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Hannover Re launches $13.75m parametric cat bond for cloud outage risk
Alternative Risk Transfer
Cumulus Re is the first-ever cat bond to cover losses arising from sustained cloud outage.   15 April 2024
Insurers have paid ¥74.4bn to end-March on Noto earthquake
Insurance
To-date payments puts the New Year’s event in 7th place on the Japanese earthquake ranking.   22 April 2024
PERILS pegs Babet-Aline storm damage at €691m in 6M update
Insurance
The British isles took the brunt of the storms at £474m, chiefly flood damage.   22 April 2024
Alternative Risk Transfer
The carrier worked via Armor Re, marshalled for issuance of the United Insurance group.   19 April 2024
Insurance
Lloyd’s & Arch also deny application of ICBR clause and further contest limits.   19 April 2024
Alternative Risk Transfer
ILS funds and hedgies from the US and Europe led the World Bank/IBRD deal.   18 April 2024
Insurance
The promotion reveals a drive for profitable expansion in Asia, London and the US.   18 April 2024
Insurance
Current margin looks ‘unsustainable’ as market competition ‘intensifies.’   18 April 2024
Insurance
The 35-year Pro-Fin vet brings pedigrees from Western World, Travelers, TM HCC, and USI.   19 April 2024
Insurance
The Aspen and Axis Re vet tapped Chaucer insiders, advancing modelling & risk gurus.   17 April 2024

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