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Severe weather in the US last month cost insurers nearly $2 billion — making it the most costly month so far this year — nearly doubling the losses seen in previous months. According to Aon Benfield’s monthly Global Catastrophe Recap report, which r...

Reinsurance industry veteran Don Kramer is seeing an “explosion” in the insurance-linked securities (ILS) business, as investors opt to put their money into catastrophe bonds and the like, rather than set up new reinsurance companies. Speaking at th...

NEW YORK (Reuters) - Investors globally, from hedge funds to retirement systems, are looking to an obscure corner of the insurance industry to boost returns and avoid some of the swings that have plagued stock and bond markets in recent years. Their ...

The Bermuda Stock Exchange has surged past $4 billion in insurance-linked securities after giving listing approval to the largest ever single-peril catastrophe bond deal. Everglades Re Ltd, a Bermuda-based special purpose insurer, is the vehicle for ...

Platinum Underwriters Holdings Ltd said yesterday that it expects losses from severe weather in the US to have a negative impact of almost $25 million on its first-quarter financial results. The losses relate mainly to tornadoes and hailstorms in Ken...

The California Earthquake Authority's Bermuda-listed catastrophe bond has raised another $150 million. The Listing Committee of the Bermuda Stock Exchange (BSX) has approved the listing of the second issuance from Embarcadero Re. The capital will pro...

NEW YORK (Bloomberg) Reinsurance brokers say the most expensive year for natural disasters didn’t drive coverage prices higher across the industry when policies were renewed on January 1. Reinsurers’ strong capital base meant only insurance policies ...