USAA secures $450m of reinsurance with upsized Residential Re 2024-2 cat bond
Insurer USAA has now secured the upsized target of $450 million of multi-peril catastrophe reinsurance from its new Residential Reinsurance...
News
PERILS estimates storm Boris flood losses of ~€1.9bn, reveals change to methodology
Impacts from the severe flooding experienced across parts of Central Europe in September 2024 are estimated to have driven an...
Losses to firm property catastrophe renewals in North America, Europe at 1/1: Everest CEO
Everest Group’s CEO Juan Andrade said yesterday that his company is anticipating a firming of property catastrophe reinsurance rates in...
FHCF losses for Helene & Milton seen $1.6bn – $6.2bn, point estimate of $4.6bn
According to the administrators of the Florida Hurricane Catastrophe Fund (FHCF), losses to the fund that provides a reinsurance-like reimbursement...
Berkshire Hathaway pegs hurricane Milton loss at $1.3bn-$1.5bn, Helene at $565m
The insurance and reinsurance businesses of Warren Buffett’s Berkshire Hathaway suffered from hurricane losses in the third-quarter with Helene and...
USAA looks to upsize ResRe 2024-2 cat bond to $450m at lower pricing
We’ve learned that insurer USAA is aiming to upsize its latest catastrophe bond to provide $450 million of occurrence reinsurance...
144A property cat bond issuance nears $12.8bn, hits second-highest level ever
Already in 2024, the dollar amount of new Rule 144A property catastrophe bonds issued and settled has reached the second-highest...
November a “prime time” for making cat bond investments: Icosa
With the peak of the Atlantic hurricane season now passed the risk of this peril inflicting major losses on the...
SpEp Bevis Tetlow, CEO Imaginera: Building the future of big-ticket Insurance systems
3 hours agoTodays’ guest is a senior treaty underwriting executive with such a strong technical and systems background that he...
Ariel Re brings back Titania Re 2024-1 catastrophe bond with $175m target
Global reinsurance firm Ariel Re has returned to the catastrophe bond market looking to secure $175 million or more in...
