hurricane Sandy

The estimates of economic losses from hurricane and super-storm Sandy keep rising northwards and are now fast approaching the $70 billion mark. The estimates given for New York and New Jersey states alone are almost there, with the estimate for New York still at $33 billion of economic losses and the estimate for New Jersey […]

U.S. insurer Allstate, who have one of the largest market shares across the northeast and mid-Atlantic states which were impacted by super-storm Sandy, has published an estimate for losses suffered by the Allstate group from the hurricane today. Allstate have estimated that Sandy has caused them a gross loss of $1.275 billion, with 66% in […]

Another event report on hurricane Sandy and the superstorms potential impact on reinsurance and the catastrophe bond market has been published by investment manager Credit Suisse. Again, the update has been published via the London Stock Exchange by Dexion Capital for their DCG Iris ILS fund which acts as a feeder fund for and invests substantially […]

Risk modeller AIR Worldwide has published an update to their estimate of insured losses resulting from hurricane Sandy today and the numbers have jumped considerably. AIR’s first estimate was published on the 30th October and in that update they gave a range of $7 billion to $15 billion of losses but said they expected it […]

As expected the post-Sandy recovery in the outstanding catastrophe bond markets price and total returns has now helped the Swiss Re cat bond indices to a healthy weekly increase of well over 1%. Prices of many U.S. hurricane cat bonds have increased in the last week, with just the few that are more exposed to […]

Reinsurer Swiss Re, one of the largest in the world, has issued their first estimate of insured losses the firm will face from hurricane Sandy. Given its size, Swiss Re participate in many of the world’s largest reinsurance programmes and will have significant exposure across the U.S. northeast states where Sandy caused so much damage. […]

We hope our U.S. readers enjoyed their Thanksgiving break. Here is our regular Monday morning update to ease you back into work and give you a chance to catch up on all the news from the markets we cover. As always, you can read every market news story and article on the Artemis news blog, […]

One of the most awaited numbers in the insurance, reinsurance, catastrophe bond and associated investment markets has been the insurance industry loss estimate from Property Claims Services (PCS) for hurricane Sandy.  Typically the first estimate from PCS is released around 30 days after the event and they’ve actually been quicker in the case of Sandy and […]

So the post-Sandy recovery of secondary market prices of outstanding catastrophe bonds has begun on cat bonds which aren’t exposed, but the last week saw further declines in both price and total returns. This is likely a reaction to increasing pessimism regarding the industry losses from the storm and also a downgrade of one exposed […]

The insurance industry loss estimate from hurricane and post-tropical storm Sandy rose again last week. Still, the impact on reinsurers, reinsurance-linked funds and any catastrophe bonds is unclear. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter update and for your convenience […]