Reinsurance
Some ILS Money Irrational; Trad’l Re Mkts Adding Terror to Cat Cover: CEO
The once responsible insurance-linked securities market is showing signs of being overheated and irrational, the chief executive of the holding company for a Bermuda-based reinsurer said on Friday. ...
S&P Announces Ratings for Cat Bonds: Kilimanjaro Re Ltd. and Sanders Re. Ltd.
On Thursday, Standard & Poor's Ratings Services announced ratings for catastrophe bonds sponsored by Everest Re and Allstate. Kilimajaro With respect to the Everest Re bonds, S&P assigned ...
Citizens Board Okays $3.1B Re Package; Includes Largest Cat Bond in History
Continuing its efforts to reduce assessment risk, the Board of Governors of Citizens Property Insurance Corporation on Thursday approved a $3.1 billion risk transfer program for the 2014 hurricane ...
Former EQECAT President Keogh Now at Ultimate Risk Solutions, LLC
Bill Keogh, who left EQECAT last year to join TigerRisk Partners, has now left the reinsurance brokerage to become chief executive officer of Ultimate Risk Solutions, LLC. Ultimate Risk Solutions is ...
El Niño and Hurricanes By the Numbers: Assured Research Analysis
Forecasters are weighing in on the chances of an El Niño event developing later this year, with some assigning probabilities as high as 65 percent. But what exactly does that mean for U.S. property ...
Everest Re Preps Close On Its 1st Catastrophe Bonds
In spite of a challenging market, Everest Re Group Ltd. demonstrated resiliency and a willingness to adapt, recording increased premiums in the first-quarter of 2014. The Bermuda holding company also ...
Allied World Reports Record Underwriting Income
Allied World Assurance Co. Holdings reported an 11.4 percent jump in net income during the 2014 first quarter, as the overall combined ratio for the company fell just below 80. Scott Carmilani, ...
Q1 Return for ‘Independent’ Aspen Nears 15%; Full-Year Target 10%
Aspen Insurance Holdings reported an annualized operating return-on-equity of 14.8 percent for the first quarter on Thursday, also giving double-digit forecasts for future years—targets which its ...