Mexico Catastrophe Bond Likely to Pay on Hurricane Patricia’s Losses: S&P November 5, 2015 By Sebastian Boyd Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after...
Mexico’s Hurricane Patricia May Hit Catastrophe Bondholders October 27, 2015 By Sebastian Boyd Mexico’s natural disaster fund may be $100 million better off at bondholders’ expense after Hurricane Patricia appeared to trigger a...
Midyear Renewals Show Early Signs of Price Stabilization: JLT Re Report September 16, 2015 Downward pricing pressures eased during the June 1 and July 1 renewals – the first time since January 2013 –...
Reinsurers Seek New Markets, Underinsured Risks to Ease Price Pressures September 14, 2015 By Jonathan Gould Major reinsurers like Munich Re, Swiss Re, Hannover Re are looking to new markets and selling more cover to existing...
New ILS Records Set During 12 Months Ended June 30: Aon Securities Report September 11, 2015 Annual catastrophe bond issuance reached $7.0 billion – a decrease on the record-breaking prior year ($9.4 billion), yet still the...
S&P: ILS Investors Could Get Burned as Covered Perils Expand, Terms Widen August 19, 2015 By L.S. Howard The catastrophe bond market will continue to grow by 10 to 20 percent per year, driven in part by the...
Public-Private Catastrophe Scheme in UK Would Help Mitigate Cyber-9/11: Study July 31, 2015 By L.S. Howard A public-private, cyber-catastrophe reinsurance arrangement would improve the UK’s resilience against the growing threat of cyber risks in this interconnected...
Update: AXIS Capital, PartnerRe Sweeten Deal with Higher Special Dividend July 16, 2015 By Ankur Banerjee and Sudarshan Varadhan Specialty insurer and reinsurer AXIS Capital Holdings Ltd and PartnerRe Ltd agreed to sweeten the terms of their merger agreement...
Price Declines Slow on June U.S. Reinsurance Renewals: Guy Carpenter June 5, 2015 After two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most...
A.M. Best: London Market Insurers Face Challenges; Balance Sheets Strong June 2, 2015 Trading conditions are difficult in the London market as insurers contend with changing buying habits, an influx of alternative capital...