Insurance
Hurricane Sally insured onshore property losses said $2bn by KCC
Onshore property losses for the private insurance and reinsurance market from recent hurricane Sally are estimated at just $2 billion by catastrophe risk modeller Karen Clark & Company. The estimate released today includes private insurance market losses caused by wind and storm surge damage to residential, commercial, and industrial properties and automobiles. KCC said that…
Read MoreCostly August takes insured catastrophe losses above average in 2020: Jefferies
After an impactful month of August, analyst firm Jefferies believes that insured catastrophe and weather losses are running above average and that for most insurance and reinsurance firms they will now be ahead of budgets in 2020. Jefferies team has analyse severe weather and catastrophe activity through the year so far and estimated its cost…
Read MoreAsia-Pacific mortality gap hits US $83tn, suggests role for ILS & insurtech
An estimated 75% of households in the Asia Pacific region will face financial stress in the event of the death of the main breadwinner, according to research from Swiss Re. The reinsurance firms recent research highlights the significant lack of uptake of life insurance products in the Asia Pacific region, as well as the massive…
Read MoreGC / MMC’s Isosceles ILS platform in $25m private cat bond issuance
Isosceles Insurance Limited, the transformer and segregated cell structure operated by Marsh & McLennan Companies and reinsurance broker Guy Carpenter to issue privately placed insurance-linked securities or catastrophe bonds has completed issuance of another transaction. This $25 million Isosceles Insurance Ltd. (Series 2020-C1) transaction is the second deal to come to light from the issuance…
Read MoreCATCo gets another $68.9m of trapped collateral back from side pockets
The winding down and running-off of Markel CATCo Investment Management’s retrocession focused investment fund, the CATCo Reinsurance Opportunities Fund Ltd., continues apace, with the manager securing another $68.9 million release from side pockets established for potential loss reserves. The Markel CATCo managed retrocessional insurance-linked securities (ILS) fund has been successfully retrieving capital that had been…
Read MoreBest of Artemis, week ending 20th September 2020
Here are the ten most popular news articles, week ending 20th September 2020, 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. Register for our November reinsurance &…
Read MoreTeddy aims storm-force winds at Bermuda, storm Beta a Gulf rain & flood threat
Hurricane Teddy is a large and significant storm but thankfully looks set to pass to the east of Bermuda, although the island could be in for tropical storm-force winds over the next 24 hours. Meanwhile, tropical storm Beta is heading for a Texas. Gulf Coast landfall, with the major threat currently looking like more significant…
Read MoreEarthquake Country Alliance’s Minimize Financial Hardship Webinar
The Earthquake Country Alliance will host a webinar on how to be financially prepared for an earthquake as part of its Seven Steps to Earthquake Safety series. The webinar will focus on Step 4 – Minimize Financial Hardship. It will include tips on organizing important documents, strengthening your property and insurance. Experts listed below will…
Read MoreSEC director calls for greater retail investor access to private markets
A senior director of the United States Securities and Exchange Commission (SEC) has called for main street, or retail, investors to be given greater access to private market asset classes, to enhance the return profile of their pension portfolios. Dalia Blass, a Director of the SEC’s Division of Investment Management, discussed the importance of looking…
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