bn+: Aon

According to insurance and reinsurance broker Aon, hurricane Dorian's impacts in the United States are only expected to result in insured losses of up to $600 million, while in Japan the broker says typhoon Faxai will cost re/insurers over $5 billion.September proved a costly month for the insurance and reinsurance read the full article →

Big four reinsurers may exceed Q3 catastrophe budgets on Faxai

Typhoon Faxai's impacts on the global insurance and reinsurance industry is expected to push the big four reinsurers beyond their quarterly natural catastrophe budgets for the third-quarter, with Swiss Re anticipated to take the largest hit given its market share in Japan.Analysts at Deutsche Bank said that they expect all read the full article →

Bahamas parametric CCRIF payouts for hurricane Dorian hit $12.8m

The Government of The Bahamas has now received US $12.8 million in payouts from its parametric insurance policies with the CCRIF (formerly named the Caribbean Catastrophe Risk Insurance Facility).As we'd already reported, the CCRIF made an initial payout of almost $11 million to the Bahamas after Category 5 hurricane Dorian read the full article →

Dorian & Faxai may partially erode some ILS deductibles: Twelve Capital

Reflecting on the potential impacts from recent catastrophe events to insurance-linked securities (ILS) and collateralised reinsurance investments, specialist ILS fund manager Twelve Capital warns that together hurricane Dorian and typhoon Faxai might erode some underlying protective layers.Hurricane Dorian and typhoon Faxai have the potential to be the largest two catastrophe read the full article →

ILS funds expect any hurricane Dorian losses to be largely attritional

In the main, funds investing in insurance-linked securities (ILS) and collateralised reinsurance are expecting any losses from hurricane Dorian that flow to the sector will be largely attritional in nature.Speaking with a number of ILS fund managers in Monaco in the last week, as well as communications had more widely read the full article →

Hurricane Dorian mark-to-market dented August for some cat bond funds

Mark-to-market losses to some hurricane Dorian exposed catastrophe bonds is set to dent August for a number of pure cat bond fund strategies, as end of month marks did not factor in the changes in forecast path.Given the timing of hurricane Dorian some catastrophe bond funds are going to report read the full article →

Bahamas gets $11m from CCRIF after Dorian triggers parametric insurance

CCRIF (formerly named the Caribbean Catastrophe Risk Insurance Facility) is set to payout almost $11 million to the Bahamas after hurricane Dorian triggered its parametric tropical cyclone insurance policy.In a clear demonstration of the efficacy of parametric insurance and reinsurance protection, the CCRIF has already paid 50% of the $11 read the full article →

No cat bond impact from hurricane Dorian: Plenum Investments

Specialist insurance-linked securities (ILS) investment manager Plenum said that given hurricane Dorian's path remained largely offshore of the United States, it does not expect the eventual insurance and reinsurance market loss will trigger any of its catastrophe bond positions.Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager Plenum read the full article →

Tropical storm Dorian, fourth of season, forms in Atlantic

The fourth named tropical storm of the 2013 Atlantic hurricane season has formed today in the eastern Atlantic ocean, not far to the south and west of Cape Verde. It's the first named storm of 2013 to have originated off the east coast of Africa, a traditional hurricane breeding ground.Tropical read the full article →