Financial

Catastrophe bonds are still likely to escape the wrath of strengthening hurricane Laura unscathed, according to Zurich based ILS and reinsurance asset manager Plenum Investments. Plenum had said earlier this week that based on the forecasts at the time hurricane Laura may not have been strong enough to impact any outstanding catastrophe bonds in the…

Just an hour ago, we published a piece asking why acquiring hedging capacity when a major hurricane threat is in the water isn’t easier and as if by magic it transpires that insurtech Tremor Technologies will run a series of industry loss warranty (ILW) auctions this afternoon, U.S. time, which gets much closer to meeting…

Picture the scene, it’s August 2020 and major hurricane Laura is in the Gulf of Mexico moving over some of the warmest waters on the planet and forecast to intensify into a Category 4 storm before slamming into Louisiana and Texas, with Galveston Bay and Houston still perilously close to the cone of uncertainty. Residents…

Demonstrating the robust returns possible in the insurance-linked securities (ILS) market currently, through allocations to diversified reinsurance portfolios, Bermuda headquartered ILS fund and investment manager ILS Capital Management said its investors stand to earn higher returns this year. With reinsurance and retrocession rates firming rapidly through 2020, beginning at the key start of the year…

With hurricane Laura bearing down on the Texas and Louisiana coastline as a strengthening Category 2 storm with winds of over 105 mph, pushing what is being termed a potentially catastrophic storm surge in front of it, the time for last minute hedging arrangements and so-called live cat trading is now, or never. Hurricane Laura…