This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. If now major hurricane Milton results in “material” losses for reinsurance capital providers, analysts at KBW have said that this could change the expected trajectory of property catastrophe reinsurance pricing at renewals in 2025. After the recent Monte Carlo Rendez-Vous industry event, the expectation was set that property catatsrophe reinsurance rates would likely decline in […] Material hurricane Milton losses could change 2025 property reinsurance price trajectory: KBW was pub ..read more

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. CoreLogic has now updated its insurance market loss estimate for hurricane Helene to include losses to the National Flood Insurance Program (NFIP), now putting the total in a range from $10.5 billion to as much as $17.5 billion. Initially, CoreLogic had estimated insured private market property losses from hurricane Helene’s winds and storm surge across […] Hurricane Helene insured loss estimate now $10.5bn – $17.5bn including NFIP: CoreLogic was published by: www.Artemis.bm Our ca ..read more

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While the majority of industry losses from hurricane Helene are expected to fall below primary insurers reinsurance attachment points, any that do flow to reinsurers should be able to be absorbed within earnings thanks to the structural changes of the reinsurance reset, S&P Global Ratings has said. S&P said that, “Early insured loss estimates of […] Reinsurers (and ILS) can absorb any hurricane Helene losses within earnings: S&P was published by: www.Artemis.bm Our cata ..read more

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Public and private insurance market losses from all perils associated with hurricane Helene “will likely reach at least into the higher single-digit billions,” according to Aon’s Impact Forecasting division. The company said that total economic losses will be notably higher and also noted that hurricane Helene has now become one of the deadliest in US […] Hurricane Helene private/public insured losses likely at least in higher single-digit billions: Aon was published by: www.Artemi ..read more

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. A new parametric insurance startup has been launched named Adaptive Insurance with an initial product that protects against power outages, one of the first companies to emerge from climate tech incubator Montauk Climate. Adaptive Insurance has launched as a tech-focused parametric insurance platform with a mission to deliver economic resilience for businesses, by helping them […] Parametric startup Adaptive Insurance launches with GridProtect power outage cover was published by: ww ..read more

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. In conversations with sources in the reinsurance, catastrophe bond and insurance-linked securities (ILS) investments space, it seems some nerves are beginning to emerge over hurricane Helene’s potential to attach certain contracts, as data points begin to suggest a growing claims burden that could result in industry losses creeping higher. While we’ve started to see some […] Some nerves evident as Helene’s Florida claims outpace Idalia, State Farm’s outpace Ian, & on NFIP was p ..read more

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While the expectation continues to be that prices will soften off their highs somewhat at the January 2025 reinsurance renewals, analysts at J.P. Morgan say they expect this will only be at “small scale”. The reinsurance market turn seen in 2023, when prices reset higher, while attachments and terms were reset at more sustainable levels […] Only “small scale” reinsurance renewal softening seen for January 2025: J.P. Morgan analysts was published by: www.Artemis.bm Our catastrophe b ..read more

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Liberty Mutual Reinsurance (Liberty Mutual Re) has again partnered with seismic sensor tech-provider Safehub to provide what they are calling the first sensor-based parametric earthquake insurance cover in the United States, with the policyholder being the University of California. Previously, the companies had announced a partnership to deliver building-specific, sensor-based, parametric earthquake re/insurance product that […] Liberty Mutual Re backs first US sensor parametric qu ..read more

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While it has been growing its cyber underwriting business, specialist insurer Beazley has also implemented a robust hedging strategy to control the tail, recently securing a $290 million cyber industry loss warranty (ILW) cover and securing its third PoleStar Re cyber catastrophe bond. As Artemis reported a few weeks ago, Beazley secured $210 million in […] Beazley adds $290m cyber ILW to its $510m cyber cat bonds, in $1bn cyber cat coverage was published by: www.Artemis.bm Our cat ..read more

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Moody’s RMS Event Response is the latest to provide an estimate for insurance market losses caused by recent severe flooding across parts of central Europe in September, giving a slightly more expansive footprint of the event than others, to land at an estimate for insured losses of between €2.5 billion and €3.5 billion (US $2.8bn […] Central Europe flood insurance market loss estimated $2.8bn – $3.9bn: Moody’s RMS was published by: www.Artemis.bm Our catastrophe bond deal director ..read more