catastrophe

No Catastrophe Expansion “At Any Price”: Axis Capital’s Benchimol Members Public

CEO Albert Benchimol is determined to reduce volatility in earnings from increased catastrophes.

Chris Westfall
Reinsurance

FEMA Details Disaster “Deductible” Plan for States, Insurers See an Opportunity Members Public

The proposal to create “public assistance deductible” for federal disaster aid is moving ahead with an the average state paying $22 million in upfront costs before relief is issued, according to documents released last week by the Federal Emergency Management Agency (FEMA). And with already cash-strapped state’s balking, insurance

Chris Westfall
catastrophe

More Billion Dollar Catastrophe Losses Are the New Normal Members Public

Weather-related catastrophe events that top the billion dollar insured loss threshold have become more frequent and will pressure insurance and reinsurance executives to adapt as they hit balance sheets multiple times per year. The insurance industry is absorbing an average of eight billion dollar losses per year since 2000, up

Chris Westfall
catastrophe

U.S. Homeowners ROE Improving But Florida Falls Behind Members Public

The after-tax return-on-equity (ROE) for U.S. homeowners insurance business jumped in 2015 helped by imploding reinsurance prices and catastrophe experience that pushed back loss ratios, according to a study release last week by Aon Benfield. The report reveals that U.S. homeowner insurers’ prospective ROE is 8.6

Chris Westfall
catastrophe