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The alternative risk transfer, catastrophe bond, insurance-linked securities, weather risk and reinsurance news blog
The alternative risk transfer, catastrophe bond, insurance-linked securities, weather risk and reinsurance news blog

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According to our sources, an event notice has been filed on behalf of Safepoint Insurance Company, the sponsor of the Manatee Re Ltd. (Series 2016-1) catastrophe bond, revealing the initial estimate of the insurers hurricane Irma losses that qualify under…
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Parametric risk transfer contracts sold by specialist managing general agent New Paradigm Underwriters settled within nine days of Hurricane Irma’s landfall in Florida.
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The amount of convergence capacity in reinsurance, so the capital in insurance-linked securities (ILS) funds, reinsurer sponsored third-party capital vehicles such as sidecars and from direct institutional investors, continues to grow but the pace of…
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The Pacific Alliance trade bloc in Latin America continues to work towards its first catastrophe bond issue, with reports suggesting that progress continues to be made with the assistance of the World Bank and 2018 mooted as a potential year for issuance.
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The dollar amount of insurance claims filed and calculated after hurricane Irma jumped 57% in just a few days, now passing $3 billion and with almost 500,000 claims now filed, according to the Florida Office of Insurance Regulation.
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Availability of reinsurance capacity and access to it is increasingly important in a longevity risk transfer market, where pension and insurer appetite to offload longevity risks keeps increasing, but reinsurance capacity and pricing can sometimes be…
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Primary insurance giant Allstate has begun to eat into its reinsurance protection after suffering an estimated $576 million of gross catastrophe losses, pre-tax, due to the impacts of hurricane Harvey.
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According to market sources, both traders and ILS fund managers, following the impacts of hurricanes Harvey and Irma a number of industry-loss warranty (ILW) contracts are expected to payout, with the total at risk seen as in the billions.
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In an interview with Artemis at the 2017 Monte-Carlo Reinsurance Rendez-vous, Victor Peignet, Chief Executive Officer (CEO) of SCOR Global P&C, discussed the potential but uncertain impact of hurricane Irma on the softening market, and also what it might…
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The insurance and reinsurance industry loss due to the impacts of hurricane Irma on the Caribbean islands and the United States is estimated to be up to $55 billion by catastrophe risk modeller RMS, with economic losses expected to be up to $95 billion.
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