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SCOR sets up fourth catastrophe & mortality contingent capital facility

French reinsurance giant SCOR has established its fourth contingent capital facility, securing an EUR 300 million source of responsive capital coverage for natural catastrophe and extreme mortality events.SCOR has been a regular issuer of contingent capital since 2010, when the reinsurance firm first added a line of contingent equity capital read the full article →

Retro support helps SCOR to remain profitable so far in 2017

Despite the significant catastrophe losses facing the reinsurance industry, French reinsurer SCOR has reported a profit for the first none months of 2017, as support from its retrocession providers helped the firm to better manage its losses.SCOR's significant retro protection has helped to moderate the impact of recent catastrophes, including read the full article →

SCOR: Catastrophes unlikely to trigger contingent capital facility

Global reinsurance firm SCOR said that it expects the impacts of hurricanes Harvey, Irma and Maria will likely remain an earnings, rather than capital event, and that it does not expect its contingent capital facility will be triggered as a result of the losses it will suffer.SCOR has a catastrophe read the full article →

SCOR grows its catastrophe & mortality contingent capital facility

French reinsurance company SCOR has announced the issuance of a new three-year contingent capital facility that will provide the company with EUR 300 million of cover against losses from natural catastrophe and extreme mortality events.The contingent capital deal provides SCOR with a EUR 300 million contingent equity line that can read the full article →

PERILS updates European windstorm industry loss forecasting tool

PERILS AG, the provider of industry-wide European catastrophe exposure, industry loss data and indices, has updated the underlying loss model of its Wind-Jeannie tool in advance of the coming 2016/17 European windstorm season.PERILS launched Wind-Jeannie in time for last years European windstorm season. The online tool provides forecasts of potential read the full article →

PERILS puts final estimate of windstorm Elon-Felix losses at €329m

PERILS AG has now provided its final estimate for the insurance industry losses caused by January 2015’s European windstorms Elon-Felix. The final estimate shows that losses grew by just one million euros since the first estimate to €329m.PERILS AG, provider of industry-wide European catastrophe exposure, industry loss data and indices, read the full article →

PERILS launches European windstorm loss forecasting tool

PERILS AG, the provider of industry-wide European catastrophe exposure, industry loss data and indices, has launched a new website called Wind-Jeannie which provides forecasts of potential industry losses from European windstorms.For PERILS this is a first step into pre-catastrophe event loss forecasting, rather than the established post-event loss calculation and read the full article →

PERILS lowers loss estimate for European storms Elon-Felix to €328m

PERILS AG has lowered its insurance industry loss estimate for January 2015's European windstorms Elon-Felix from the last report of €335m down to a reduced €328m, which is back to where the first estimate for this storm was reported.It's unusual to see the loss estimate reduced, windstorm losses typically rise read the full article →

Slow retro, rise of indemnity reinsurance, slow PERILS data use

Two market factors are likely responsible for a slow-down in the use of industry loss data provided by PERILS AG, the excess capital in reinsurance has reduced the need for retrocession, while the rise of indemnity trigger popularity has dominated trigger use.PERILS AG, the Zurich-based provider of industry-wide European catastrophe read the full article →

PERILS updates loss estimate for European storms Elon-Felix to €335m

PERILS AG, provider of industry-wide European catastrophe exposure, industry loss data and indices, has released an updated estimate of €335m for insurance industry losses from January's European windstorms Elon-Felix.Elon-Felix affected Western and Northern Europe from 8th to 11th January 2015, causing the majority of the insured losses to occur in read the full article →