According to statistics from the BMA, the 29 SPIs registered in 2013 have anticipated premiums of just under $970 million and will write more than $7 billion over the next five years. 5 November 2013
Catlin has structured a $300 million cat bond, Galileo Re, which provides the re/insurer with fully collateralised coverage for named US storms, US and Canadian earthquakes and European windstorms for the coming three years. 5 November 2013
However, Guy Carp predicts that the conditions are ripe for a broader reinsurance community to respond positively with innovative and customised solutions. 4 November 2013
Hiscox increased its gross written premiums by 10.1 percent year-on-year to £1,370 million, driven by the strength of its insurance business. 4 November 2013
Old, bespoke IT systems are costing the insurance industry a third to a half more than they should, with standardisation the key to driving down costs. 1 November 2013
A ‘perfect storm’ in the business environment means that insurance asset management in North America is at an inflection point that presents a considerable learning opportunity, according to Nicholas Liolis. 31 October 2013
Extra-Tropical Cyclone Christian struck northern Europe this weekend, causing widespread damage that Eqecat estimates will be comparable to losses experienced following Windstorm Kyrill in 2007. 31 October 2013
The insurance-linked securities (ILS) market is set to have a record year and the pipeline for 2014 suggests that next year will be an even stronger vintage. 31 October 2013
With significant levels of convergence capital entering the cat market and reinsurers looking to take on more flood risk, there are significant opportunities for premium growth and risk mitigation says Brad Kading. 31 October 2013
The influx of pension fund interest in property catastrophe risk will test the resolve of reinsurers as they head towards January 1 renewals, with conditions further exacerbated by meagre investment returns. 31 October 2013
