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Markel CATCo warns of exposure to hurricane Dorian, Typhoon Faxai

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management has warned that investors in the 2019 portfolios of its listed fund are exposed to potential losses from recent catastrophe events hurricane Dorian and typhoon Faxai.The investment manager is currently running off its retrocessional reinsurance investment strategies, but having written new read the full article →

Expect $15bn+ Japan typhoon industry loss at least every 20 years: KCC

Japanese typhoons should be expected to cause insurance and reinsurance industry losses of more than $15 billion at least every 20 years, according to analysis by Karen Clark & Company.The catastrophe risk modelling firm analysed typhoon Jebi and found that based on its high-resolution Japan Typhoon Reference Model, KCC believes read the full article →

Hurricane Dorian insured losses could reach up to $8.5bn, RMS estimates

Hurricane Dorian may ultimately result in an impact to the insurance and reinsurance industry of up to $8.5 billion across all territories affected by the storm, according to catastrophe risk modelling specialist RMS.The risk modelling firm had already pegged the industry loss from hurricane Dorian's impacts to the Caribbean and read the full article →

Hurricane Humberto forecast to near Bermuda as strong storm

Hurricane Humberto, the eighth named storm and third hurricane of the 2019 Atlantic tropical storm season, is forecast to head eastwards with a track that could take it quite near to Bermuda as a strong storm, possibly with wind speeds in the Cat 2 to Cat 3 range.Read our latest read the full article →

Rainfall deficit triggers Côte d’Ivoire’s parametric African Risk Capacity policy

The African Risk Capacity (ARC) will pay the Government of Côte d’Ivoire $738,835 after a deficit of rainfall during the growing season triggered the countries parametric insurance policy.Having guaranteed a minimum pay-out of $22m for Senegal at the end of the country’s farming season in November, after drought triggered its read the full article →

ILS issuance to “materially increase” in coming months: Jean-Louis Monnier, Swiss Re

Insurance-linked securities (ILS) and catastrophe bond issuance is likely to "materially increase" over the next nine months, according to Jean-Louis Monnier, Head of Retro & ILS Structuring and Origination at global reinsurance firm Swiss Re.Monnier expects that with the ILS market being relatively stable following two years of catastrophe losses, read the full article →

Blue Marble & World Food Programme expand index insurance partnership

Blue Marble Microinsurance (Blue Marble) has announced an expansion of its weather-index parametric insurance partnership with The United Nations World Food Programme (WFP) in Africa.Blue Marble, backed by its shareholding global insurance, reinsurance and broking firms, has already been active offering its socially impactful, commercially viable parametric insurance protection to read the full article →

KCC pegs total hurricane Dorian industry insured loss at $5.23bn

Hurricane Dorian is estimated to have caused an industry insured loss of $5.23 billion by catastrophe risk modeller Karen Clark & Company (KCC).It's a very specific modelled loss estimate for the impact the insurance and reinsurance industry may face from hurricane Dorian, with the Bahamas the source of the brunt read the full article →

RMS sees Dorian wind & surge Caribbean industry loss at up to $6.5bn

Hurricane Dorian is estimated to have caused a wind and storm surge related insurance industry loss of between $3.5 billion and $6.5 billion in the Caribbean and Bahamas by catastrophe risk modelling specialists RMS.The figure is higher than another risk modelling firm AIR Worldwide which said the insurance industry loss read the full article →

Tremor provides efficiency for the re/insurance system: W. R. Berkley Corporation’s Emmendorfer

W. R. Berkley Corporation recently revealed an investment in programmatic reinsurance risk placement marketplace provider, Tremor Technologies, Inc., technology that the re/insurer told us can deliver efficiency to the entire market.W. R. Berkley Corporation invested as part of Tremor’s recent fundraising round, demonstrating its commitment to and confidence in the read the full article →