After tumultuous eight hurricanes in two years between 2004 and 2005, we haven’t seen a hurricane in Florida for over 10 years. Has the state learned from those storms? Are the insurance companies ready? What about the independent adjusting companies, …
It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move the industry into …
The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess capital. Reinsurers and brokers …
The world’s largest reinsurers and brokers see little relief in pricing in 2016 amid a relentless influx of alternative capital from pension funds and one of the past decade’s quietest years for catastrophe losses. Rates for property/casualty reinsurance are expected …
The world’s biggest reinsurers, pushed by rising competition in existing markets, are preparing to insure against Dutch floods, a peril that centuries of experience have warned most in the Netherlands against. Swiss Re Ltd., the No. 2 reinsurer, is ready …
Estimated losses from Hurricane Sandy currently stand at over $16 billion (as reported by publicly traded companies) but are anticipated to reach $20 billion. Regardless of the final totals, international insurance companies are expected to cover roughly 50 percent of …
While primary insurers will likely shoulder most of the losses from Hurricane Sandy, the reinsurers might not go completely unscathed, based on recent experience. An analysis of catastrophe losses in the wake of Hurricane Irene, which also affected the New …