reinsurance

Analysts at KBW have tried to put some figures on the potential hurricane Ian loss impact for some of the main insurance and reinsurance names they cover, with RenaissanceRe currently seen by the firm as the company likely to take the biggest hit, as a percentage of its common equity.

KatRisk, a specialist provider of catastrophe modeling solutions for flood and wind risk, has published an estimate of wind, surge and flood related economic losses from hurricane Ian, pegging the total at $46 billion, but that figure could be plus or minus $16.1 billion.

Hurricane Ian is expected to change the insurance market landscape entirely in Florida and litigation is still expected to be an issue in the claims process despite the attempts at legislative reform, RMS’ Chief Risk Modeling Officer Mohsen Rahnama has implied.

Bermuda headquartered re/insurer Arch Capital eventually secured $201 million of capital markets backed mortgage reinsurance protection with its latest ILS issuance, the Bellemeade Re 2022-2 Ltd. deal, using traditional reinsurance to top-up the rest of the layers.

Verisk has come out with its first post-landfall and official estimate of insurance and reinsurance market losses from hurricane Ian, saying that the onshore property insured loss is estimated to be in a range from $42 billion to $57 billion.

Cresta has updated its industry loss estimates and provided a quarterly update, in which the organisation says that the insurance and reinsurance market loss from the July 2021 European flooding is now estimated to be $13.8 billion.

The catastrophe bond market index calculated by Swiss Re Capital Markets, the insurance-linked securities (ILS) specialist arm of the global reinsurance firm, plummeted when priced on Friday, due to the potential impacts and losses cat bonds face after Hurricane Ian.

We asked our insurance-linked securities (ILS) focused readers for their thoughts as to how large the Hurricane Ian mark-to-market implied loss to catastrophe bonds could be, when pricing sheets were marked on Friday.

Private insurance industry losses from major hurricane Ian are expected to rise close to $63 billion, according to catastrophe modeller Karen Clark & Company.

Here are the ten most popular news articles, week ending October 2nd 2022, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.