reinsurance

LA wildfires could stabilise or increase US reinsurance and retro rates: Euler ILS Partners – Go Health Pro

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LA wildfires could stabilise or increase US reinsurance and retro rates: Euler ILS Partners – Go Health Pro

According to independent insurance-linked securities (ILS) investment manager Euler ILS Partners, the Los Angeles, California wildfires could have a significant impact on US pricing, especially if insurance industry losses were to exceed $30 billion.As we’ve been reporting, official reports state that over 17,000 structures have been damaged or destroyed by the wildfires, and the first … Read more

Ruby Re life reinsurance sidecar fees already meaningful: RGA execs – Go Health Pro

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Ruby Re life reinsurance sidecar fees already meaningful: RGA execs – Go Health Pro

According to senior executives at Reinsurance Group of America (RGA), the fee income flowing to the company from its third-party capitalised Ruby Re life reinsurance sidecar is already meaningful and while a new transaction was ceded to the sidecar in Q3 last year, the structure still had around two-thirds of its capital and capacity left … Read more

Mercury says TBC whether LA wildfire losses one event or two under its reinsurance – Go Health Pro

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Mercury says TBC whether LA wildfire losses one event or two under its reinsurance – Go Health Pro

Mercury General Corporation, one insurance company with meaningful exposure to claims from the Los Angeles, California wildfires, has said today that it has not yet determined whether it will consider the fires as two separate events under its reinsurance arrangements.Previously, Mercury had explained that it expected the California wildfires would result in losses for the … Read more

CEA targets $200m of quake reinsurance with Ursa Re 2025-1 catastrophe bond – Go Health Pro

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CEA targets 0m of quake reinsurance with Ursa Re 2025-1 catastrophe bond – Go Health Pro

The California Earthquake Authority (CEA) has returned to the catastrophe bond market to sponsor its first issuance since late 2023, seeking $200 million or more in multi-year collateralized California earthquake reinsurance protection from the capital markets through this Ursa Re Ltd. (Series 2025-1) issuance.The CEA last sponsored a catastrophe bond in December 2023 and in … Read more

Mercury says LA wildfire losses to exceed reinsurance retention – Go Health Pro

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Mercury says TBC whether LA wildfire losses one event or two under its reinsurance – Go Health Pro

Insurer Mercury General Corporation has said that it expects the ongoing wildfires in Los Angeles, California will result in losses for the company that will exceed its reinsurance retention of $150 million.It will be some time until Mercury has an estimate for its ultimate losses from the ongoing wildfire event, the company said today. But, … Read more