loss creep


COVID reserving & nat cat loss creep affecting some ILS funds

In June and July we understand that loss creep related factors have continued to affect some insurance-linked securities (ILS) funds, particularly those focused on private collateralised reinsurance deals, as uncertainty persists over potential impacts from the COVID-19 pandemic and prior year catastrophe losses begin to crystalise. We're told that COVID related read the full article →

Social inflation hits Florida loss costs, but Universal still has $1.2bn Irma tower

Loss costs on Florida property insurance business continue to be impacted by social inflation, according to the CEO of Universal Insurance Holdings, but this hasn't put the carrier off writing more business in the state, with its Florida book expanding in Q2. Universal, the Florida headquartered and expansive primary insurance carrier, read the full article →