Reinsurance
Presenting: The World’s First CAT Bond for Volcanic Eruptions
The Danish Red Cross is offering the world's first catastrophe bond for volcanic eruptions, which is designed to improve the provision and efficiency of humanitarian relief after eruptions of 10 ...
UFG Insurance Will Diversify Risk Profile Through U.S. Reinsurance Expansion
UFG Insurance is looking to diversify across the U.S. by expanding into assumed reinsurance business – partly via quota share arrangements, such as the recently announced deal with Topsail Re, a ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
Tokio Marine: 2021 Material Impact Unlikely From Greensill Capital Collapse
Japanese insurer Tokio Marine Holdings Inc said on Tuesday it currently expects no material impact on its results for the fiscal year starting next month as a result of its exposure to the fallout of ...
Australia Set to Rescue Thousands From Sydney’s Worst Floods in 60 Years
Australia was set on Monday to evacuate thousands more people from suburbs in Sydney's west, battered by the worst flooding in 60 years, with torrential rains expected to continue for another day or ...
Global Warming Could Slash the Credit Ratings of 63 Countries: Study
A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody's and Fitch - could see their credit ...
In Ratings Agency First, A.M. Best Joins UN Program for Sustainable Insurance
AM Best became a signatory of the United Nations Environment Programme's (UNEP) Principles for Sustainable Insurance (PSI). The insurance industry plays an important role in supporting sustainable ...
COVID-19 Forces Cancellation of Monte Carlo Reinsurance Rendez-Vous for Second Year
Organizers of the reinsurance Rendez-Vous de Septembre (RVS) have decided to cancel this year's conference as a result of the ongoing COVID-19 pandemic, just as they did in 2020. "The pandemic is ...
Citizens’ CEO: Florida Market Is in Dire Straits
Florida's insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new policies flood into it each week and the private homeowners insurance ...