Reinsurance
Natural Catastrophe Claims Outpaced COVID-19 During 2020 First Half: Fitch Ratings
Here's some pandemic perspective: COVID-19-related claims were not the biggest driver of the North American P/C insurance industry's overall combined ratio during the first six months of 2020. ...
Hurricane Laura Rivals Katrina’s Threat to US Oil Industry
Oil production shutdowns in the U.S. Gulf of Mexico are approaching the level of 2005's Hurricane Katrina, and coastal refiners on Tuesday scrambled to cut processing ahead of a major hurricane ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Hedge Fund Makes $3B From Bet on Wildfire Insurance Claims
Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires, ...
Pandemic Accelerating Volatile 2020 Political Risk Landscape: Marsh JLT Specialty
The global COVID-19 pandemic has exacerbated an "already volatile political risk landscape," according to a midyear update to Marsh JLT Specialty's Political Risk Map 2020. In fact, all 197 countries ...
Marco Capital Will Pursue European P/C Runoff Opportunities
Newly-launched Marco Capital Holdings Limited plans to pursue property/casualty insurance run-off opportunities in Continental Europe, the UK and Lloyd's of London. Marco enters the European run-off ...
Post-Brexit Negotiations Between Britain, EU Hit Stalemate
Britain and the European Union made scant progress towards a deal on future ties in talks last week, and their chief negotiators blamed each other for the stalemate as time ticks down to an ...
One Tropical Storm Weakens; Another Poised to Become a Hurricane
Tropical Storm Laura was strengthening in the Caribbean and poised to accelerate into a hurricane by Tuesday while Tropical Storm Marco weakened sooner than expected, sparing the U.S. Gulf Coast from ...
Residents, Oil Production at Risk From Twin Storms Taking Aim at U.S. Coast
Coastal residents in low-lying areas of Louisiana and Cuba were evacuating on Sunday, while roads turned to rivers in Haiti's capital city, as twin hurricanes threatened the Caribbean and U.S. Gulf ...