Keyword
catastrophe bonds
Cat bonds including Canadian coverage totalled $2.8 billion in first nine months of 2017: PCS
October 12, 2017 by Canadian UnderwriterSponsors raised $2.8 billion through catastrophe bond transactions that included Canada, “the most robust year in catastrophe bond market history,” Property Claims Services (PCS) said in a new report. Bigger and More Mature: PCS Q3 2017 Catastrophe Bond Report was…
Catastrophe bonds sponsored by Florida property insurers ‘could trigger’ due to Irma claims: A.M. Best
September 13, 2017 by Canadian UnderwriterHurricane Irma could trigger catastrophe bonds sponsored by American insurers with significant exposure in Florida, A.M. Best Company Inc. suggested in a briefing released Tuesday. The United States National Weather Service reported Wednesday that Irma is now a post-tropical cyclone…
Expected insured losses from present-day Hurricane Andrew would total US$56 billion: AIR Worldwide
August 21, 2017 by Canadian UnderwriterIf Hurricane Andrew were to occur today, 25 years after its original landfall, the expected total industry insured losses (based on today’s exposures) would be approximately US$56 billion in the United States, catastrophe risk modelling firm AIR Worldwide reported on…
Cat bonds with coverage for Canada in the first half of 2017 totalled $2.7 billion: PCS
July 5, 2017 by Canadian UnderwriterSponsors completed six catastrophe bonds with coverage for Canada in the first half of 2017, raising $2.7 billion through transactions that included Canada, Property Claim Services (PCS) said in its PCS H1 2017 Catastrophe Bond Report. The first cat bond,…
Global reinsurer capital up by 5% to US$595 billion as of year-end 2016: Aon Benfield
April 11, 2017 by Canadian UnderwriterGlobal reinsurer capital rose by 5% to US$595 billion at Dec. 31, 2016, according to the latest edition of the Aon Benfield Aggregate (ABA) report. The report, released on Tuesday, highlights trends in property and casualty reinsurance through the analysis…
ILS sector set to gather pace after subdued 2016: Aon study
January 23, 2017 by Canadian UnderwriterThe insurance-linked securities (ILS) sector is set to gather steam this year, with a record amount of catastrophe bonds to mature in the first half of 2017, according to a new report from Aon Securities. Aon Securities, the investment banking…
Canadian risk beginning to feature “fairly prominently” in cat bond market: PCS
January 4, 2017 by Canadian UnderwriterCanadian risk has begun to feature “fairly prominently” in the catastrophe bond market, with three cat bonds issued last year, according to Property Claim Services’ (PCS) full-year cat bond report for 2016. The report, titled Strong Finish: PCS FY2016 Catastrophe…
Canadian insurers ‘in a tough time for investments,’ A.M. Best analysts warn
November 15, 2016 Greg Meckbach, Associate EditorMergers and acquisitions in the reinsurance sector sometimes involve carriers acquiring managing general agents, while in Canada, M&As have involved insurers trying to “beef up certain parts of their enterprise,” analysts from A.M. Best Company Inc. suggested at a recent…