Primary property/casualty insurers should post decent third-quarter earnings given low catastrophe losses, but reinsurers will continue to tread water as a 2012 hard market slips through their hands,
New Zealand’s Green Party is proposing issuance of billions in newly created “Earthquake Bonds” as a way to replenish disaster funds drained following the 2010 and 2011earthquakes. “[We] propose
Equity analysts at Credit Suisse initiated coverage of reinsurer Validus Holdings, setting a share-price target of $42, and citing the firm’s creation of AlphaCat sidecar and its PacRE
Odyssey Re has put the reinsurance on the U.S. presidential election radar by contributing a $1 million to Republican candidate Mitt Romney’s political action committee, according to federal
While the National Flood Insurance Program (NFIP) being inundated with thousands of new claims following Hurricane Irene’s storm surge, a new report by Swiss Re charges that the U.
Earthquake hazard maps that underlie catastrophe modelers’ insured loss estimates are poorly constructed and are leading to significant predictive failures, according to a study released U.S. and Japanese researchers.
The U.S. Democratic party mentions “insurance” twenty times in the platform issued Sunday evening, but any focus on catastrophe issues is limited to its support of crop insurance and
The majority of damage following Hurricane Isaac seems to be focusing squarely on losses following flood , not wind, thus moving the financial responsibility from the private market and catastrophe bonds
Apparently the California Earthquake Authority (CEA) likes catastrophe bonds so much that it’s pushing its traditional reinsurance program to mimic the capital markets. Staff at the CEA has proposed
The catastrophe bond market will be able to sustain up to $8 billion in annual volume, but it will find to nearly impossible to grow beyond that figure unless new
The Italian government has lost its ability to act at the “insurer of last resort” for earthquake coverage under the weight of the ongoing Euro financial crisis, leaving the private
Despite the warnings that multi-peril crop insurers may face its largest loss in several decades, it’s unlikely carriers will flee the sector anytime soon for two very good
