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A Bermuda lawyer has identified reinsurance trends that can alter the future of the ILS market in 2023

Catastrophe bond and issuance of insurance-linked securities fell by more than $1.5 billion in Q4 2022

A special session of the Florida legislature has led to insurance reforms that will bring relief to the state’s homeowners market, but capacity will likely remain limited with high reinsurance costs in the near future. That’s the view of rating agenc...

Hurricane Ian and other extreme weather events such as the winter storms in Europe, flooding in Australia and South Africa as well as hailstorms in France and in the US resulted in an estimated $115 billion of natural catastrophe insured losses this ...

Restricting capacity has led Fitch Ratings to forecast a double-digit bump in reinsurance rates for the property catastrophe business at January renewals, significant as some 60 to 70 per cent of non-facultative reinsurance business is up for renewal...

Bermuda-based special-purpose insurer Herbie Re Ltd has listed $80 million worth of notes on the Bermuda Stock Exchange. The Series 2022-1 notes are due on January 8, 2027, the BSX said in a statement. The listing sponsor is Clarien BSX Services Ltd...

PartnerRe today reported on the “significant industry event” that was Hurricane Ian, but said the net loss attributable to common shareholder of more than $1.5 billion for the first nine months of the year (2021 9m: $317 million profit), was due to u...

Bermuda reinsurer RenaissanceRe Holdings Ltd. has posted a third-quarter net loss of $825.3 million. The company said Hurricane Ian and certain other catastrophe events contributed to a $648.4 million net negative impact on the net loss attributable ...

Axis Capital Holdings Limited has reported a net loss attributable to common shareholders of $17 million and operating income of $3 million in the third quarter. That compares with net income of $47 million and operating income of $1 million in the t...

An active catastrophe quarter and volatile market conditions drove a net operating loss of $205 million and a net loss of $319 million in the third quarter for Everest Re Group Ltd. That compares with a third quarter 2021 net operating loss of $53 mi...

Everest Re Group Ltd is estimating total pre-tax net catastrophe losses of $730 million for the third quarter. About $600 million is attributed to Hurricane Ian, which made landfall on the west coast of Florida on September 28, with $500 million attr...

Bermudian-based RenaissanceRe Holdings Ltd has estimated that losses from certain 2022 catastrophe events will have a net negative impact of approximately $650 million on the company’s third-quarter results. This estimate is primarily driven by the n...