Calabash Re III – a $100 catastrophe bond pumped up for its “innovative” collateral but ultimately downgraded because of “Hurricane RMS” – has matured, leaving long-time sponsor ACE without a current
Storms that ravaged Colorado in early June caused over $320 million in insured losses and making it the state’s fourth storm event on record, according to a statement from
Tropical Storm Debby may become a major flood event for parts of Florida as the system moves onshore and stalls, according to catastrophe modelers following the event Monday. While Debby
A study released Thursday says that a global “Bird Flu” pandemic is much closer to realization and may force reinsurers and catastrophe modelers to revisit assumptions and create a renewed
U.S. lawmakers are poised to vote on a five-year renewal of the National Flood Insurance Program (NFIP) this week sans any major revisions, but with the promise to
Alterra Capital is having a good day. On Wednesday the reinsurer announced it is renewing its long-running New Point collateralized reinsurance sidecar with $210 million of capital while at
A 5.2 magnitude earthquake that struck near Victoria, Australia will not reach major losses for insurers, according to local authorities and catastrophe modeling firm AIR Worldwide. “Most reports are
Some of the largest global insurers and reinsurers are battling changes that U.S. crop insurance program that would limit private market participation and cut government subsidies by as much
Homeowners Choice – Florida’s biggest private homeowners issuer – increased its private reinsurance contract by $100 million and upped its single loss coverage by nearly $200 million for the 2012-2013
Florida’s insurer of last resort — Citizens Property Insurance — has selected former Zurich Insurance executive Barry Gilway as a replacement for outgoing Citizens leader Scott Wallace, according to published reports.
Large wildfires in Colorado and New Mexico could threaten more losses for U.S. carriers just as the severe weather season begins. The High Park Fire — which is located northwest
London-based Lancashire Holdings Ltd. announced the renewal of its $250 million retro side car Accordion Reinsurance with plans to take advantage of a possible “active US storm season” and
