Bermuda’s move to create a supervisory regime to attract capital market structures into its established reinsurance market will have limited impact in the catastrophe bond business, industry professionals say.
Bermuda will remain a center for the property/casualty reinsurance business for a long time to come even as the island nation fights against foreign regulation and insurance industry changes.
The potential of pooling and then securitizing life settlement transactions will never be fully realized unless the market figures out a way to properly fund the deals, according to industry
Bermuda-based reinsurance companies will continue to dip their toes into insurance-linked securities (ILS) and alternative capital structures such as catastrophe bonds and side cars. However, they doubt they
The recent $250 million catastrophe bond offered by the Mexican government — if marketed successfully — may be the first of many multi-peril bonds issued by sovereigns in the coming years.
Karen Clark & Company wants to explain to insurers why a recent dramatic drop in their loss estimates for California earthquake should not automatically translate into a pricing change. Clark,
Large corporates continue to see captive formation as their best choice gaining terrorism coverage and accessing the Terrorism Risk Insurance Act (TRIA), according to industry professionals. “Our clients have developed
Two recently released studies show that the catastrophe bond market has all-but- abandoned indemnity triggers as confidence eroded in the financial health of individual sponsors during the market’s
The wildfires that are sweeping Southern California are nothing new to the region, but the collapse of the housing market could add a unique twist for property/casualty insurers if
The wildfires that swept through Greece last week will see little if any claims through the private insurance market as the government steps in to fill the gap in catastrophic
The push to create industry-wide exposure data format now includes participation from a catastrophe modeling firm, an important step that proponents argue will lead to broader participation among reinsurers
Typhoon Morakot may turn out to be the island nation’s most significant natural disaster since 2001 and the first major test of it’s still developing private reinsurance market.
