Investment manager Twelve Capital has issued an updated event report related to hurricane Helene’s impacts, saying that it still believes direct losses to per-occurrence catastrophe bonds are unlikely, but also notes that it is closely monitoring the NFIP FloodSmart Re cat bonds that cover named storm induced flooding.Last week, after major hurricane Helene had made … Read more
Hurricane Francine’s losses after its landfall in Louisiana should not anticipated to trigger any losses to per-occurrence disaster bonds, however the losses could also be ample to trigger additional attrition for mixture cat bonds, leading to an extra erosion of the deductibles that sit beneath their attachment factors, in accordance with Twelve Capital.Specialist insurance-linked securities … Read more
Talking throughout a briefing prematurely of the 2024 Monte Carlo Rendez-Vous occasion immediately, executives from Aon’s Reinsurance Options highlighted their expectation that the upper layers of property disaster packages will probably be aggressive on the renewals, with softening of charges anticipated.Aon’s senior reinsurance executives reiterated the messaging we reported earlier, that they’re searching for reinsurers … Read more
New sponsors ought to proceed to come back to the disaster bond and insurance-linked securities (ILS) market by the rest of 2024 and into 2025, whereas inflows of different capital are anticipated to proceed, in response to Man Carpenter’s CEO of EMEA and World Capital Options, Laurent Rousseau.Talking this afternoon throughout a Man Carpenter briefing … Read more
Storm Shanshan struck Japan’s southern island of Kyushu yesterday and whereas it’s being known as one of many strongest storms to hit the nation in a long time, the final word impression to reinsurance markets is anticipated to be minimal, whereas disaster bonds and different insurance-linked securities (ILS) are anticipated to be largely or fully … Read more
