New bill to create $50bn federal backstop for catastrophe reinsurance

Democrat Representative Adam Schiff has proposed legislation in the US House of Representatives that would create a $50 billion federal backstop for catastrophe reinsurance.

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Insurance

Catastrophe insurance data firm PERILS to include New Zealand in coverage

1 November 2019 PERILS, a Zurich-based company providing industry-wide catastrophe insurance data, has extended its market coverage to include New Zealand.

Alternative Risk Transfer

Catastrophe bond market reaches $30bn milestone

7 September 2018 The catastrophe bond limit on-risk has reached $30 billion during the 12 months to June 30, 2018 – an increase of $4.2 billion from the prior year period, and a new record for the sector, Aon noted in the report titled 'Alternative Capital Fortifies Its Position'.

News

Catastrophes rates up 15.9 percent, says Amlin

7 February 2012 Catastrophe rates have increased by an average of 15.9 percent at the January renewals, for Amlin's Bermuda and London businesses.