The near failure of several Missouri insurers following the May 2011 Joplin tornado has prompted state regulators to require local “farm mutuals” to purchase reinsurance to cover possible severe losses.
Modern day coastal development is making U.S. hurricanes more potent, but catastrophe modeling firms may be applying “incomplete” historic loss information for insurance and reinsurance industry clients, according to
Life settlement vehicle Assured Fund said that it’s delaying the audit of its 2011 financial statements in order to incorporate new assumptions on its underlying life policies, according to
Reinsurers Endurance Speciality, Axis Capital and XL Group saw big swings in sentiment in the period ending June 30 as hedge funds and other large investors changed positions. Global equity
Combine Re — at $200 million catastrophe bond hailed by market participants for its unique way of blending issuers and risks — was downgraded Monday after loss reports cut into a tranche
A series of severe thunderstorms and a possible “derecho” event caused over $400 million in insured losses for Ohio, making it the third costliest disaster in the state’s history.
“Perceptions of immorality” tied to catastrophe bonds and other insurance linked securities (ILS) may be forcing issuers to pay investors a higher return, according to research from Germany’s WHL
While insurance-linked securities are often marketed for their “non-correlation” to credit and equity markets, ILS would not be spared losses following a possible breakup the Eurozone, according to
A weekend storm system fueled by Typhoon Vicente that has already caused over $1.5 billion in economic losses around the Chinese capital of Beijing and significantly more damage could
While the reinsurance industry may not post a systemic risk to the larger financial system, the use of “interdependent” catastrophe models may pose a systemic risk to the reinsurance industry,
A catastrophic drought hitting much of the U.S. will likely cause losses for crop insurers, but a significant federal reinsurance backstop will shield underwriter’s capital base, according to
Over a year after the Tohoku earthquake and tsunami, Japan is seeing the largest increases in catastrophe pricing with spikes up to 30 percent on renewing programs, according to a
