The oil spill in the Gulf of Mexico highlights the dangers and confusion surrounding major “liability catastrophes” that could leave private companies and governments dealing with claims for years to
Tropical Storm Alex could make landfall just south of Brownsville, Texas later this week and catastrophe modelers are already citing similarities to 2008’s Hurricane Dolly. According to the latest
Property/casualty insurers will face years of declining earnings unless a major catastrophe or other loss event hardens the market and drains excess capital, according to several Wall Street analysts.
Losses from the 8.8 magnitude earthquake that rocked Chile on February 27th will not change reinsurance rates on a global or regional basis, according to speakers at this week’
In an effort to address the transparency concerns of sponsors and investors, catastrophe bonds dealers are considering showing trading volume on the secondary market within circulated weekly pricing sheets. But
A relatively soft reinsurance cycle has kept new issuers from taking the plunge into catastrophe bonds despite the return of stability to the market, industry watchers say. The majority of
Standard & Poor’s is warning property and casualty insurers to pull back on reserve releases or they may face a credit downgrade, according to a report released yesterday. “If
Heavy storms coupled with driving rain were responsible for billions in global catastrophe losses last month, according to the monthly Cat Recap report [http://www.aon.com/attachments/reinsurance/201006_
The property/casualty reinsurance market may be one large wind event away from a major shakeout. Reports issued today by Moody’s Investor Services and Aon Benfield say that despite
Florida carriers have seen reinsurance rates decline as much as 7 percent during the just completed renewal season but questions remain regarding the viability of the state’s reinsurance subsidy,
The Swiss Re Global Cat Bond Index recorded a 3.4 percent return in the first quarter of 2010 despite tightening spreads and diminishing collateral returns, according to the Zurich-
Nationwide Insurance will stop writing direct earthquake insurance in California next year and has applied to the California Earthquake Authority (CEA) to become a participating insurer. The company will cease
