US deep freeze looks like $10bn to $12bn property cat loss: Albertini, Leadenhall

February’s deep freeze and winter storm catastrophe event looks set to drive a property catastrophe reinsurance market loss of somewhere in a range from $10 billion to $12 billion, Leadenhall Capital Partners CEO Luca Albertini believes. Speaking with us during a recent Artemis Live video interview, Albertini said that data and loss information is beginning…

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Low reinsurance retentions to help Australian insurers as flood claims rise

Australia’s flooding catastrophe event continues and has spread, with the Insurance Council warning that its estimate of losses has already reached A$254 million as of early today, while its designation of the catastrophe event has expanded to include South East Queensland. As of early today, the number of claims filed and recorded by the Insurance…

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TWIA targets $1.9bn of cat bonds & reinsurance, seeks pricing for extra $1bn

The Texas Windstorm Insurance Association (TWIA) will aim to secure $1.9 billion of protection before the hurricane season from a mix of catastrophe bonds and traditional reinsurance, but its Board also directed its broker to secure pricing for an extra potential $1 billion placement. The Texas Windstorm Insurance Association (TWIA) secured $2.1 billion of reinsurance…

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Red Cross cat bond an impressive example of humanitarian ILS: Plenum

The recent completion of the world’s first pure volcanic risk catastrophe bond for its sponsor the Danish Red Cross, is an impressive example of the use of insurance-linked securities (ILS) in the humanitarian field, according to one of the investors in the bond, Plenum Investments AG. The first volcano cat bond will provide financing to…

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Here Are Some Tax Deductions That property Investors Should Know About

Undertaking home renovations doesn’t always have to be because the area needs a refresh. Engaging in the makeover process could be for purely financial reasons. In fact, more property investors are seeking to improve capital values and increase rental income through renovation instead of purchasing a new home or building.  Many investors are aware that […]

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Paying Off Home Mortgage Debt Vs Investing In Shares

Throughout the COVID-19 pandemic, Australians have saved at record levels. Newly-released Treasury data shows households and businesses have amassed an impressive $200bn in savings.  It’s with the hope that these savings will drive recovery following the pandemic, but what if you could increase these savings by paying off your mortgage faster? Should you increase home […]

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