hurricane

Under certain scenarios, a category 5 hurricane ploughing into Miami or Tampa Bay has the potential to drive more than US $300 billion of losses across the global insurance and reinsurance market, Swiss Re’s Institute said today, while also explaining the importance of reinsurance and ILS capital in protecting the state.

Tropical storm Lala in the central Pacific could make the first United States hurricane landfall of 2026 this weekend, as the storm is forecast to intensify and has the Big Island of Hawaii in its sights.

According to a recent commentary from Man Group, the global alternative and active investment manager, the rising frequency of rapid intensification is posing new challenges for catastrophe bond investors.

Were the 1926 Great Miami hurricane to occur again today, analysis from catastrophe risk modelling specialists Karen Clark & Company (KCC) suggests that more than $5 trillion in insured property value would be affected by hurricane force winds, driving well over $200 billion in insurance and reinsurance market losses.

The catastrophe bonds that have seen the biggest price moves in recent weeks appear to be those that have seen their expected losses rise the most when remodelled using the RMS V23 update, according to Plenum Investments.

It is notable how the recent update of one of the main hurricane risk models triggered a wave of selling in the catastrophe bond market, investment manager Tenax Capital has commented.

Over the course of the last month, what had been an environment of catastrophe bond spreads tightening has shifted to one where spread widening has been seen through most of April and into the first week of May, which alongside more balanced supply and demand, some attribute at least in part to the latest hurricane […]

Building codes in Florida are seen as a significant factor in reducing the potential insurance industry loss from hurricanes, with improvements in recent years seeing modelled loss estimates drop, reinsurance broker Lockton Re said this morning.

We’ve learned that some Florida homeowners and property insurance carriers are using hurricane deductibles as a way to offset some of the costs related to the reinsurance challenges they face at this year’s renewals, with some already imposing specific deductible percentages.

Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, has announced a new research project focused on hurricane prediction, looking at the medium-term time horizon.