Politics Dominate Florida Reinsurance Move
Plans by Florida-based Citizen’s Property Insurance to tap the private reinsurance market are stoking a political battle. Republican
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Sidecars Are Key for New Capacity: AM Best
Any new capacity entering the catastrophe market in the wake of hardening prices will come in the form of sidecars
Flood Bill Pushes Private Reinsurance, Cat Bond Solution
Legislation passed by the House on Friday that would extend the National Flood Insurance Program (NFIP) also includes language that
CEA Board Votes to Move Ahead With $150M Transformer Deal
The board of the California Earthquake Authority voted to move forward with a transformer reinsurance agreement that would eventually lead
Insured Losses From April Tornados Between $3.7B and $5.5B: AIR
The April thunderstorm outbreak in the central U.S. created insured losses between $3.7 billion and $5.5 billion,
Alterra Planning Brazil Expansion
Alterra Capital said Monday that it plans to apply for a license to incorporate a local reinsurance company in Brazil.
Solvency II May Create ‘Intense’ Underwriting Cycles: Report
Insurance and reinsurance firms should expect “more intense” underwriting cycles as Solvency II is implemented, causing reinsurance earnings to become
Guy Carpenter Expands Flood Model to Indonesia
Reinsurance specialist Guy Carpenter has expanded its Asian flood model to include the disaster prone region around Jakarta, Indonesia, according
Cat Bonds in Second Quarter Slow Down: Report
The catastrophe bond market is treading water as issuers may sit on the sidelines as over $2.4 billion in
Earthquake Losses, Deaths ‘Soar’ While Seismic Activity Remains Static: Report
Insured losses and fatalities following earthquakes will continue to increase despite relatively level seismic activity, according to a report issued
Modelers Face Japanese Quake Challenges
Insurers, reinsurers and catastrophe bond managers will face delays in receiving accurate insured loss estimates as catastrophe modeling firms struggle
Chile Insurers Hit by ‘Model Miss’ Aftershock
Catastrophe models failed to accurately capture the destruction following the 2010‘s Maulé earthquake to the point that carriers have
