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Reduced re nat-cat capacity will make P&C results more volatile: Moody’s

As a result of reinsurers’ cutting back their nat-cat capacity and increasing prices, primary insurers have had to retain more risk.

Aisling Finn, 01 September 2023
Upstream market fears Pemex loss could hit $700mn

Investigations have revealed more damage than first thought from the July explosion.

Samuel Casey, 01 September 2023
The Week in 90 Seconds: Hurricane Idalia; Digital arms race; Vesttoo recap

Plus the latest people moves and all the top news of the week.

Ayesha Venkataraman, 01 September 2023
Vesttoo judge approves $3.5mn staff payouts

A committee of unsecured debtors was appointed, including Markel, Clear Blue, Porch’s HOA, United Automobile Insurance and Proventus.

Jairo Ibarra, 01 September 2023
Markel Bermuda named as Vesttoo creditor over fraudulent LOCs

Markel Bermuda entered into two collateralized reinsurance transactions with White Rock for the benefit of a segregated account owned by a Vesttoo affiliate.

Thorsten Schier, 31 August 2023
White Rock seeks discovery from HK investor Yu Po in Vesttoo case

The Aon transformer is seeking information on the origins of alleged fraudulent letters of credit.

Fiona Robertson, 31 August 2023
China issues warning as super typhoon approaches Hong Kong

Super Typhoon Saola has the potential to be one of the five largest typhoons to land in Guangdong in over 70 years, according to reports.

Jai Singh, 31 August 2023
US-Bermuda reinsurers should sustain or improve underwriting in 2023: AM Best

The ratings agency said there had been no capital inflows through new company formations.

Samuel Casey, 31 August 2023
Idalia likely to increase Hurricane Ian challenges: Moody’s

Moody’s said most losses from Idalia are likely to arise from homeowners and commercial property lines.

Aisling Finn, 31 August 2023
Modest California Hilary losses could be amplified by regulatory uncertainty

For insurers, the Golden State is one of the last places they want to face disputes or lawsuits with consumers.

Kyoung-son Song, 25 August 2023

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