AIR Worldwide said the severe thunderstorms that struck the United States in late May will result in insured losses between $4 billion and $7 billion. The estimate includes insured physical
PartnerRe Ltd. on Sunday issued an initial loss estimate related to the April U.S. tornado outbreak of between $50 million to $70 million. According to a company statement [http:
The tornado that struck Joplin, Missouri Sunday reveals that the insurance and catastrophe modeling industry will face greater challenges as severe storms continue to target densely populated areas in the
Plans by Florida-based Citizen’s Property Insurance to tap the private reinsurance market are stoking a political battle. Republican Florida State Senator Mike Fasno released a statement [http://www.
Any new capacity entering the catastrophe market in the wake of hardening prices will come in the form of sidecars rather than traditional reinsurance start ups, according to a report
Legislation passed by the House on Friday that would extend the National Flood Insurance Program (NFIP) also includes language that require an assessment of “private market” solutions for the troubled
The board of the California Earthquake Authority voted to move forward with a transformer reinsurance agreement that would eventually lead to new, $150 million three year catastrophe bond. According to
The April thunderstorm outbreak in the central U.S. created insured losses between $3.7 billion and $5.5 billion, according to statement issued Monday [http://alert.air-worldwide.com/
Alterra Capital said Monday that it plans to apply for a license to incorporate a local reinsurance company in Brazil. “The addition of a local reinsurance company is a key
Insurance and reinsurance firms should expect “more intense” underwriting cycles as Solvency II is implemented, causing reinsurance earnings to become much more volatile, according to a report by Guy Carpenter
Reinsurance specialist Guy Carpenter has expanded its Asian flood model to include the disaster prone region around Jakarta, Indonesia, according to a statement released Tuesday. The model analyzes a 1,
The catastrophe bond market is treading water as issuers may sit on the sidelines as over $2.4 billion in securities are set to mature this quarter, according to a
