Monthly Archives: June 2017

Risk of Florida hurricanes is 29% above average

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It is now late enough in the year to get good readings on the two meteorological conditions that are known to correlate with hurricane activity. NASA's Tim Hall has run his model to predict a 29% higher frequency of hurricanes in Florida...

News review | June 26 2017

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The World Bank’s International Bank for Reconstruction and Development (IBRD) has raised the target size of its first pandemic cat bond from $100m to potentially as high as $400m. It is now understood to be raising up to $400m...

News review | June 19 2017

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The lines between traditional brokers and insurers are becoming blurred as a result of alternative capital, according to John Doyle, Marsh president. Speaking at the MMC Young Professionals' Global Forum, Doyle said: "We'll see traditional...

Excess capacity in this year’s Florida market

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The Florida peninsula is the most important market for property reinsurance in the world. Each summer, the third most populous state in the union braces itself for another Atlantic hurricane season. In Florida’s esoteric...

News review | June 12 2017

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Italian and global insurance giant Assicurazioni Generali SpA is making its third visit to the cat bond market with a €200m Lion II Re DAC transaction, as it seeks reinsurance protection against European perils including flood...

News review | June 05 2017

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Reinsurance rates fell for the sixth consecutive year at the 1 June 2017 renewal. JLT Re’s Risk-Adjusted Florida Property-Catastrophe ROL Index decreased by 5.1% this year, a greater average reduction than last year’s 3.1% decrease....