Insurance
Live webcast: Reinsurance & ILS in 2021. Outlook for a COVID-19 world
We’re hosting a live webcast on September 10th 2020, featuring senior reinsurance and insurance-linked securities (ILS) market executives discussing the state of play and the outlook for 2021. Register online here to secure your place at this free webcast event. At this time of year all eyes are beginning to turn towards the end of…
Read MoreRMS updates its HWind hurricane forecasting products
Catastrophe risk modelling specialist RMS has updated its suite of HWind hurricane forecasting products, which are part of the RMS HWind Real-Time Analysis solution. Coming as the 2020 hurricane season moves towards the peak of what is forecast to be an incredibly active year, RMS’ tools that help insurance, reinsurance and insurance-linked securities (ILS) players…
Read MoreGlobal Parametrics builds out team with weather scientist & software hires
Global Parametrics, the parametric and index-based disaster risk transfer company, has added two hires as it continues to build out its team to meet growing demands for index-based risk transfer and insurance products. Global Parametrics aims to consolidate on its position as a provider of climate and natural disaster risk protection by developing global, standardised…
Read MoreAdditional Insureds: How Policy Language Can Create Dramatic Consequences
By John Novaria, Managing Director, Amplify Underwriters routinely receive requests to add additional insureds to policies. But failure to add insureds correctly can open up insurers to potentially huge losses. Companies typically need to add additional insureds to allow them to fulfill their obligations with their contractual partners. The requests are commonly associated with coverage…
Read MoreI.I.I. Media Tour: What You Need to Know and Do as Hurricane Season Peaks
The Insurance Information Institute (Triple-I), along with Colorado State University’s atmospheric research scientist Dr. Phil Klotzbach, will be conducting a satellite media tour on Tuesday, August 11, to talk about what may lie ahead for the remainder of the hurricane season. Dr. Phil Klotzbach, Colorado State University We will be talking with news organizations throughout the…
Read MoreEvolution of Singapore’s ILS infrastructure to attract new sponsors
As Singapore evolves as an insurance-linked securities (ILS) domicile and enables regulatory, legal and tax changes, the ability of the region to facilitate ILS in all forms will attract a growing number of new sponsors, according to industry experts. Singapore has ambitions to become a leading hub for ILS business in Asia, a goal underpinned…
Read MoreBerkshire’s increased property reinsurance appetite evident in results
Warren Buffett’s Berkshire Hathaway made its resurgent appetite for property and casualty reinsurance underwriting evident in the second-quarter, as the companies reinsurance unit underwrote 29% more in gross premiums than the prior year. Berkshire Hathaway’s P&C reinsurance premiums written increased by $668 million (29%) in the second-quarter of 2020 and $1.2 billion (20%) for the…
Read MoreHurricane Isaias insured losses estimated at $4.2bn by KCC
Hurricane Isaias may have caused the insurance and reinsurance industry a loss of as much as $4.2 billion, according to analysis from catastrophe risk modeller Karen Clark & Company (KCC) It’s the first full estimate of insurance and reinsurance market losses and a fair bit higher than where any of our market sources had been…
Read MoreBeirut hull, cargo & port facility losses “within $250m” – Guy Carpenter
Reinsurance broker Guy Carpenter has put out an early estimate for insurance and reinsurance market losses related to hull and cargo lines, as well as port facility damage, related to last week’s devastating explosion in the port area of Beirut, Lebanon. Source: AP Photo/Hussein Malla The explosion destroyed much of the area around the port…
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