Insurance
Hurricane Delta to slam Yucatan, approach Gulf Coast at near Cat 3 strength
Hurricane Delta has weakened slightly on approach to Mexico’s Yucatan Peninsula, but still at major Category 3 strength will deliver a life-threatening storm surge and damaging winds and is then expected to head into the Gulf where it could maintain major status right up to landfall on the U.S. Gulf Coast at the end of…
Read MoreClimate risk means we’re not far off a $300bn loss year: Flandro, Hyperion X
The insurance marketplace is not that far off a $300 billion loss year and it’s vital reinsurance and ILS markets price adequately for climate change risk, according to David Flandro, Managing Director of Analytics at Hyperion X. Leading a virtual panel discussion as part of the ILS Bermuda Convergence 2020 event this week, Flandro explained…
Read MoreBDO adds Quantum Global Advisors
BDO USA is merging in Quantum Global Advisors LLC, a Chicago-based international insurance claim and valuation consulting practice, in a deal that’s expected to close Oct. 16. Original Article Posted at : https://www.accountingtoday.com/news/bdo-adds-quantum-global-advisors
Read MoreCOVID-19 & Beyond: Study Highlights Claims Trends
Commercial insurance loss estimates related to the COVID-19 pandemic vary widely, with Lloyd’s estimating global claims as high as $107 billion in 2020 and analysts from investment bank Berenberg projecting total claims between $50 billion and $70 billion. But a new Allianz paper says the unprecedented size of pandemic-related claims is only part of the…
Read MoreInsurance Organizations Are Often Missing This…
By John Novaria A wise insurance executive once told me, “People try to make insurance too complicated.” As a communications professional, that was music to my ears. Don’t get me wrong. Complexity comes with the territory when your job is protecting assets while balancing the interests of policyholders, regulators and shareholders. There has to be…
Read MoreStop Making These 10 Dumb Money Moves
You’re no dummy, right? Then you need to stop making dumb money moves. The chances are good that you are making at least a couple. Read on to learn about some of the dumb, but common, money moves people make every day — and how to avoid them. Original Article Posted at : https://www.moneytalksnews.com/slideshows/slideshow-dumb-money-moves/
Read MoreHurricane Delta hits major Cat 4 status, threat to Mexico’s cat bond increasing
Hurricane Delta has now intensified into the third major hurricane of the 2020 Atlantic storm season and with further strengthening in the forecast this storm could pose a test for the World Bank issued FONDEN 2020 catastrophe bond sponsored by the Mexican government. Hurricane Delta became the fastest 25th named storm of any season to…
Read MoreHurricane Delta takes aim at northern Gulf Coast
Hurricane Delta is strengthening rapidly as it heads for Cancun, Mexico. It’s expected to reach Louisiana by Saturday morning. If the storm makes U.S. landfall, it will become the 10th named storm to do so this year – a new record. Louisiana Governor John Bel Edwards warned coastal parishes to prepare for the storm now.…
Read MoreHudson Structured backs Aon’s “ILS friendly” solution for intellectual property assets
Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, was the largest capacity provider to back a first transaction from a new financing solution for intellectual property assets created by broking group Aon. Terming the solution “an innovative ILS friendly structure”, Edouard von Herberstein, Partner at Hudson Structured’s reinsurance…
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