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Tag: catastrophe insurance


Geo-Political, Risk Management

Hong Kong targets issuance of first ILS or cat bond in 2021: IA

March 8, 2021

Via: Artemis BM

Hong Kong’s proposed insurance-linked securities (ILS) grant scheme, that will pay a share of issuance costs for catastrophe bond sponsors electing to use the domicile once its ILS regulatory regime is ready, is seen as an initiative to enhance the […]


Geo-Political, Risk Management

USAA aggregate cat bonds in focus on winter storm impacts

March 1, 2021

Via: Artemis BM

Secondary market prices have dropped for some catastrophe bonds in the wake of recent severe winter storm losses in the United States, with aggregate Residential Re cat bonds, sponsored by primary military mutual insurer USAA, the names in investor focus. […]


Geo-Political, Risk Management

Universal estimates Q4 cat losses at $76m

February 18, 2021

Via: Reinsurance News

Universal Insurance Holdings, the Florida headquartered and expansive primary insurance carrier, has announced that it expects to incur a total net impact of $76.0 million due to catastrophe losses in Q4. This figure ($57.7 million after-tax) covers estimated weather events […]


Financial, Risk Management

Cincinnati improves CR despite higher cat losses

February 11, 2021

Via: Reinsurance News

Primary insurer Cincinnati Financial improved its property casualty combined ratio to 87.3% in the fourth quarter of 2020, despite incurring higher than average catastrophe losses. The combined ratio improved by 4.3 points from 91.6% in Q4 2019, while underwriting profit […]


Geo-Political, Risk Management

Surge in cat bond market set to continue in 2021

February 9, 2021

Via: Business Insurance

The catastrophe bond market saw robust activity last year as new sponsors and tightening retrocessional reinsurance capacity helped buoy the sector, and the trend is expected to continue. Both the 2020 top line issuance of $11 billion of property cat […]


Geo-Political, Risk Management

At $78bn, 2020 insured catastrophe losses 17% above 10-year average: Willis Re

February 2, 2021

Via: Artemis BM

Catastrophe losses covered by insurance and reinsurance reached $78 billion in 2020 according to Willis Re, which the broker sees as 17% above the 10-year average. The reinsurance broking arm of Willis Towers Watson (WTW) notes that the figure could […]