Insurance

Tropical storm Bertha has formed off the coast of South Carolina to become the second named storm of the 2020 Atlantic hurricane season and relatively unusually the second to form before the official start of the season on June 1st. Tropical storm Bertha does not pose a major threat to the Carolina’s, although rainfall totals…

We can’t speak for every reinsurance broking team that puts out a regular sheet of pricing indications for industry-loss warranty (ILW) protection, but all of the ones we’ve seen in the last couple of weeks (which include some of the biggest players) haven’t updated their price indications for Florida wind ILW’s since 2019. As a…

U.S. commercial property insurance rates are now rising at their fastest pace since 9/11, according to the Council of Insurance Agents & Brokers (CIAB). The statement supports recent data from broker Marsh who explained that commercial property insurance rates were up 21% on average during the first-quarter of 2020, which provides further impetus to reinsurance…

H.R. 7011, or the Pandemic Risk Insurance Act of 2020, has been introduced by politicians and industry leaders including insurance and reinsurance market representatives and proposes the creation of a Pandemic Risk Reinsurance Program to compensate for business interruption caused by future pandemics. The bill has been in the works for a number of weeks…

The government of the Philippines will go back to the global reinsurance market to invite fresh bids to provide the capacity to underpin its roughly US $19.6 billion insurance of state-owned assets and infrastructure, with the application process now simplified somewhat. Last December we reported the Philippines government had entered into a 1 trillion pesos…

Hurricane loss events that impact a particularly widespread area, even with lower wind speeds, could be the catastrophes that see a much greater degree of loss amplification and inflation due to the ongoing Covid-19 pandemic, according to Karen Clark & Company. The catastrophe risk modelling specialists highlighted in a report that even where wind damage…

Some insurance-linked securities (ILS) funds continue to be impacted by the catastrophe activity of recent years, as the managers of the ILS funds factor rising ultimate loss figures reported by cedents into loss reserve adjustments for prior year events. While 2017 catastrophe losses are largely stabilised, except for in a few edge cases we understand,…

Michael Millette, Founder & Managing Partner at Hudson Structured Capital Management, a specialist alternative asset manager with a focus on sourcing insurance and reinsurance linked returns for its investors, joined us for our latest video interview. All of our Artemis Live video interviews can be accessed directly from our YouTube Channel and we have more…