reinsurance

According to sources, after hurricane Beryl came very close to triggering Jamaica’s $150 million IBRD CAR Jamaica 2024 catastrophe bond, there has been a slight decline in where it is marked on some pricing sheets, but this is thought only to account for minor uncertainty related to the potential for its track and meteorological data […]

With reports suggesting a more balanced and stable retrocession renewal at the mid-year, broker Aon’s Reinsurance Solutions unit has said that a number of major ILS markets successfully raised new capital to deploy into mid-year retro deals.

Hurricane Beryl made landfall near Matagorda, Texas yesterday as a Category 1 storm and the fact certain meteorological conditions meant the storm did not intensify as much as it perhaps could have, means the insurance industry loss in the United States from Beryl will not be overly significant.

While Jamaica won’t receive a payout from its catastrophe bond after hurricane Beryl passed close to the island but was not intense enough, or a direct hit, to activate that structure’s trigger, the fact the country has a multi-layered disaster risk financing strategy means liquidity is available, the country’s Minister of Finance Dr. Nigel Clarke […]

The fact reinsurance arrangements have been thoroughly repriced and restructured over the last two years means that, as we move into the second-half and what can often be the heaviest loss period, there is a lower risk that the returns from reinsurance are affected, as primary carriers are set to retain more losses again this […]

A strong performance and recovery in June as catastrophe bond spreads largely came back into line has helped the first-half 2024 average return of UCITS catastrophe bond funds reach 4.72%, according to the Plenum CAT Bond UCITS Fund Indices.

According to risk modelling and catastrophe data firm CoreLogic, the insurable losses from hurricane Beryl’s impacts in the Caribbean and Mexico are expected to total no more than $1.7 billion.

The fact the insurance-linked securities (ILS) market is healthy, has resumed growth and delivered attractive returns to its investors, may now be a contributing factor in diminishing investor interest in backing balance-sheet reinsurance startups, according to AM Best.

There are only a few days to go until our catastrophe bond and insurance-linked securities (ILS) market conference in Singapore, ILS Asia 2024, which takes place on July 11th at the Suntec Convention Centre. You must register soon if you want to join us. Get your ticket to attend here.

Property catastrophe reinsurance rates-on-line slowed further at the recent mid-year renewals, with a general flat to slightly down rate environment, resulting in broker Guy Carpenter’s U.S. Property Catastrophe Rate-On-Line Index now being up by just 1.2% in 2024.