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Insurance
Hurricane Irma poses risk to 13 rated cat bonds
Hurricane Irma, which is set to hit Southeastern Florida late Saturday (Sept. 9) or on Sunday poses a risk to 13 rated catastrophe bonds, according to S&P Global Ratings.   8 September 2017
News
Reinsurers’ returns just 1.2% above their cost of capital
In the first half of 2017, the reinsurance sector generated returns only 1.2 percent above its cost of capital, according to a new report by S&P Global Ratings.   5 September 2017
Insurance
Lancashire reveals senior promotions in London and Bermuda
Specialty re/insurance provider Lancashire Holdings has filled up key vacancies with three senior underwriting promotions from within.   1 September 2017
Insurance
Lloyd’s syndicates counter Kanye West $10m lawsuit claims
Lloyd’s syndicates facing a $10 million lawsuit by US rapper Kanye West over a cancelled tour have countered his claims they believe are invalid.   31 August 2017
Insurance
Swiss Re head of cyber explains the reinsurers’ cautious approach
While cyber demand is on the rise, Swiss Re takes a cautious approach in underwriting and suggests insurers should do the same as the ‘cybergeddon’ is yet to happen.   31 August 2017
Insurance
Cat bonds have likely escaped Harvey's wrath
While several catastrophe bonds have exposure to areas affected by Hurricane Harvey, it is unlikely any bonds will be triggered by losses resulting from the hurricane, according to S&P Global Ratings.   29 August 2017
Insurance
Harvey may stabilize pricing but no hard market predicted
Losses resulting from Hurricane Harvey and the subsequent flooding following the event could help stabilize re/insurance rates but will unlikely be enough to trigger increases.   29 August 2017
Insurance
Hurricane Harvey loss estimates vary but could reach $20bn
Loss estimates from Hurricane Harvey continue to vary widely as analysts and risk modelling agencies attempt to assess the impact from the storm and ongoing flooding in the state of Texas. Estimates range from $20 billion at the upper end to the low billions though these exclude flood losses.   29 August 2017
Insurance
Insurers will bear brunt of Harvey losses; downgrades possible
Based on the initial loss estimates relating to Hurricane Harvey, primary insurers - as opposed to reinsurers - will bear the brunt of the covered losses from Hurricane Harvey, according to S&P Global Ratings. But the rating agencies also stressed that some companies will be better able to absorb the losses than others.   29 August 2017
Insurance
Western World appoints Endurance exec as vice president
Bermuda-based re/insurer Validus Holdings has appointed Troy Fornof as vice president of underwriting and marketing, contract division, at Western World Insurance Company.   29 August 2017

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