Atlantic hurricanes News

RenaissanceRe Estimates Third Quarter Natural Catastrophe Losses of $155 Million

RenaissanceRe Holdings Ltd. announced it estimates losses from third quarter 2019 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter 2019 results. The estimated losses include Typhoon Faxai and Hurricane Dorian, which …

Everest Re Group Estimates Q3 Catastrophe Losses of $280 Million

Everest Re Group Ltd. announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2019 in the amount of $280 million. This amount is net of reinsurance recoveries and reinstatement premiums, said Everest Re, noting that net of …

Study Finds Northeastern U.S. Could See Increased Hurricane Activity

The Northeastern coast of the U.S. could be struck by more frequent and powerful hurricanes in the future due to shifting weather patterns, according to new research presented in a study led by Durham University in the U.K. This is …

Bond Managers Gain as Pension Funds Flock to Catastrophe Risk

Funds specializing in insurance-linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasn’t posted an annual loss. At Leadenhall Capital Partners in London, assets under management have doubled to …