Trucks carrying humanitarian aid enter the Gaza Strip from Egypt in the southern Gaza town of Rafah, Wednesday, February 12, 2025. ABDEL KAREEM HANA / AP Israel announced Sunday, March 2, that it was suspending the entry of supplies into Gaza, and threatened “consequences” for Hamas if it did not accept a proposal for a … Read more
The global IT outage caused by a defective software update from CrowdStrike has highlighted the “persistent uncertainty” in the cyber catastrophe bond and insurance-linked securities (ILS) asset class, rating agency AM Best said, also highlighting that there is uncertainty surrounding the tail and potential for loss development, which it seems is misunderstood.On CrowdSrike, AM Best … Read more
By falling just short of mandating a complete ban on access to EU procurement by third-country economic operators not covered by international agreements, in Kolin Inşaat Turizm Sanayi ve Ticaret (C-652/22) (‘Kolin’), the Court of Justice has suddenly crystallised a change in EU procurement-related trade policy. Kolin will have many, and potentially quite problematic, practical … Read more
Catastrophe bond fund manager Icosa Investments has highlighted current uncertainty over the level of losses the market may face from hurricane Milton, but notes that while some principal losses seem likely there remains a high level of uncertainty over certain structures, especially aggregate cat bonds that have much of their risk periods left to run.The … Read more
Because the reinsurance and insurance-linked securities (ILS) market begins to look in the direction of year-end issuance, renewals and into 2025, Chris Minter, the brand new Head of Swiss Re’s Different Capital Companions (ACP) division, informed Artemis that one of many greatest challenges for ILS is the uncertainty and notion of the affect local weather … Read more
