News Home

Universal expects $300mn-$350mn Michael claims

The initial estimate has come in at half its current Hurricane Irma gross loss.

Hurricane Willa weakens to Cat 4

The latest NHC advisory update has put the hurricane at a level that will not be strong enough to trigger the Mexico's 2017 MultiCat cat bond.

Hannover Re and Munich Re differ on 1.1 rating outlook

Munich Re said there was growing pressure for underwriting discipline.

Reinsurance pool could shrink to less than a dozen players

Reinsurance buyer preferences may influence the direction of M&A, suggested panellists at the Baden-Baden Guy Carpenter symposium.

• HCI Group puts Michael losses at up to $18mn
• Willis: 80% of ILS investors say losses in line with expectations
• ILW specialist Alston Gayler sells to Miller
• Australia’s Future Fund lifts alternatives targets in past year
• Insurance investment products could help insurance gap: Lloyd's
• RMS puts Michael losses at up to $10bn

Opinion

Is it ever possible in reinsurance to get loss reserves 'just right'?

A certain loss is preferable for many in the industry than the cloud of possible liability

Lime Street’s gloomy pubs can benefit from daylight

Trading Risk view: Broker facilities may attract ILS capital but fee structures must be aligned

Analysis

Munich Re leads reinsurance share in Bay and Gulf counties

The Bay and Gulf counties in Florida are likely to the bear the brunt of Hurricane Michael losses.

First Protective and FedNat lead exposure in Bay/Gulf counties

A narrower view of exposures to Hurricane Michael suggests the two Florida insurers will bear the brunt of claims.

Michael exposure for ILS firms in high-risk Florida layers

Insured losses from Hurricane Michael have been estimated to fall within a wide $3bn to $10bn range.

Property business still a bright spot in E&S market after 2017 losses

US property excess and surplus lines will benefit from rate increases in 2018 after the segment took the brunt of losses in 2017.

Supplements

Investor Guide to ILS: H2 2018

The ILS market has quickly stabilised after last year’s catastrophe losses – but the fallout from Hurricane Irma has continued to push claims higher.

Trading Risk Awards 2018

Ten years ago, amid the turmoil of the global financial market crisis, the first Trading Risk awards ceremony was held.