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Hurricane Hermine insured losses expected below $400m: RMS

According to risk modelling firm RMS the insurance and reinsurance industry is not expected to face any more than $400m in industry losses as a result of hurricane Hermine's recent landfall in Florida and the subsequent wind and coastal flooding caused by the storm.Hurricane Hermine struck Florida at the start read the full article →

Hermine no trouble to re/insurance & cat bonds: Fitch

Recent hurricane Hermine is not expected to pose any problems for the insurance, reinsurance and insurance-linked securities market, with insured losses expected to be relatively low and no chance of catastrophe bonds being exposed, according to Fitch Ratings.Fitch expects only a "modest impact" for the property & casualty insurance sector read the full article →

Hermine re/insurance loss estimated up to $500m by Karen Clark & Co

Up to Friday evening hurricane Hermine is estimated to have caused an insurance and reinsurance industry loss approaching $500m, with economic loss approaching $1 billion, according to catastrophe risk management and modelling firm Karen Clark & Company (KCC).It's very early days for an estimate of insurance industry losses from hurricane read the full article →

Hermine impacts not over, will extend to U.S. north-east: Meteorologists

Hurricane Hermine made landfall at around 01:30ET Florida Big Bend coast just east of St. Marks, Florida, near the Wakulla-Jefferson County line with sustained winds of 80mph and central pressure of 982mb. While that area took the brunt of the winds and storm surge, meteorologists forecast widespread impacts from Hermine read the full article →

Hurricane Hermine insured losses expected to be manageable

Potential losses from hurricane Hermine, which became a Category 1 hurricane and is heading for landfall tonight in northwest Florida, are expected to be manageable for insurance and reinsurance capital, according to analysis from analysts Keefe, Bruyette & Woods (KBW) and risk modelling firms.Hermine is tracking towards the Gulf Coast read the full article →

Hurricane Hermine will break Florida’s hurricane drought

Updated 15:00 ET: Invest 99L, or tropical depression 9, which we've been tracking for over a week reached tropical storm status and has just been upgraded to Hurricane Hermine by NOAA. The storm, which is tracking towards the Florida panhandle, is forecast to remain a hurricane until landfall, breaking Florida's read the full article →

All eyes in Florida & Gulf Coast on Invest 99L (tropical storm Hermine)

All eyes in Florida and the Gulf Coast states will be on Invest 99L, a strong tropical low that is currently tracking west-north-west between Cuba and the Bahamas towards Florida, could develop into named tropical storm Hermine and which is forecast to pass into the Gulf of Mexico.Meteorologists have been read the full article →

Insured losses from April & May storms in Australia pass $1.55bn

The Insurance Council of Australia has confirmed that severe storms that struck parts of the country in April and May have caused over AUD$1.55 billion of insurance industry losses. These storm  losses have caused at least two ILS funds to reserve for potential reinsurance claims.Australia saw a number of severe read the full article →

Some ILS funds suffer NAV impact from Australian storms

A number of ILS or reinsurance linked investment funds have seen small impacts to their net asset value (NAV) in April, due to the severe east-coast low pressure system and hailstorm that impacted the New South Wales and Sydney area in April.Artemis wrote at the time that these events, while read the full article →

Interview: Vincent Prabis Head of ILS Strategies, SCOR Global Investments

This interview with Vincent Prabis Head of ILS Strategies at reinsurer SCOR's Global Investments unit, discusses what it's like to operate an insurance-linked securities (ILS) unit within a major global reinsurance firm.This interview, fully titled ‘Advantages of working with an insurance-linked securities manager within a reinsurer‘ is taken from the read the full article →