Suliman Mulhem

A remote possibility

Covid-19 has propelled the (re)insurance world into the 21st century, writes Suliman Mulhem, with remote working likely to persist for some and a five-day week becoming history for others.

Suliman Mulhem, 04 August 2020

Tropical Storm Isaias causing heavy rainfall, strong winds in Puerto Rico

Puerto Rico, the US and British Virgin Islands and other territories are under storm warning.

Suliman Mulhem, 30 July 2020

KCC pegs Hurricane Hanna insured losses at around $350mn

The estimate includes privately insured wind and storm surge damage to homes, commercial properties and cars, but not NFIP losses.

Suliman Mulhem, 28 July 2020

Hurricane Douglas moving away from Hawaii

The storm remained offshore but lashed Kauai with rain.

Suliman Mulhem, 27 July 2020

Lee to join Lockton after leaving Aon

Following two decades at Aon Benfield, he will join Lockton sometime next year after his gardening leave.

Suliman Mulhem, 20 July 2020

Aon: Reinsurance capacity holds up in H1 but challenges loom

Cat programmes have been completed this year, but a heavy hurricane season could shake up the market, the broker said.

Suliman Mulhem, 14 July 2020

US July cats cause insured losses in the hundreds of millions of dollars

Several US states were hit by tornadoes, heavy rainfall and large hail in July.

Suliman Mulhem, 10 July 2020

US insured cat losses in June near $1.7bn: Aon

US cat events in June resulted in some 250,000 insurance claims being filed and four deaths.

Suliman Mulhem, 09 July 2020

Insurance premium volumes to return to pre-Covid levels in 2021: Swiss Re

Non-life lines have fared better than life products and premium volumes may fully recover in 2021.

Suliman Mulhem, 09 July 2020

Kingstone scales back reinsurance cover amid rate increases

The Northeast P&C insurer said it is expecting AM Best to review its financial strength rating in response to the cutback.

Suliman Mulhem, 07 July 2020

Covid not a capital event for reinsurers: Willis Re

The investment hit to the industry has nearly been erased, while capital raising is approaching the scale set by the class of 2005 start-ups.

Suliman Mulhem, 02 July 2020

Convex seeking $150mn of limit from new Hypatia Re cat bond

The two-tranche deal will provide US storm and Canadian quake cover.

Suliman Mulhem, 30 June 2020

Lockton appoints Pan managing director to grow structured finance practice

The role at Lockton's Capital Markets unit is targeted at bringing together insurance and alternative asset management industries.

Suliman Mulhem, 24 June 2020

Fidelis’ capital surpasses $2bn after latest fundraise

Fidelis has raised over $1bn so far this year from a series of equity and debt raises.

Suliman Mulhem, 18 June 2020

Reinsurance tech platforms won't get in the way of relationships: panel

While many brokers are embracing clearing platforms, some firms feel threatened by the technology.

Suliman Mulhem, 11 June 2020

Citizens’ private reinsurance costs rise 20%

The carrier only bought $620mn of new private reinsurance limit as it didn’t want to lock in multi-year cover at current rates.

Suliman Mulhem, 05 June 2020

FedNat grows reinsurance programme to $1.9bn

The Florida-based insurer’s spend rose by 17 percent to $262mn.

Suliman Mulhem, 02 June 2020

UPC secures $3.3bn cascading reinsurance renewal

The carrier retained more risk in the first layer of its programme.

Suliman Mulhem, 02 June 2020

Floridians reissue subscription pricing as hardening accelerates

Aggregate market pricing could now be up 30 percent, with distressed clients forced to pay considerably more.

Fiona Robertson, 28 May 2020

Welcome to Florida sign with palm trees in background

FHCF drops $920mn reinsurance cover in tight Florida market

The state-backed reinsurer's treaty was led by RenRe and Swiss Re in 2019.

Suliman Mulhem, 28 May 2020

Palomar boosts cat treaty to $1.4bn

The Californian insurer said rising reinsurance costs were digestible.

Suliman Mulhem, 19 May 2020

Florida Citizens drops coastal cat bond cover as rate rises bite

The carrier will only issue the smaller of its two planned deals.

Suliman Mulhem, 19 May 2020

UPC signs up new reinsurers as treaty renewal progresses

CEO John Forney says the renewal will be done with manageable price increases.

Suliman Mulhem, 07 May 2020

FedNat says reinsurance rates had to change

The Floridian insurer said previous reinsurance rates were not sustainable for its partners.

Suliman Mulhem, 06 May 2020

Heritage says majority of reinsurers have upped capacity offers

The Floridian said reinsurers face "real credit risk" on some of the poorer performing carriers in the state.

Suliman Mulhem, 05 May 2020

Universal exhausts private reinsurance on Irma loss creep

The carrier has $1.3bn of public reinsurance cover remaining.

Suliman Mulhem, 28 April 2020

Final threshold met for World Bank $133mn pandemic bond payout

The institution will make a net gain of $60mn on the transaction.

Suliman Mulhem, 20 April 2020

Covid-19 pandemic yet to trigger $320mn pandemic bond, World Bank confirms

The growth rate criterion remains the only outstanding criterion that needs to be met.

Suliman Mulhem, 14 April 2020

UPC withdraws Armor Re II cat bond

The carrier failed to secure sufficient investor interest for the transaction.

John Hewitt Jones, 19 March 2020

FedNat lifts Irma, Michael losses by 5% to $1.35bn

The company also added 5.5 percent, to its Hurricane Michael losses, taking the total to $479mn

Lucy Jones, 04 March 2020

Suliman Mulhem

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