With capital markets “no longer a viable source of funding” for life insurance reserve securitizations, the sector is focusing on embedded value strucures to restart the deal cycle, according to
The earthquake that shook Northern Italy’s Emilia-Romagna region and flooding in China created combined $9 billion in economic losses for the month of May, according to Aon Benfield’
Property/casualty insurers bolstering earnings and suppressing prices through redundant reserve releases will hit a wall in 2013, according to a report issued by Aon Benfield Analytics Wednesday. Given the
Insurance-linked securities (ILS) issuers and investors have come to accept the sector’s ‘complementary”role compared to traditional cover and many are prepared to become consistent players in the
Reinsurance renewals for Florida windstorm risk – which historically have moved in tight lock-step for all carriers — are showing more variation as reinsurance underwriters and cedants become comfortable with tailoring
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced Tuesday that all member countries renewed coverage for the policy year and that participating governments will receive a rebate that could be
A 75 million euro contingent capital deal inked by SCOR SE last month — and the subsequent market reaction — means that catastrophe cover is getting extremely pricey at the top end
Bermuda-based Endurance Specialty Insurance was approved to reinsure property/casualty coverage in Florida under the state’s reduced collateral program, according to a statement from Florida’s Office of
Validus Holdings re-upped its longstanding collateralized sidecar AlphaCat program with a new $70 million vehicle for the 2012 hurricane season. The Bermuda-based insurer said Friday that the firm
Three states remain at highest risk of a destructive hurricane losses in 2012, although the overall probability of landfall in the current season is below longer-term norms, according to
Bermuda-based Renaissance Re renewed its longstanding sidecar structure with the formation of Timicuan Reinsurance III Ltd., the company announced Friday. The new sidecar will reinsure the Florida homeowners market
