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Idalia loss underscores reason for London/reinsurer retreat from low layer cat

Hurricane Idalia is still live, but the storm’s track reassured market participants that it will be a relatively minor loss, although one potential wild card is the damage it will cause to Georgia and South Carolina.

Rachel Dalton, 31 August 2023
BRP’s Juniper Re launches with ex-BMS Re exec Irvan as president

The executive brings more than 25 years of global reinsurance broking experience to the new company.

Kyoung-son Song, 17 October 2023
Ex-TC Jasper and Christmas storms cost A$743mn: ICA

The Insurance Council of Australia has estimated A$743mn ($489.6mn) of insured losses from Tropical Cyclone Jasper and the Christmas and New Year storms.

Jai Singh, 24 January 2024
Hurricane Otis will ‘have a negligible credit impact’ on Mexican (re)insurers: Fitch

The ratings agency also said economic and insured losses caused by Otis have reached $16bn.

Aisling Finn, 01 November 2023
High demand will keep cat bond spreads buoyant in 2024: Fermat

Fermat managing director Nelson Seo has forecast that continued high demand could push ILS issuance volumes even higher in 2024.

Fiona Robertson, 28 December 2023
Finance and insurance sectors most exposed to AI: UK gov

The sectors could see many job roles automated as technology advances.

Rachel Dalton, 29 November 2023
Live from Target Markets: Dave Halfpenny, Global Head of Underwriting, AXIS A&H

Dave Halfpenny offers his thoughts on the impact of inflation this year, and how climate change has the potential to impact accident and health.

Meg Green, 19 October 2023
Cyber Monitoring Centre launches with Martin as technical committee chair

The timeline for the centre launch was announced at last year's CFC Cyber Forum, in which CFC's then CUO described the launch as a “coming of age for the cyber market”.

Abbie Day, 18 January 2024
Tropical Storm Francine forms in the Gulf of Mexico

A hurricane watch is now in effect for the Louisiana coastline.

Danielle Ling, 09 September 2024
Industry on watch as Acapulco hotels, hospital sustain major damage

Videos and messages posted to social media show widespread devastation caused by the Category 5 hurricane.

Hal Stucker, 26 October 2023

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