reinsurance

We’re told that American Integrity Insurance Company has for the second time lifted the target size for its new catastrophe bond, with now $305 million in collateralized named storm reinsurance protection sought from the Integrity Re Ltd. (Series 2024-1) issuance, which would be a more than doubling of the size of this deal since its […]

Over the history of the catastrophe bond market, sponsors have recovered some 2.69% on a paid loss basis, which on a reported loss basis would have seen recoveries of 3%, according to Swiss Re Capital Markets.

Creditor parties in the bankruptcy of insurtech Vesttoo are much closer now to an agreement on the settlements that had provisionally been reached, as well as on the plan of bankruptcy and liquidation, so hope has emerged that sides may find a common ground and the process could then move forwards at pace.

Research from the Swiss Re Institute finds that countries are at risk of higher property damage losses as a result of climate change, with the United States and the Philippines likely to be hardest hit as certain hazards intensify.

The legislative reforms aimed at improving the property insurance market in Florida are increasingly seen as having a positive effect, with carriers increasing their appetite for writing in the state and analysts suggesting the benefits of the reforms could be significant over time.

The U.S. Federal Emergency Management Agency (FEMA) has raised its target for flood reinsurance from its latest visit to the catastrophe bond market, now aiming to secure up to $575 million of protection for the National Flood Insurance Program (NFIP), with the FloodSmart Re Ltd. (Series 2024-1) cat bond issuance.

Heritage Insurance Holdings, Inc., the nationally expansive and Florida headquartered property and casualty insurer, is back in the catastrophe bond market and seeking $100 million or more in collateralized US named storm reinsurance from a Citrus Re Ltd. (Series 2024-1) issuance.

American Integrity Insurance Company is aiming to upsize its new catastrophe bond coverage, with now $295 million or more in collateralized named storm reinsurance protection being sought from the Integrity Re Ltd. (Series 2024-1) issuance.

Some investors may not have realised that “reinsurance has a self-healing mechanism” causing them to miss out on the record year of returns in 2023, according to Larry Swedroe, Head of Financial and Economic Research at Buckingham Wealth Partners.

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company, has now secured the targeted $100 million of industry loss triggered protection from its new Ramble Re Ltd. (Series 2024-1) catastrophe bond, with the notes now priced at around 12% below the mid-point of initial guidance.