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With predictions of $100 billion in insured losses, and reports of up to $12.5 billion of ILS capital trapped or lost, the third quarter is shaping up to be one of the most significant in recent years for the insurance industry. That is the view of t...

Aspen Insurance Holdings Ltd expects to take a $360 million hit from natural catastrophes that took place in the third quarter. The Bermudian insurer and reinsurer said $310 million of those losses were related to the three hurricanes that caused dev...

Investors will be lining up to put capital into insurance-linked securities after a year of huge catastrophe losses that will prompt an increase in rates. That is the view of Richard Lowther, chief operating officer of Bermudian-based Hiscox Re Insur...

Reinsurers’ earnings for the year have probably already been wiped out by industry catastrophe losses of more than $100 billion — and their capital could also be hit. That is the view of analysts at S&P Global Ratings, who believe that an improvement...

LOS ANGELES (Bloomberg) – The fires ravaging Northern California stand to leave the area’s renowned wine industry with damage that will be felt long after the final flames burn out. At least four Napa Valley vineyards have been destroyed or significa...

Bermuda market companies are likely to pay out at least $25 billion to cover insured losses resulting from hurricanes Harvey, Irma and Maria. That is the preliminary estimate of the Association of Bermuda Insurers and Reinsurers, which said today tha...

Greg Hagood didn’t have many details to work with last Thursday afternoon. Hurricane Irma wasn’t expected to make landfall in South Florida for another 64 hours. Projections for its path were all over the place, especially considering that a centimet...

Wind-related insurance losses from Hurricane Harvey are unlikely to exceed $6 billion and could end up being below $1 billion in some scenarios, risk-modelling firm RMS said on Friday. The hurricane made landfall in Texas over the weekend as a Catego...

Financial markets are showing some signs of volatility these days after exceptionally low indicators since the start of the 2017. The Chicago Board Options Exchange Volatility Index, or Vix, is at its highest level this year. The VVix Index, which me...

A new record of $24.5 billion in insurance-linked securities and other vehicles were listed on the Bermuda Stock Exchange by the middle of the year. The 16 per cent increase on the $21.22 billion listed at the end of 2016 was hit at the end of June —...

A $350 million catastrophe bond that will boost underwriting capacity for Bermudian insurer and reinsurer Axis Capital Holdings has been admitted to listing on the Bermuda Stock Exchange. The BSX also announced on Friday that a €40 million cat bond, ...

The insurance-linked securities market has hit a new high with of nearly $27.19 billion in the first quarter of the year. The figure for catastrophe bonds and ILS features in a report by industry news website Artemis.bm and beat the previous 2016 rec...